Revised Bank Locker Charges in Top Indian Banks: SBI, ICICI, HDFC, and PNB Rates Explained - Read Now
Top Indian banks, including SBI, ICICI, HDFC, and PNB, have updated their bank locker charges based on location and locker size. Learn about the revised rental fees and key details on free visits, security, and eligibility.
Indian banks have changed bank locker charges and locker facility policies of top banks, such as SBI, ICICI, HDFC, and PNB. The guidelines cover the locker rentals, security measures, eligibility criteria, and other related fees, which affects millions of customers. So, users or prospective users of bank lockers must know the new charges and rules.
New Bank Locker Charges as per Location
The new bank locker fees depend on the size of the locker, as well as the location of the bank branch in a metro, urban, semi-urban, or rural area. According to the examples above, a small State Bank of India (SBI) locker costs ₹2,000 in the metro areas but ₹1,500 for the same locker in rural areas. On the other hand, SBI extra-large lockers cost ₹12,000 in the metro branch while the same extra-large lockers are priced at ₹9,000 in a rural branch.
Bank Locker Fees Breakup: SBI, ICICI, HDFC, and PNB
SBI Locker Charges
Small: ₹2,000 (metro/urban), ₹1,500 (semi-urban/rural)
Medium: ₹4,000 (metro/urban), ₹3,000 (semi-urban/rural)
Large: ₹8,000 (metro/urban), ₹6,000 (semi-urban/rural)
Extra-Large: ₹12,000 (metro/urban), ₹9,000 (semi-urban/rural)
ICICI Bank Locker Charges
Rural: ₹1,200 to ₹10,000
Semi-Urban: ₹2,000 to ₹15,000
Urban: ₹3,000 to ₹16,000
Metro: ₹3,500 to ₹20,000
Premium Metro Locations: ₹4,000 to ₹22,000
HDFC Bank Locker Charges
Metro: ₹1,350 to ₹20,000
Urban: ₹1,100 to ₹15,000
Semi-Urban: ₹1,100 to ₹11,000
Rural: ₹550 to ₹9,000
PNB Locker Charges
Rural: ₹1,250 to ₹10,000
Urban: ₹2,000 to ₹10,000
Locker Security and Eligibility
Banks allocate lockers to many customers such as personal account holder, partnerships, clubs and limited companies. But at the same time it is not possible to make allocation of bank locker to a minor. A bank acts like a guardian and keeps the locker for the clients. Still it should be kept in the mind that banks are not liable to cash kept within the locker.
Free Visits and Extra Fees
Free visits: Consumers are provided with 12 free visits in a year. Beyond that, every visit incurs a bill of ₹100.
In view of new lockers' charges being introduced by all major Indian banks, this involves comparison of lock rent fees and location and size locker before finalizing the locker service. This will assist informed consumers and adhere to the new arrangement.
