Let’s explore in detail how these Indian Bank locker charges vary based on locker size, location, and usage policies.
Indian Bank offers safe deposit locker services to help customers store valuable items securely. These lockers are available in various sizes and are priced according to the branch location. Before applying, it’s important to understand the Indian Bank locker charges, eligibility criteria, and locker operation rules to make an informed financial decision.
Locker Type | Metro | Urban | Semi-Urban | Rural |
A, A1, A3 | ₹1,500 | ₹1,500 | ₹1,250 | ₹1,250 |
B, A2, B2 | ₹2,500 | ₹2,000 | ₹1,600 | ₹1,600 |
C, B1, C1, C2 | ₹3,200 | ₹3,000 | ₹2,700 | ₹2,000 |
D, C3, D2 | ₹3,200 | ₹3,200 | ₹2,700 | ₹2,700 |
E, D2 1, D2 2 | ₹5,000 | ₹5,000 | ₹4,000 | ₹4,000 |
F, F1, G, G1 | ₹6,000 | ₹6,000 | ₹5,000 | ₹5,000 |
H, H1 | ₹10,000 | ₹10,000 | ₹8,000 | ₹8,000 |
L1 | ₹9,000 | ₹8,000 | ₹7,000 | ₹6,000 |
L/K | ₹12,000 | ₹12,000 | ₹10,000 | ₹10,000 |
L6 | ₹12,000 | ₹12,000 | ₹11,000 | ₹9,000 |
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:
The Indian Bank locker charges vary based on locker size and branch location (Metro, Urban, Semi-Urban, and Rural). Following are the locker rent in Indian Bank:
Type of Locker | Charge based on Location | |||
Metro | Urban | Semi-Urban | Rural | |
A, A1, A3 | Rs. 1,500 | Rs. 1,500 | Rs. 1,250 | Rs. 1,250 |
A2, B, B2 | Rs. 2,500 | Rs. 2,000 | Rs. 1,600 | Rs. 1,600 |
B1, C, C1, C2 | Rs. 3, 200 | Rs. 3,000 | Rs. 2,700 | Rs. 2,000 |
C3, D, D2 | Rs. 3,200 | Rs. 3,200 | Rs. 2,700 | Rs. 2,700 |
D2 1, D2 2, E | Rs. 5,000 | Rs. 5,000 | Rs. 4,000 | Rs. 4,000 |
F, F1, G, G1 | Rs. 6,000 | Rs. 6,000 | Rs. 5,000 | Rs. 5,000 |
H, H1 | Rs. 10,000 | Rs. 10,000 | Rs. 8,000 | Rs. 8,000 |
L1 | Rs. 9,000 | Rs. 8,000 | Rs. 7,000 | Rs. 6,000 |
L/K | Rs. 12,000 | Rs. 12,000 | Rs. 10,000 | Rs. 10,000 |
L6 | Rs. 12,000 | Rs. 12,000 | Rs. 11,000 | Rs. 9,000 |
Before paying Indian Bank locker charges, it’s essential to check locker availability at your nearest branch. 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.
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:
Moreover, you should keep the necessary documents ready when opening a locker at the Indian Bank. These papers include:
Indian Bank allows you to apply for lockers online and offline. Ensure you are aware of the applicable Indian Bank locker charges before proceeding with the application. 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.
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.
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:
Indian Bank provides affordable locker rental options to secure your valuables whether you're in a metro city or rural area. By understanding the Indian Bank locker charges, locker sizes, and the applicable rules, you can select the right option that balances safety and cost-effectiveness. Always check for locker availability and applicable charges before applying.
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