Bank lockers are a preferred technique of storing jewelry and vital papers. Banks cost a price for this service, which relies on the dimensions of the locker. Bank locker fees rely upon the dimensions of the locker and the area- city, rural or metro. In September, the Reserve Bank of India (RBI) issued revised tips on protected deposit locker and protected custody article amenities offered by banks. The new locker guidelines have been efficient since 1 January 2022.
Here is a have a look at the costs of financial institution lockers by State Bank of India (SBI), ICICI Bank and Punjab National Bank (PNB)
SBI locker fees
1) SBI’s small locker rental fees
Urban and Metro : ₹2000+Gst
Rural and Semi Urban: ₹1500+Gst
2)SBI’s medium locker rental fees
Urban and Metro : ₹4000+Gst
Rural and Semi Urban: ₹3000+Gst
3) SBI’s giant locker rental fees
Urban and Metro : ₹8000+Gst
Rural and Semi Urban: ₹6000+Gst
4) SBI’s additional giant locker rental fees
Urban and Metro : ₹12000+Gst
Rural and Semi Urban: ₹9000+Gst
SBI additionally imposes a one-time locker registration cost of ₹500 plus GST for small and medium lockers whereas for big and extra-large lockers, it’s a must to pay ₹1,000 plus GST.
ICICI Bank locker fees
ICICI Bank fees ₹1,200 to five,000 for a small measurement locker and for extra-large the lease can vary from ₹10,000 to 22,000. These fees are excluding GST. ICICI Bank collects the annual lease quantity prematurely.
PNB locker fees
PNB hiked locker fees with impact from 15 January. Locker annual lease varies from ₹1,250 to ₹10,000 in rural and semi-urban areas. For city and metro, the financial institution cost varies from ₹2,000 to ₹10,000
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