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Bank Locker Charges of SBI, HDFC, ICICI, BOB, Axis Bank, Canara Bank

By Mayashree Acharya

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Updated on: Apr 21st, 2025

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6 min read

Since 1907, the Indian Bank has been committed to providing exclusive financial services to Indian citizens. One such service is the locker facility, where account holders can safely keep their valuable assets or documents. 

Read on to learn about Indian Bank locker charges, the steps to open a locker and some rules associated with its operation.  

Types of Bank Lockers in Indian Bank

Indian Bank allows flexibility to account holders to choose a locker size based on their preferences. This practice helps them save adequately on locker charges and other associated fees. 

The different locker types available include:

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • L

Indian Bank Locker Charges 

The charges associated with lockers vary based on their type and location. Following are the locker rent in Indian Bank:

Type of Locker

Charge based on Location

MetroUrbanSemi-UrbanRural
A, A1, A3Rs. 1,500Rs. 1,500Rs. 1,250Rs. 1,250
A2, B, B2Rs. 2,500 Rs. 2,000Rs. 1,600Rs. 1,600
B1, C, C1, C2Rs. 3, 200 Rs. 3,000 Rs. 2,700 Rs. 2,000
C3, D, D2Rs. 3,200Rs. 3,200Rs. 2,700Rs. 2,700
D2 1, D2 2, ERs. 5,000 Rs. 5,000Rs. 4,000 Rs. 4,000 
F, F1, G, G1Rs. 6,000 Rs. 6,000 Rs. 5,000Rs. 5,000
H, H1Rs. 10,000 Rs. 10,000Rs. 8,000 Rs. 8,000 
L1Rs. 9,000Rs. 8,000 Rs. 7,000 Rs. 6,000
L/KRs. 12,000Rs. 12,000 Rs. 10,000Rs. 10,000
L6Rs. 12,000 Rs. 12,000 Rs. 11,000Rs. 9,000

How to Check Locker Availability in Indian Banks?

Follow the steps below to check the availability of a locker at Indian Bank:

Step 1: Visit the ‘Online Locker Facility’ page of Indian Bank.

Step 2: Select the state, centre and branch where you want to get a locker.

Step 3: Enter the captcha code and click the 'View Availability' button.

Indian Bank Locker Eligibility and Documents Required

Once you are sure that vacant lockers are available at your preferred branch of Indian Bank, check for eligibility and the documents required for application.

The following entities are eligible to open a locker at the Indian Bank:

  • Individuals can open the locker singly or jointly. 
  • Limited companies, firms, and trusts.
  • NRIs with existing bank lockers at the Indian Bank.

Moreover, you should keep the necessary documents ready when opening a locker at the Indian Bank. These papers include:

  • KYC documents like Aadhaar card, PAN card, etc.
  • A copy of your existing bank document.
  • Locker agreement.
  • Latest passport-size photographs.

How to Open a Locker Facility in Indian Bank?

Indian Bank allows you to apply for lockers online and offline. The steps to open your locker online include:

Step 1: Visit the ‘Online Locker Facility’ page of Indian Bank.

Step 2: Enter the necessary details to check availability.

Step 3: If there is availability of locker, click on the ‘Click Here To Proceed’ button. 

Step 4: Enter your bank account number and captcha code and click ‘Submit’.

Step 5: Fill out the locker opening form and upload the required documents.

Step 6: Add the nominee details and click on the ‘Submit’ button.

If you wish to open the locker offline, you can follow the steps below:

Step 1: Visit the bank branch where the locker is available and get the ‘Locker application form’ from the bank officials.

Step 2: Fill out the form accurately with all the necessary details.

Step 3: Visit the bank branch with the application form and other documents.

Step 4: Submit the papers to open the locker. 

Once you open the locker, you can easily operate it by adhering to the preset rules. 

How to Close Indian Bank Locker?

Below are the steps that you can follow to close the Indian Bank locker:

Step 1: Visit the Indian Bank branch where you have your locker.

Step 2: Submit an application to the bank manager stating the reason to close the account.

Step 3: Attach complete details of your Indian Bank locker.

Step 4: Pay the remaining rent and empty the locker. 

Step 5: Return the locker key and sign the necessary forms.

Step 6: Finally, collect the duplicate copy of your locker surrender form. 

Indian Bank Locker Operation Rules

Apart from all the necessary information, you should keep in mind the important locker operation rules to use it without any hassle. The following rules are associated with the operation of your Indian Bank locker:

  • You can access your locker only during normal banking hours.
  • It is imperative to carry the locker key along with you.
  • During your locker visits, it is essential to mention the locker number and visiting time.
  • A bank official in charge will accompany you when you are accessing your locker.
  • When leaving the locker room, make sure that you do not leave your personal belongings behind.

You can be at peace knowing your valuable assets are completely safe when you avail a bank locker. Now that you have a thorough idea of the Indian Bank locker charges, the information will help you select the right locker size for your needs, saving on any costs related to it. 

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

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Frequently Asked Questions

Are locker charges monthly or yearly?

The bank charges yearly rent from you when you avail of their locker facility. In addition, you must pay the rent in full before the start of the fiscal year.

Which bank has the lowest locker charges?

The bank locker charges differ from one bank to another and depend on the branch’s location and locker size. However, HDFC Bank charges Rs. 550 as locker charges for extra small lockers in rural areas.

Are bank lockers safe in a bank?

Yes, the bank lockers are safe in a bank, as they have robust security measures to protect your valuables.

Can we keep cash in a bank locker?

No, you cannot keep cash in a bank locker. However, you can store your valuables, like documents, jewellery, etc., in a bank locker.

What if the bank locker is robbed?

In case the bank locker is robbed, the bank is liable to pay you an amount equal to one hundred times the existing yearly rent of the bank locker.

Is a bank locker safe for gold?

Yes, a bank locker is safe for gold. If you want to keep gold in a bank locker, you must fill out the locker application form of the bank you want to keep your gold. Select the tenure and wait until the bank allocates a locker to you. After that, you will have to pay the annual rent before you start using the bank’s locker. 

What if I lost my bank locker key?

If you lose your bank locker key, you must immediately notify the bank about the loss of the locker key. Once you report the loss, the bank will replace the key or allocate you a new locker. However, you will have to bear the loss of getting duplicate keys, a new locker, etc. 

How to write a letter to close a bank locker?

You can ask the bank to close your locker facility by writing a letter. In the letter, you must mention the locker number allotted to you, the savings or current account number, and the reason you are closing the account. In addition, you must address this letter to the branch manager you have in the locker.

How to use a bank locker?

When you opt for a locker facility from the bank, you will get a key to access the locker. It enables you to access and use the locker according to your preference. Moreover, some banks have keyless systems, such as access cards or biometrics, to enhance security measures. 

Are bank lockers fireproof?

Yes, bank lockers are fireproof. The design of these lockers protects them from fire, floods, other natural disasters and unforeseen circumstances. 

Are bank lockers insured in India?

As per the RBI notification, banks must take necessary safety and security measures for the safe deposit vault premises. The banks must ensure incidents like theft, fire, burglary, dacoity, robbery and building collapse do not occur due to their negligence or by any act of omission or commission. 

Nevertheless, if these incidents or employee fraud leads to the loss of locker contents, the bank is liable to pay an amount that equals one hundred times the locker's current annual rent. 

Is the bank liable for theft in the locker?

No, the bank is not liable for any theft in the bank locker. However, if the bank employee steals the locker's valuable content, the bank is liable to pay an amount equivalent to one hundred times the existing locker's annual rent. 

About the Author

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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