Individuals, either singly or jointly or Two or more persons jointly or Two or more persons with operative instructions "Either or Survivor" or "Anyone or Survivor" or "Former or Survivor" clause, Firms, Limited Companies and Trusts may avail this facility. To avail of a Safe Deposit Locker, you need to fulfil certain eligibility criteria.
If you are eligible, you can gain access to a personal locker by simply submitting your Safe Deposit Locker opening form along with the necessary documents.
Non-Resident Indians, who are constituents of the Bank, may also be extended this facility. Lockers can be hired by Illiterates and Blind persons also. However, lockers cannot be hired in the name of minors.
Locker can be hired by submitting the following documents
You can obtain bank locker opening form by visiting your nearest bank branch with locker facility.
We can't keep all our valuables, gold or diamonds jewellery, important documents and cash at home, as it is not safe at all due to the possibilities of theft. As a good alternative, opening a bank locker is very useful. Different banks offer locker facility viz. bank locker SBI, bank locker ICICI, etc. Bank locker facility is of course not free of cost. If you think that as you have a bank account with a particular bank then that bank will provide bank locker free, then it is not so. Banks will levy bank locker fees or bank locker rents against providing you bank locker. Bank locker rates depends on bank locker sizes. There are variety of bank locker sizes being offered by the banks such as small, medium, large and extra large, and to avail this bank locker facility, you need to pay bank locker charges annually i.e. if you open a bank account with HDFC then bank locker charges HDFC are required to be paid every year.
Bank locker charges India are not very high which simpaly means that they are affordable. Before opening of of a bank locker, you should search for bank lockers near me and then you should go ahead.
Bank Lockers in India can be operated during the specified timing displayed at the bank branch where you maintain your locker. A bank employee (usually of an officer cadre) is designated by the bank branch to be in-charge of Safe Deposit Lockers. To open the locker, you need a pair of keys. One key is with the bank typically with in-charge of Safe Deposit Lockers and the other is with you (the customer). Both keys are required together to open the locker.
There are some of the operating bank locker terms and conditions under which the hirer is required to use te locker. Mentioned below the step-by-step process to operate the Bank Locker in India:
Bank lockers in India can only be operated by the locker hirer or joint hirers. An individual alone or jointly with someone can operate it.
Bank locker operation regulations of the Reserve Bank of India (RBI) says to operate the bank at least once a year or else the bank can open it. If the locker has not been operated for a continuous period of 1 year by a high risk profile hirer or for a continuous period of 3 years by a medium risk profile hirer then the bank has the authority to insist the hirer to operate the locker immediately. It is also necessary for the bank to send you an advance notice suggesting you to either operate the bank locker or surrender it.
In case the hirer is not willing to operate the bank locker in due course of time, it is better for him/ her to surrender it.
Locker rent is charged annually and vary based on location of branch and locker sizes. Request you to check applicable rentals via Internet/Mobile banking or by visiting the branch.
|Large locker||Charges||Tk. 6,500 Annually collected on a prorated basis|
|Medium locker||Charges||Tk. 4,000 Annually collected on a prorated basis|
|Small locker||Charges||Tk. 2,000 Annually collected on a prorated basis|
|Access outside Schedule time||Charges||Tk. 100|
|Late Payment Fees||Fees||Tk. 500|
|Security Money||Tk. 5,000|
|Replacement of lost keys||Actual cost|
|Locker Facility for Shampurna (savings account)||Charges||25% discount subject to availability|
|Insurance Premium for Locker||Charges at Actual|
|Annual rental/other Charges of Locker are to be realized in advance.|