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

Bank lockers provide a secure way to store your valuables, such as documents, jewelry, and cash. Banks charge an annual fee for locker services, which varies based on locker size and branch location. Understanding these charges helps you choose the right locker and manage costs effectively.

Key Highlights

• Indian Bank offers multiple locker sizes (A to L) with charges varying based on size and branch location, from Rs. 1,250 to Rs. 12,000 per year.
• Lockers can be opened by individuals, joint account holders, NRIs, and entities like firms or trusts with necessary KYC documents.
• Locker availability can be checked online, and applications can be submitted both online and offline.
• Lockers can be closed by submitting an application, paying pending rent, returning the key, and collecting the locker surrender form.

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:

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.

Final Word

Bank locker charges may vary depending on the size and location, but they are a small price for the security and peace of mind they offer. Choosing the right locker and staying aware of annual fees ensures your valuables are safely stored without any surprises.

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