Indian Overseas Bank · 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.
LOCKER RENT on your Indian Overseas Bank 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 Indian Overseas Bank — Revision of Service Charges 2026 on 2026-08-09.
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 GST2 rules · rate table, conditions and waiver
Retail Banking Service Charges · Branch
Locker type and branch-location category — Public customer
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Type A — Rural/Semi Urban | ₹1,500 | ₹1,770 |
| Type A — Urban/Metro | ₹2,000 | ₹2,360 |
| Type B — Rural/Semi Urban | ₹2,000 | ₹2,360 |
| Type B — Urban/Metro | ₹2,500 | ₹2,950 |
| Type C — Rural/Semi Urban | ₹3,000 | ₹3,540 |
| Type C — Urban/Metro | ₹3,500 | ₹4,130 |
| Type D — Rural/Semi Urban | ₹3,200 | ₹3,776 |
| Type D — Urban/Metro | ₹4,000 | ₹4,720 |
| Type E — Rural/Semi Urban | ₹4,000 | ₹4,720 |
| Type E — Urban/Metro | ₹4,500 | ₹5,310 |
| Type F — Rural/Semi Urban | ₹5,000 | ₹5,900 |
| Type F — Urban/Metro | ₹6,500 | ₹7,670 |
| Type G — Rural/Semi Urban | ₹5,500 | ₹6,490 |
| Type G — Urban/Metro | ₹8,000 | ₹9,440 |
| Type H — Rural/Semi Urban | ₹6,000 | ₹7,080 |
| Type H — Urban/Metro | ₹9,000 | ₹10,620 |
| Type H1 — Rural/Semi Urban | ₹4,000 | ₹4,720 |
| Type H1 — Urban/Metro | ₹5,000 | ₹5,900 |
| Type K — Rural/Semi Urban | ₹5,200 | ₹6,136 |
| Type K — Urban/Metro | ₹9,000 | ₹10,620 |
| Type L — Rural/Semi Urban | ₹8,000 | ₹9,440 |
| Type L — Urban/Metro | ₹10,000 | ₹11,800 |
| Type L1 — Rural/Semi Urban | ₹8,000 | ₹9,440 |
| Type L1 — Urban/Metro | ₹10,000 | ₹11,800 |
| Type L2 — Rural/Semi Urban | ₹5,000 | ₹5,900 |
| Type L2 — Urban/Metro | ₹9,200 | ₹10,856 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Public-customer annual locker rent, charged annually in advance. Source states the rent cycle is October–September and collected on 1 October. Separate product-specific locker-rent concessions exist and are not baked into this base matrix.
Retail Banking Service Charges · Branch
Locker type and branch-location category — Staff/Ex-Staff
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Type A — Rural/Semi Urban | ₹1,000 | ₹1,180 |
| Type A — Urban/Metro | ₹1,200 | ₹1,416 |
| Type B — Rural/Semi Urban | ₹1,100 | ₹1,298 |
| Type B — Urban/Metro | ₹1,400 | ₹1,652 |
| Type C — Rural/Semi Urban | ₹1,200 | ₹1,416 |
| Type C — Urban/Metro | ₹1,700 | ₹2,006 |
| Type D — Rural/Semi Urban | ₹1,400 | ₹1,652 |
| Type D — Urban/Metro | ₹1,800 | ₹2,124 |
| Type E — Rural/Semi Urban | ₹1,600 | ₹1,888 |
| Type E — Urban/Metro | ₹2,200 | ₹2,596 |
| Type F — Rural/Semi Urban | ₹2,000 | ₹2,360 |
| Type F — Urban/Metro | ₹2,800 | ₹3,304 |
| Type G — Rural/Semi Urban | ₹2,100 | ₹2,478 |
| Type G — Urban/Metro | ₹2,800 | ₹3,304 |
| Type H — Rural/Semi Urban | ₹3,000 | ₹3,540 |
| Type H — Urban/Metro | ₹4,600 | ₹5,428 |
| Type H1 — Rural/Semi Urban | ₹1,600 | ₹1,888 |
| Type H1 — Urban/Metro | ₹2,000 | ₹2,360 |
| Type K — Rural/Semi Urban | ₹3,700 | ₹4,366 |
| Type K — Urban/Metro | ₹5,700 | ₹6,726 |
| Type L — Rural/Semi Urban | ₹3,600 | ₹4,248 |
| Type L — Urban/Metro | ₹5,600 | ₹6,608 |
| Type L1 — Rural/Semi Urban | ₹3,200 | ₹3,776 |
| Type L1 — Urban/Metro | ₹4,900 | ₹5,782 |
| Type L2 — Rural/Semi Urban | ₹3,500 | ₹4,130 |
| Type L2 — Urban/Metro | ₹5,500 | ₹6,490 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: IOB Staff/Ex-Staff annual locker rent, charged annually in advance.
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
- Indian Overseas Bank — Revision of Service Charges 2026
Retrieved 2026-08-09
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