Bank lockers, where people can keep their valuables, including gold, property documents and insurance policies, are a service that banks provide to their customers. He secures the valuables in safe storage lockers and receives some compensation in return. Bank safe deposit lockers are available in different locations and sizes, depending on the needs of the depositors. Here are the locker charges of ICICI Bank, PNB, SBI and HDFC Bank:
ICICI Bank Dofla Fees
ICICI Bank charges between Rs 1,200 and Rs 5,000 per annum for a small-sized locker. He charges Rs 2,500-9,000 for medium size wardrobes. ICICI Bank charges between Rs 4,000-15,000 for a large locker, and between Rs 10,000 and 22,000 for an extra-large locker. On top of that, GST is also charged as required.
According to the ICICI Bank website, “locker rent is charged annually and is paid in advance. Allocation of locker is subject to availability and discretion of ICICI Bank. All other Terms and Conditions regarding lockers will be communicated in the locker agreement.”
Punjab National Bank Dofla Fees
PNB charges an annual rent of above Rs 1,250 in rural and semi-urban areas. Bank charges vary from Rs 2,000 to Rs 10,000 for urban and metro areas.
SBI Locker Charges
SBI charges locker charges between Rs 500-3,000. In metros and metros, the bank charges Rs 2,000, 4,000, 8,000, and 12,000 for small, medium, large, and extra-large lockers, respectively. In semi-urban and rural areas, SBI pays Rs 1,500, 3,000, 6,000, and 9,000 for small, medium, large and extra-large lockers respectively.
HDFC Bank Locker Charges
He charges between Rs 550-20,000 annually for locker rent – Rs 550 for a smaller locker in rural areas, while Rs 20,000 is spent for an extra-large locker in metro cities.
“Rent may vary between branches under the same location. Our locker rentals vary depending on locker size and branch location. Locker allocation is subject to availability,” the HDFC Bank website said.
Eligibility for Safe Deposit Funds
Lockers can be rented by individuals, limited companies, associations and trusts.
Nomination Facility Available?
Yes, nomination space is available in secure storage lockers. Nominations on safe deposit boxes allow the bank to disclose the contents to the nominee in the event of his death. If a locker is locked together, and one of the incumbents dies, the contents can only be removed jointly by the nominee(s) and the survivor.
How Can You Add / Cancel / Edit a Candidate in Your Doffle?
You will need to fill out some forms and send it to your locker branch. The forms are available in the form center section of the bank’s website.
– To add a nominee: Form SL1 (sole tenant) / SL1A (joint tenant)
– To cancel the nomination: Form SL2
– To change the nomination: Form SL3 (sole user) / SL3A (joint tenant).
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