Bank Locker Charges- Here are SBI, HDFC, PNB, ICICI, AXIS and Canara Bank’s Locker Charges?

A locker facility is one of the ancillary services that a bank provides to its customers. Lockers are used to keep important documents, jewellery, loan papers, savings bonds, and other items safe. This service is not available at every bank location. High-security features and specially designed strong rooms are installed in branches with lockers. For this service, banks charge a fee based on the size of the locker. Bank locker fees vary according to locker size and location (urban, rural, or metro). When the locker is assigned, the locker hirer will be given a copy of the locker agreement that governs its use. Here are SBI, HDFC, PNB, ICICI, Axis and Canara bank's locker charges.

SBI locker charges

SBI locker fees range between Rs 500 and Rs 3,000, depending on location and locker size. In metro and metropolitan areas, small, medium, large, and extra-large lockers cost Rs 2,000, Rs 4,000, Rs 8,000, and Rs 12,000, respectively. The bank charges Rs 1,500, Rs 3,000, Rs 6,000, and Rs 9,000 for small, medium, large, and extra-large lockers in semi-urban and rural areas, respectively.

HDFC Bank locker charges

Locker fees can range from Rs 3,000 to Rs 20,000 per year, depending on size, availability, and location. It typically charges Rs 3,000 for small lockers, Rs 5,000 for medium-sized lockers, and Rs 10,000 for large lockers in metro and urban areas.

ICICI Bank locker charges

A small-size locker costs between Rs 1,200 and Rs 5,000, and an extra-large locker costs between Rs 10,000 and Rs 22,000, according to ICICI Bank. Remember that these prices do not include GST.

PNB Bank locker charges

In rural and semi-urban areas, PNB customers pay annual rent of more than Rs 1,250. Bank fees in urban and metropolitan areas range from Rs 2,000 to Rs 10,000.

Axis Bank locker charges

Axis Bank charges Rs 1,000 + GST for initial Locker registration (not applicable to Burgundy / Burgundy Private customers). The number of free locker visits per calendar month is limited to three; thereafter, each visit costs Rs 100 + GST.

Canara Bank locker charges

The one-time locker registration fee at Canara Bank branches is Rs 400 plus GST. Service charge for locker operations is free for the first 12 operations per year, after which there will be a charge of Rs 100 per operation plus GST.