Axis Bank Locker Charges 2024

Axis Bank offers a safe and secure locker facility for its customers. You can book a locker online and choose the locker size that best fits your needs. Axis Bank locker charges are automatically debited from your bank account and comes with a nomination facility. 

In this article, you will learn about Axis Bank's locker charges, booking of locker, locker rules, and its closure.

Types of Bank Lockers in Axis Bank

Axis Bank is one of the most popular private sector banks in India for its premium services and higher customer satisfaction. Apart from offering different banking services, it offers you locker facilities to keep your valuables safe and secure.

It is important to understand that the locker facility is available in different types, which are mainly based on size. The four types of bank lockers available in Axis Bank for you to choose according to your requirements are:

• Small
• Medium
• Large
• X-Large

Axis Bank Locker Charges

Axis Bank locker charges depend on the branch location and the size of your locker. The table below provides the Axis Bank locker charges in 2024:

*Note -  Additional GST is applicable with the above charges

How To Check Locker Availability in Axis Bank?

To check the locker availability in your nearest Axis Bank branch, follow the below steps:

Step 1: Visit the Axis Bank Safe Deposit Locker page.

Step 2: Click on the ‘Locate Nearest Branch’ button.

Step 3(a): Clear the text ‘safety-deposit-locker-product-page-main-banner’ from the search bar, type your area name, select the category as ‘Branch’ and the services as ‘Lockers’, and click ‘Search’.

Step 3(b): You can also clear the text ‘safety-deposit-locker-product-page-main-banner’ from the search bar, select the state and city, enter the locality and the radius and click ‘Search’. 

After entering the details, you can see the availability of lockers in your nearest Axis Bank branches.

Axis Bank Locker Eligibility and Documents Required

Eligibility

These are the eligibility requirements that you must meet to open a locker in Axis Bank:

• Individual or joint account holders can apply for a locker facility.
• Individuals applying for a locker facility must have an existing current or savings account in Axis Bank.

Documents Required

Please do not forget to keep the required documents that you need to submit to apply for a locker:

• Passport size photographs 
• Copy of your savings or current account’s passbook
• Security deposit
• Locker agreement on a notarised stamp paper

How To Open Locker Facility in Axis Bank?

Axis Bank offers you multiple channels to apply for their locker services. You can apply offline by visiting the branch or online through the Axis Mobile app or Internet banking. Below is the process to avail a locker from Axis Bank via different channels.

Offline via Branch 

You can visit your nearest branch of Axis Bank to apply for a locker facility. Contact the bank officials, and they will guide you with the further steps.

Net Banking

Step 1: Sign in to your Axis Bank Internet banking account. 

Step 2: Click the ‘Book Locker’ through the ‘Apply Now’ option.

Step 3: Select the branch name and check the availability of lockers.

Step 4: Enter the required size.

Step 5: Confirm details and enter the OTP sent through SMS.

Axis Mobile Application

Step 1: Log in to your Axis Mobile app by entering your MPIN.

Step 2: Click on the ‘Apply Now’ button available at the bottom of the homepage.

Step 3: Click on ‘Lockers’ and click on ‘Book Now’.

Step 4: Choose the state, city and branch name.

Step 5: Then click on the ‘Check availability’ option.

Step 6: Now you will see the branch name, registration charges, available locker sizes and their rents. Select your desired locker size.

Step 7: You will see a preview of the booking where you will see locker type, annual rent, registration charge, total amount, and branch name. Click on ‘Confirm’ to book the locker.

How to Close Axis Bank Locker?

You have to visit the branch where you have rented the locker to close your locker. Ask the bank officials to complete further processes to close your locker. Before closing your locker, you have to clear all your outstanding locker charges (if any). Additionally, you have to hand over the keys to the bank officials and empty your locker before closure. 

Axis Bank Locker Rules

Here are some of the most important rules that you should remember before applying for a new locker at Axis Bank.

• Locker Rent

Axis Bank locker charges are taken in advance by the bank. You must have an active account in Axis Bank to hold a locker.

• Term-Deposit

Axis Bank will take a term deposit from you. The term deposit will include three years of rent and locker break-open charges. This will be a security deposit, and a new account will be opened in the branch.

• Locker Access

You can access your locker only during banking hours. To ensure the privacy of the customer, Axis Bank allows only one person at a time in the locker room. To open your locker, you have to provide either biometric or physical authentication to the bank officials.

• Locker Surrender

To surrender your locker, first, you have to submit a written application to the branch. After verifying the details, they will allow you to close your locker. Before surrendering, you need to hand over the physical key of the locker, and it should be empty. Any rent paid in advance will be refunded to the account of the hirer. 

• Break-open of Locker

Even if you are paying Axis Bank locker charges, the bank has the right to break your locker under these circumstances:

• If your locker rent is pending for three years in a row, Axis Bank will break the locker and they can sell the items or assets to recover the rent.
• In case a locker has been inoperative for seven years in a row and the bank can not locate the hirer, Axis Bank can break your locker. After that, the documents or assets will be transferred to the legal heir or nominees.
• If you have lost the keys, the bank will break your locker and replace the key upon your request. However, the key replacement charges should be paid by you. The replacement process will be completed by an authorised technician in the presence of a bank official. 
• If any law enforcement agency asks the bank to seize your locker, the bank will send you an official notice via email and physical letter and they can break your locker.
• Axis Bank can break your locker if you do not cooperate with them by following all the terms and conditions of the locker application.

Note- Before breaking your locker in case of outstanding or incorporation of the locker, Axis Bank will send you a prior notification via written communication. If the letter is returned or undelivered, Axis will issue a public notice of the customer's location in two leading local newspapers. One notice will be published in an English newspaper and the other one will be published in the local language. You will get a reasonable amount of time to take further action. 

It is important to understand that getting the locker service is not easy as thousands of applications are sent to the bank every day for the same all over the country. Keep patience if getting a locker confirmation takes time for you.

Also, make sure you are accustomed to Axis Bank locker charges before submitting your application. This information will help you make further decisions regarding your locker booking and maintenance in the bank. 

Bank Locker Related Articles:
1. ICICI Bank Locker Charges
2. HDFC Bank Locker Charges
3. SBI Locker Charges
4. Bank of Baroda Locker Charges
5. Canara Bank Locker Charges
6. Union Bank Locker Charges
7. Kotak Bank Locker Charges
8. Bank Locker Rules

Other Axis Bank Related Articles:
1. Axis Bank Holidays List 2024
2. Axis Bank Savings Account Interest Rate
3. Axis Bank Credit Card Cash Withdrawal Charges
4. Axis Bank Mobile Banking