The locker facility of banks always come handy whenever it comes to storing and safekeeping jewellery, documents and other important valuables. State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank, and ICICI Bank (ICICI) – all provide locker facilities to their customers, however the rents vary from banks to banks. Rates charged by the lenders for locker facility depend on the size of the locker (small, medium, and large) and the location of the locker (urban and metro).
In the report, a comparison is made for the locker rent in urban and metro branches except rural areas. This will help you easily understand which bank is most economical for safe deposit lockers. For this, we will give information about the locker charges of all the above-mentioned banks. Along with this, we have given information about the rent based on the size of the locker i.e. big or small. Along with this, information about one-time registration charge are also given.
PNB Locker Charges
PNB Safe Deposit Rate (Locker Rate) is calculated on the basis of the size of the locker. If a customer has already paid the rent for 5 years in advance and surrenders the locker in between, then the rent would be deducted on an annual basis. Charges for customers of rural and semi-urban would be Rs 200 in the name of registration fee. Whereas the registration fee for urban and metro branches is Rs 500.
| Type of locker | Semi-Urban/Urban Branch | Urban / Metro branch |
| Small | ₹1,250 | ₹2,000 |
| Medium | ₹2,500 | ₹3,500 |
| Big | ₹3,000 | ₹5,500 |
| Very Large | ₹6,000 | ₹8,000 |
| Extra Large | ₹10,000 | ₹10,000 |
HDFC Bank Locker Charges
There exists a difference in rents of lockers in different branches of the same category. HDFC Bank charges the bank locker rent on a yearly basis and has to be deposited in advance. Apart from this, the charge for the locker depends on its size and the location of the particular branch. Such as metro, urban, semi-urban and rural. GST is not included in the rates right now, 18 percent GST is added separately at the end.
| Type of locker | Metro City | Urban Area | Semi-Urban Area |
| Extra Small | ₹1,350 | ₹1,100 | ₹1,100 |
| Small | ₹2,200 | ₹1,650 | ₹1,200 |
| Medium | ₹4,000 | ₹3,000 | ₹1,550 |
| Extra medium | ₹4,400 | ₹3,300 | ₹1,750 |
| Large | ₹10,000 | ₹7,000 | ₹4,000 |
| Extra large | ₹20,000 | ₹15,000 | ₹11,000 |
ICICI Bank Locker Charges
In ICICI Bank, locker rent depends on the location of branch and size of the locker. The rent is charged on an annual basis and is deposited in advance. Allotment of locker depends on the availability of the bank and all the terms and conditions related to it are given in the locker agreement.
| Locker size | Semi-Urban | Urban | Metro | Metro Plus |
| Small | ₹2,000 | ₹3,000 | ₹3,500 | ₹4,000 |
| Medium | ₹5,000 | ₹6,000 | ₹7,500 | ₹9,000 |
| Large | ₹7,000 | ₹10,000 | ₹13,000 | ₹15,000 |
| Extra large | ₹15,000 | ₹16,000 | ₹20,000 | ₹22,000 |
SBI Locker Charges
The locker charges in SBI too depends on the size of locker and the location of the branch. Additionally, the bank charges a registration fee for the first time locker-
Small and medium lockers: Rs 500 + GST
Large and extra large lockers: Rs 1,000 + GST
| Locker size | Fare (₹) (Urban & Metro) |
| Small | ₹2,000 + GST |
| Medium | ₹4,000 + GST |
| Big | ₹8,000 + GST |
| Extra Large | ₹12,000 + GST |
The report compares safe deposit locker rental costs at SBI, HDFC Bank, ICICI Bank, and PNB across various locker sizes (small, medium, large) and locations (urban, metro). It details annual rental fees, one-time registration charges, and clarifies that GST is added separately in some cases. This comparison helps consumers choose the most economical option for their needs. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
