Canara Bank Locker Charges 2024

To safeguard your valuable items, Canara Bank offers the “Locker Service”.   So, if you plan to keep your valuables safe, you can opt to get a locker here. Canara Bank locker charges and other associated costs to make an informed approach to locker opening are given below. 

Types of Bank Lockers in Canara Bank

Canara Bank offers different types of lockers that are categorised based on their sizes. This helps you select the one that perfectly caters to your needs, saving you from paying any additional charges. 

Locker types in Canara Bank as per their size are as follows:

Based on the size and location of your Canara Bank Locker, the charges that you will have to pay for owning one vary considerably. Hence, make sure to check all necessary information before opting for one. 

Canara Bank Locker Charges

Following are the locker charges in Canara Bank based on the size of the locker and the location where you are opening it:

Additionally, you will have to pay a security deposit amount when opening your account. These charges are as follows:

Furthermore, you will have to pay some additional charges when using a locker, which is described below:

With a thorough knowledge of the locker charges, you can make the right strategy and save more on these costs. 

How to Check Locker Availability in Canara Bank?

Once you are aware of the charges associated with lockers at Canara Bank, you can easily proceed to check their availability. Canara Bank offers you the flexibility to check for vacant lockers both online and offline. 

Below we have given a detailed discussion of the steps to implement to check locker availability.

1. Online Process

The steps that you will need to follow to check the availability of a bank locker online are as follows:

1. Navigate to the official website of Canara Bank.
2. Scroll down the home page and click on ‘Vacant Lockers’.
3. You will be redirected to the ‘Information on Availability of Lockers’ page.
4. Choose the ‘Branch name’, ‘Branch Code’ or ‘Pin Code’ option.
5. Next, enter the information accordingly that you have selected.
6. Finally, click on the ‘Search’ button to check locker availability. 

2. Offline Process

Below are some hassle-free steps that you will need to follow for enquiring about vacant lockers offline:

1. Visit the nearest branch of Canara Bank.
2. Talk to the representatives to know about the availability of vacant lockers.

Canara Bank Locker Eligibility & Documents Required

Apart from knowing about the vacancy, you should also be aware of the eligibility criteria and documents required for opening a Canara Bank locker.

The following entities are eligible to open a Canara Bank locker:

• Individual locker holders
• Limited companies
• Trusts 
• Firms 
• Two or more people can open a joint account

Additionally, you will need to furnish certain documents when opening a Canara Bank locker. They are:

• KYC papers of the account holder
• Papers related to savings bank account or current bank account
• A signed copy of the locker agreement
• Passport-sized photographs of the account holder

Once you are aware of the vacant lockers, eligibility criteria and documents required, you can proceed with opening a Canara Bank locker. 

How to Open a Locker Facility in Canara Bank?

You have the flexibility to open a Canara Bank locker both online and offline. The steps to follow for each method are given in detail below.

1. Online Method

The steps to open a Canara Bank locker online are as follows:

1. Navigate to the official website of Canara Bank 
2. Log in to your Internet Banking account using your credentials.
3. Move to the ‘Services’ tab present on the home page. 
4. Tap on the ‘Apply for a Locker’ button from the options available.
5. Select your state, city and branch where you want to hire the locker.
6. Review the information entered and click on the ‘Submit’ button. 

2. Offline Method

Below are the steps for opening your Canara Bank locker offline:

1. Pay a visit to your nearest Canara Bank branch.
2. Have a word with the representatives about opening a locker.
3. Fill out the locker opening form accurately.
4. Submit the form to open your locker. 

How to Close Canara Bank Locker?

These steps you will need to follow to surrender your Canara Bank locker:

1. Visit the physical branch of your Canara Bank.
2. Take out all the assets that you have kept in your bank locker.
3. Submit a duly signed letter when surrendering your locker. 
4. Hand over the key to your bank locker.

Lastly, collect the acknowledgement form as proof that you have surrendered your locker. 

Canara Bank Locker Operation Rules

Following are some important Canara Bank locker operation rules that you should be aware of when using it:

• You must hold a Canara Bank account to open a locker.
• As soon as you open a Canara Bank locker, you will have to pay a registration fee.
• It is imperative that you complete all the KYC formalities.
• You will need to pay a security term deposit to cover all the locker expenses.
• You will get the locker allocation only when vacant lockers are available.
• You need to pay the safe deposit locker rent before the 1^st April every year.

Final Words

Canara Bank offers maximum security to your valuables, ensuring that you stay worry-free about them. Make sure to have detailed information about the locker charges and availability to make informed financial decisions. Also, to save more on the Canara Bank locker charges, you can optimise the locker size based on your assets. 

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

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