ICICI Bank Locker Charges 2024

ICICI is one of the biggest multinational banks in India. Headquartered in Mumbai, it offers a wide range of banking and financial services tailored for both corporate and retail customers. Their offerings include life and non-life insurance, investment banking, asset management, and venture capital.

As a top financial institution in India, ICICI Bank also offers secure locker facilities to meet the needs of every customer. This article will answer all your questions about ICICI Bank locker charges, eligibility, opening procedures, and more.

Types of Bank Lockers in ICICI Bank

ICICI Bank provides a variety of locker sizes to suit your specific requirements:

• Small: Best for jewellery, documents, and other valuables.
• Medium: If you have larger items like certificates, deeds, and laptops, it is suitable for these things.
• Large: This storage solution is ideal for keeping larger items, such as business documents or precious family heirlooms, safe and secure.
• Extra Large: You can display even the largest and most unique items or collections with ease. 

ICICI Bank Locker Charges 

Rental charges for ICICI Bank lockers vary depending on the size and location of the branch. Here is a detailed table showing the ICICI Bank locker charges:

How to Check Locker Availability in ICICI Bank?

ICICI Bank employs a transparent process by placing applicants on a waitlist for locker services, ensuring fairness and openness with customers. To reserve an ICICI locker, follow these steps:

Step 1: Visit your closest ICICI branch.

Step 2: Inquire about locker availability.

Step 3: Diligently complete the application form and submit the required documents.

By adhering to this straightforward process, you can secure an ICICI locker, enhancing the accessibility and convenience of the application procedure.

ICICI Bank Locker Eligibility and Documents Required

For those interested in availing of the ICICI Bank locker services and exploring the associated benefits, it is essential to review the eligibility criteria. To open an ICICI locker, customers must meet the following criteria:

• Maintain an active ICICI  bank account.
• Ensure that Re-KYC is not pending for the ICICI account.
• Ability to pay the locker rent amount in advance.

Additionally, applicants for the locker must possess specific documents to facilitate a smooth application process. These criteria ensure a streamlined and accessible process for securing an ICICI Bank locker. 

The documents required to be submitted along with the locker application are stated below:

• KYC Documents

It is mandatory to submit KYC documents to verify the identity and address of the locker applicant.

• Passport Size Photograph

For identification purposes, please attach a recent passport-size photograph of the locker holder.

• Locker Agreement

A comprehensive agreement is necessary for locker usage, including applicable stamp duty as per state or Union Territory laws.

How to Close ICICI Bank Locker?

If an individual wishes to close their locker, they have the option to surrender it. To initiate the process, the customer must ensure that the locker is emptied and the key is returned to the bank. Once the key is returned, the agreement will be terminated, and any ICICI Bank locker rent fees collected at the beginning of the year will be refunded to the customer.

ICICI Bank Locker Operation Rule

If you rent a locker at ICICI Bank, you must follow certain rules and regulations at all times. Here is a list of some of these ICICI Bank locker operation rules:

• The rental prices listed are estimates and may vary depending on your chosen locker size and branch category. Please visit your nearest ICICI Bank branch or contact them directly for exact pricing.
• Locker rent is charged annually and must be paid upfront before accessing the locker.
• Locker allotment is subject to availability at your chosen branch, and the final decision rests with ICICI Bank's discretion.
• Customers are prohibited from utilising the ICICI locker to store illicit goods, hazardous materials, or engage in unlawful activities.

Now that you have a comprehensive idea about the ICICI Bank locker charges, you can make informed decisions and ensure a smooth experience when renting a bank locker. Please visit your nearest ICICI Bank branch or contact their customer care for specific details and the latest updates.

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