Kotak Mahindra Bank Limited · 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.
- Category D (Smallest) · All Branches
- Kotak Mahindra Bank changed this page on 5 October 2026; this figure hasn't been re-confirmed since. Check the official page ↗
Category D (Smallest) · All Branches, ₹1,000 + 18% GST
From Kotak Mahindra Bank — General Schedule of Features and Charges (Safe Deposit Lockers)
Verified
- ₹1,000 + 18% GST
- Category C (Small) · All Branches
- Kotak Mahindra Bank changed this page on 5 October 2026; this figure hasn't been re-confirmed since. Check the official page ↗
Category C (Small) · All Branches, ₹2,200 + 18% GST
From Kotak Mahindra Bank — General Schedule of Features and Charges (Safe Deposit Lockers)
Verified
- ₹2,200 + 18% GST
LOCKER RENT on your Kotak Mahindra Bank Limited 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 ranges based on locker category (A+ to D) effective March 1, 2026. Indicated rentals exclude applicable GST (18%).
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Category D (Smallest) · All Branches | ₹1,000 | ₹1,180 |
| Category C (Small) · All Branches | ₹2,200 | ₹2,596 |
| Category B (Medium) · All Branches | ₹2,500 | ₹2,950 |
| Category A (Large) · All Branches | ₹3,300 | ₹3,894 |
| Category A+ (Extra Large) · All Branches | ₹4,200 | ₹4,956 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Safe Deposit Lockers at Kotak Mahindra Bank branches. Rent collected 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.
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Official source1 document
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