Bank of Baroda · statement narration
LOCKER RENT
Also printed as: LOCKER CHARGES · SAFE DEPOSIT RENT · LOCKER RENT CHG · SDV RENT
Decoded
Annual rent for a safe deposit locker. The amount depends on locker size and branch location.
Hinglish meinSafe deposit locker ka saalana kiraya. Locker ke size aur branch ke area ke hisaab se alag hota hai.
- A — Metro/Urban
- ₹1,500 + 18% GST
- A — Semi-Urban/Rural
- ₹900 + 18% GST
LOCKER RENT on your Bank of Baroda statement — Annual rent for a safe deposit locker. The amount depends on locker size and branch location. The bank publishes a rate table, not one figure; the rates are below.
Read from Bank of Baroda — Service Charges on 2026-08-20.
Locker charge: what other banks publish
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
What it costs, including GST1 rule · rate table, conditions and waiver
Retail Banking Service Charges · Branch
Locker type and location category
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| A — Metro/Urban | ₹1,500 | ₹1,770 |
| A — Semi-Urban/Rural | ₹900 | ₹1,062 |
| B — Metro/Urban | ₹2,000 | ₹2,360 |
| B — Semi-Urban/Rural | ₹1,000 | ₹1,180 |
| D — Metro/Urban | ₹2,800 | ₹3,304 |
| D — Semi-Urban/Rural | ₹1,500 | ₹1,770 |
| C — Metro/Urban | ₹3,000 | ₹3,540 |
| C — Semi-Urban/Rural | ₹1,700 | ₹2,006 |
| E/H-1 — Metro/Urban | ₹4,000 | ₹4,720 |
| E/H-1 — Semi-Urban/Rural | ₹2,200 | ₹2,596 |
| G — Metro/Urban | ₹7,000 | ₹8,260 |
| G — Semi-Urban/Rural | ₹5,500 | ₹6,490 |
| F — Metro/Urban | ₹7,000 | ₹8,260 |
| F — Semi-Urban/Rural | ₹5,500 | ₹6,490 |
| H — Metro/Urban | ₹7,000 | ₹8,260 |
| H — Semi-Urban/Rural | ₹5,500 | ₹6,490 |
| L1 — Metro/Urban | ₹10,000 | ₹11,800 |
| L1 — Semi-Urban/Rural | ₹8,000 | ₹9,440 |
| L — Metro/Urban | ₹10,000 | ₹11,800 |
| L — Semi-Urban/Rural | ₹8,000 | ₹9,440 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Annual locker rent excluding GST. Same section lists: breaking open of locker Rs 1000 incidental over actual cost; late-payment penalty Rs 200 for first 3 months then Rs 50 p.m. where annual rent is up to Rs 3000, and Rs 500 then Rs 100 p.m. above Rs 3000; 10% discount on 3-year advance rent for general public and 20% for Premium Current Account / Premium Current Account Privilege customers; operations beyond 12 a year at Rs 100 per occasion for general public; advance rent accepted for a maximum of three years.
Why it happened and how to avoid it
Why it happened
Annual locker rent fell due on your locker.
How to avoid it
Paying several years in advance often earns a discount. Late payment adds a penalty, so pay on the due date.
Dispute this chargeRBI dispute template, ready to copy
Official source1 document
- Bank of Baroda — Service Charges
Retrieved 2026-08-20
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