Bank of India · 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.
- Small Box (10x10x10 cm)
Small Box (10x10x10 cm), ₹900 + 18% GST
From Bank of India — Revised Schedule of Service Charges (Lockers & Remittances)
Verified
- ₹900 + 18% GST
- Medium Box (20x20x20 cm)
Medium Box (20x20x20 cm), ₹1,800 + 18% GST
From Bank of India — Revised Schedule of Service Charges (Lockers & Remittances)
Verified
- ₹1,800 + 18% GST
LOCKER RENT on your Bank of India 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.
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
Annual locker rental charges based on safe deposit box dimensions (Small Rs900, Medium Rs1,800, Large Rs2,700). Applicable GST extra.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Small Box (10x10x10 cm) | ₹900 | ₹1,062 |
| Medium Box (20x20x20 cm) | ₹1,800 | ₹2,124 |
| Large Box (30x30x30 cm) | ₹2,700 | ₹3,186 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Bank of India safe deposit lockers. Advance annual collection.
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 India — Revised Schedule of Service Charges (Lockers & Remittances)
Retrieved 2026-08-25
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