Most of us like to keep our valuables in bank lockers as they are considered to be safe. Safe deposit or bank lockers are one of the most important facilities offered by a bank. These lockers come in different sizes- small, medium, large and extra-large.
However, renting a bank locker is not cheap. It, typically, depends on the size of the locker and the bank branch you opt for. Country’s top lender State Bank of India (SBI) had hiked rental charges for its safe deposit lockers across India effective 31 March. SBI branches offer cheaper locker services in semi-urban and rural areas.
Here are the charges of small, medium, large and extra-large locker offered by SBI:
1) SBI’s small locker rental charges
Urban and Metro : ₹2000+Gst
Rural and Semi Urban: ₹1500+Gst
2)SBI’s medium locker rental charges
Urban and Metro : ₹4000+Gst
Rural and Semi Urban: ₹3000+Gst
3) SBI’s large locker rental charges
Urban and Metro : ₹8000+Gst
Rural and Semi Urban: ₹6000+Gst
4) SBI’s extra large locker rental charges
Urban and Metro : ₹12000+Gst
Rural and Semi Urban: ₹9000+Gst
5) One-time locker registration charge
SBI also imposes a one-time locker registration charge of ₹500 plus GST for small and medium lockers while for large and extra-large lockers, you have to pay ₹1,000 plus GST.
6) Locker visit charges
SBI offers 12 visits free for all locker sizes. Thereafter, the bank charges ₹100 /- + GST per visit.
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