SharpScrollINDIA

Bank Charge Guide

Locker charges

Review locker charges only where the bank's official source supports the amount and context shown.

13 checked rules7 banks covered
Interactive Tariff ExplorerVerified 2026 Rates

Compare Safe Deposit Locker Charges

Filter annual locker rent by box size and branch centre category across major public and private banks.

Bank of Baroda

Bank of Baroda

Public Sector Bank

VERIFIED

A — Metro/Urban

₹1,770/ year

A — Semi-Urban/Rural

₹1,062/ year

B — Metro/Urban

₹2,360/ year

B — Semi-Urban/Rural

₹1,180/ year

D — Metro/Urban

₹3,304/ year

+ 15 more size slabs

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.Source
Bank of India

Bank of India

Public Sector Bank

VERIFIED

Small Box (10x10x10 cm)

₹1,062/ year

Medium Box (20x20x20 cm)

₹2,124/ year

Large Box (30x30x30 cm)

₹3,186/ year
Bank of India safe deposit lockers. Advance annual collection.Source
Bank of Maharashtra

Bank of Maharashtra

Public Sector Bank

VERIFIED

A — Metro/Urban

₹2,360/ year

A — Rural/SU

₹1,770/ year

B — Metro/Urban

₹3,540/ year

B — Rural/SU

₹2,360/ year

C — Metro/Urban

₹4,720/ year

+ 20 more size slabs

Annual locker rent; current tariff also contains free-current-account overlays, 12 free visits then Rs100/visit, key-loss actual expenses + Rs2000 admin, 25% staff/ex-staff concession, and arrears penalty. Those are separate rules/overlays rather than embedded into this base rent matrix.Source
Canara Bank

Canara Bank

Public Sector Bank

VERIFIED
No rates matching current size/location filter.
Canara Bank safe deposit locker holders who lose a locker key. The page adds the actual break-open and replacement cost on top of this charge and does not quantify it, so only the flat element is stored as the figure. GST is additional.Source
Canara Bank

Canara Bank

Public Sector Bank

VERIFIED
No rates matching current size/location filter.
Canara Bank safe deposit locker holders. GST is additional.Source
Canara Bank

Canara Bank

Public Sector Bank

VERIFIED
No rates matching current size/location filter.
Canara Bank safe deposit locker holders; one-time registration charge. GST is additional.Source
Canara Bank

Canara Bank

Public Sector Bank

VERIFIED

Small

₹2,360/ year

Medium

₹4,720/ year

Large

₹8,260/ year

Very Large

₹11,800/ year
Canara Bank safe deposit lockers at Metro branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.Source
Canara Bank

Canara Bank

Public Sector Bank

VERIFIED

Small

₹1,180/ year

Medium

₹2,360/ year

Large

₹4,720/ year

Very Large

₹7,080/ year
Canara Bank safe deposit lockers at Rural branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.Source
Canara Bank

Canara Bank

Public Sector Bank

VERIFIED

Small

₹1,770/ year

Medium

₹3,540/ year

Large

₹7,080/ year

Very Large

₹9,440/ year
Canara Bank safe deposit lockers at Urban and Semi-Urban branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.Source
Indian Overseas Bank

Indian Overseas Bank

Public Sector Bank

VERIFIED

Type A — Rural/Semi Urban

₹1,770/ year

Type A — Urban/Metro

₹2,360/ year

Type B — Rural/Semi Urban

₹2,360/ year

Type B — Urban/Metro

₹2,950/ year

Type C — Rural/Semi Urban

₹3,540/ year

+ 21 more size slabs

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.Source
Indian Overseas Bank

Indian Overseas Bank

Public Sector Bank

VERIFIED

Type A — Rural/Semi Urban

₹1,180/ year

Type A — Urban/Metro

₹1,416/ year

Type B — Rural/Semi Urban

₹1,298/ year

Type B — Urban/Metro

₹1,652/ year

Type C — Rural/Semi Urban

₹1,416/ year

+ 21 more size slabs

IOB Staff/Ex-Staff annual locker rent, charged annually in advance.Source
Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited

Private Bank

VERIFIED

Category D (Smallest)

All Branches

₹1,180/ year

Category C (Small)

All Branches

₹2,596/ year

Category B (Medium)

All Branches

₹2,950/ year

Category A (Large)

All Branches

₹3,894/ year

Category A+ (Extra Large)

All Branches

₹4,956/ year
Safe Deposit Lockers at Kotak Mahindra Bank branches. Rent collected annually in advance.Source
Punjab National Bank

Punjab National Bank

Public Sector Bank

VERIFIED

Small

Rural

₹1,180/ year

Small

Semi-Urban

₹1,770/ year

Small

Urban / Metro

₹2,360/ year

Medium

Rural

₹2,950/ year

Medium

Semi-Urban

₹3,540/ year

+ 10 more size slabs

Applies to all Punjab National Bank safe deposit locker holders. Delayed payment attracts penalty.Source
Important Safe Deposit Locker Rules (RBI Framework)
  • Advance Collection: Locker rent is billed annually in advance at the start of the financial year.
  • Free Visits: Most banks provide 12 to 24 free locker visits per year (excess visits charged at ₹100 + GST).
  • Bank Liability: Under RBI guidelines, bank liability for theft/fire/burglary is capped at 100× the annual locker rent.

Verified Locker Rules by Bank

Amounts, trigger criteria, GST treatment, and official source links for each bank account.

Run 60s Bank Fee Audit →
Bank of Baroda
Bank of Baroda

Retail Banking Service Charges

CHECKED
Locker charge

Branch

A — Metro/Urban: ₹1,500.00 · A — Semi-Urban/Rural: ₹900.00 · B — Metro/Urban: ₹2,000.00 · B — Semi-Urban/Rural: ₹1,000.00 · D — Metro/Urban: ₹2,800.00 · D — Semi-Urban/Rural: ₹1,500.00 · C — Metro/Urban: ₹3,000.00 · C — Semi-Urban/Rural: ₹1,700.00 · E/H-1 — Metro/Urban: ₹4,000.00 · E/H-1 — Semi-Urban/Rural: ₹2,200.00 · G — Metro/Urban: ₹7,000.00 · G — Semi-Urban/Rural: ₹5,500.00 · F — Metro/Urban: ₹7,000.00 · F — Semi-Urban/Rural: ₹5,500.00 · H — Metro/Urban: ₹7,000.00 · H — Semi-Urban/Rural: ₹5,500.00 · L1 — Metro/Urban: ₹10,000.00 · L1 — Semi-Urban/Rural: ₹8,000.00 · L — Metro/Urban: ₹10,000.00 · L — Semi-Urban/Rural: ₹8,000.00

Verified 20 Aug 2026Official source

When this charge applies

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.

Official source (HTML)

Checked 2026-08-20 · Effective 2019-06-20

Bank of India
Bank of India

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Small Box (10x10x10 cm): ₹900.00 · Medium Box (20x20x20 cm): ₹1,800.00 · Large Box (30x30x30 cm): ₹2,700.00

Verified 25 Aug 2026Official source

When this charge applies

Bank of India safe deposit lockers. Advance annual collection.

Official source (HTML)

Checked 2026-08-25 · Effective 2026-01-01

Bank of Maharashtra
Bank of Maharashtra

Retail Banking Service Charges

CHECKED
Locker charge

Branch

A — Metro/Urban: ₹2,000.00 · A — Rural/SU: ₹1,500.00 · B — Metro/Urban: ₹3,000.00 · B — Rural/SU: ₹2,000.00 · C — Metro/Urban: ₹4,000.00 · C — Rural/SU: ₹3,000.00 · D — Metro/Urban: ₹4,500.00 · D — Rural/SU: ₹3,500.00 · E — Metro/Urban: ₹5,500.00 · E — Rural/SU: ₹4,000.00 · H1 — Metro/Urban: ₹6,500.00 · H1 — Rural/SU: ₹4,000.00 · F — Metro/Urban: ₹8,000.00 · F — Rural/SU: ₹6,000.00 · G — Metro/Urban: ₹8,000.00 · G — Rural/SU: ₹6,000.00 · H — Metro/Urban: ₹8,500.00 · H — Rural/SU: ₹6,500.00 · L — Metro/Urban: ₹12,000.00 · L — Rural/SU: ₹9,000.00 · K — Metro/Urban: ₹12,000.00 · K — Rural/SU: ₹9,000.00 · AV-S — Metro: ₹30,000.00 · AV-M — Metro: ₹40,000.00 · AV-L — Metro: ₹55,000.00

Verified 9 Aug 2026Official source

When this charge applies

Annual locker rent; current tariff also contains free-current-account overlays, 12 free visits then Rs100/visit, key-loss actual expenses + Rs2000 admin, 25% staff/ex-staff concession, and arrears penalty. Those are separate rules/overlays rather than embedded into this base rent matrix.

Official source (HTML)

Checked 2026-08-09 · Effective 2026-02-01

Canara Bank
Canara Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

₹1,000.00

Verified 5 Sept 2026Official source

When this charge applies

Canara Bank safe deposit locker holders who lose a locker key. The page adds the actual break-open and replacement cost on top of this charge and does not quantify it, so only the flat element is stored as the figure. GST is additional.

Official source (HTML)

Checked 2026-09-05

Canara Bank
Canara Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Twelve locker operations free per year; Rs 100 per operation thereafter (₹100.00 per locker operation after 12 free)

Verified 5 Sept 2026Official source

When this charge applies

Canara Bank safe deposit locker holders. GST is additional.

Official source (HTML)

Checked 2026-09-05

Canara Bank
Canara Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

₹400.00

Verified 5 Sept 2026Official source

When this charge applies

Canara Bank safe deposit locker holders; one-time registration charge. GST is additional.

Possible waiver or exception

Staff and ex-staff are exempt.

Official source (HTML)

Checked 2026-09-05

Canara Bank
Canara Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Small: ₹2,000.00 · Medium: ₹4,000.00 · Large: ₹7,000.00 · Very Large: ₹10,000.00

Verified 5 Sept 2026Official source

When this charge applies

Canara Bank safe deposit lockers at Metro branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.

Official source (HTML)

Checked 2026-09-05

Canara Bank
Canara Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Small: ₹1,000.00 · Medium: ₹2,000.00 · Large: ₹4,000.00 · Very Large: ₹6,000.00

Verified 5 Sept 2026Official source

When this charge applies

Canara Bank safe deposit lockers at Rural branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.

Official source (HTML)

Checked 2026-09-05

Canara Bank
Canara Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Small: ₹1,500.00 · Medium: ₹3,000.00 · Large: ₹6,000.00 · Very Large: ₹8,000.00

Verified 5 Sept 2026Official source

When this charge applies

Canara Bank safe deposit lockers at Urban and Semi-Urban branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.

Official source (HTML)

Checked 2026-09-05

Indian Overseas Bank
Indian Overseas Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Type A — Rural/Semi Urban: ₹1,500.00 · Type A — Urban/Metro: ₹2,000.00 · Type B — Rural/Semi Urban: ₹2,000.00 · Type B — Urban/Metro: ₹2,500.00 · Type C — Rural/Semi Urban: ₹3,000.00 · Type C — Urban/Metro: ₹3,500.00 · Type D — Rural/Semi Urban: ₹3,200.00 · Type D — Urban/Metro: ₹4,000.00 · Type E — Rural/Semi Urban: ₹4,000.00 · Type E — Urban/Metro: ₹4,500.00 · Type F — Rural/Semi Urban: ₹5,000.00 · Type F — Urban/Metro: ₹6,500.00 · Type G — Rural/Semi Urban: ₹5,500.00 · Type G — Urban/Metro: ₹8,000.00 · Type H — Rural/Semi Urban: ₹6,000.00 · Type H — Urban/Metro: ₹9,000.00 · Type H1 — Rural/Semi Urban: ₹4,000.00 · Type H1 — Urban/Metro: ₹5,000.00 · Type K — Rural/Semi Urban: ₹5,200.00 · Type K — Urban/Metro: ₹9,000.00 · Type L — Rural/Semi Urban: ₹8,000.00 · Type L — Urban/Metro: ₹10,000.00 · Type L1 — Rural/Semi Urban: ₹8,000.00 · Type L1 — Urban/Metro: ₹10,000.00 · Type L2 — Rural/Semi Urban: ₹5,000.00 · Type L2 — Urban/Metro: ₹9,200.00

Verified 9 Aug 2026Official source

When this charge applies

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.

Official source (PDF)

Checked 2026-08-09 · Effective 2026-04-01

Indian Overseas Bank
Indian Overseas Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Type A — Rural/Semi Urban: ₹1,000.00 · Type A — Urban/Metro: ₹1,200.00 · Type B — Rural/Semi Urban: ₹1,100.00 · Type B — Urban/Metro: ₹1,400.00 · Type C — Rural/Semi Urban: ₹1,200.00 · Type C — Urban/Metro: ₹1,700.00 · Type D — Rural/Semi Urban: ₹1,400.00 · Type D — Urban/Metro: ₹1,800.00 · Type E — Rural/Semi Urban: ₹1,600.00 · Type E — Urban/Metro: ₹2,200.00 · Type F — Rural/Semi Urban: ₹2,000.00 · Type F — Urban/Metro: ₹2,800.00 · Type G — Rural/Semi Urban: ₹2,100.00 · Type G — Urban/Metro: ₹2,800.00 · Type H — Rural/Semi Urban: ₹3,000.00 · Type H — Urban/Metro: ₹4,600.00 · Type H1 — Rural/Semi Urban: ₹1,600.00 · Type H1 — Urban/Metro: ₹2,000.00 · Type K — Rural/Semi Urban: ₹3,700.00 · Type K — Urban/Metro: ₹5,700.00 · Type L — Rural/Semi Urban: ₹3,600.00 · Type L — Urban/Metro: ₹5,600.00 · Type L1 — Rural/Semi Urban: ₹3,200.00 · Type L1 — Urban/Metro: ₹4,900.00 · Type L2 — Rural/Semi Urban: ₹3,500.00 · Type L2 — Urban/Metro: ₹5,500.00

Verified 9 Aug 2026Official source

When this charge applies

IOB Staff/Ex-Staff annual locker rent, charged annually in advance.

Official source (PDF)

Checked 2026-08-09 · Effective 2026-04-01

Kotak Mahindra Bank Limited
Kotak Mahindra Bank Limited

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Category D (Smallest): ₹1,000.00 · Category C (Small): ₹2,200.00 · Category B (Medium): ₹2,500.00 · Category A (Large): ₹3,300.00 · Category A+ (Extra Large): ₹4,200.00

Verified 25 Aug 2026Official source

When this charge applies

Safe Deposit Lockers at Kotak Mahindra Bank branches. Rent collected annually in advance.

Official source (HTML)

Checked 2026-08-25 · Effective 2026-03-01

Punjab National Bank
Punjab National Bank

Retail Banking Service Charges

CHECKED
Locker charge

Branch

Small: ₹1,000.00 · Small: ₹1,500.00 · Small: ₹2,000.00 · Medium: ₹2,500.00 · Medium: ₹3,000.00 · Medium: ₹4,000.00 · Large: ₹4,000.00 · Large: ₹5,000.00 · Large: ₹6,500.00 · Very Large: ₹6,000.00 · Very Large: ₹7,000.00 · Very Large: ₹8,500.00 · Extra Large: ₹10,000.00 · Extra Large: ₹10,500.00 · Extra Large: ₹11,000.00

Verified 25 Aug 2026Official source

When this charge applies

Applies to all Punjab National Bank safe deposit locker holders. Delayed payment attracts penalty.

Official source (HTML)

Checked 2026-08-25 · Effective 2025-10-01

Official Tariff Guarantee

Every figure on this page is retrieved directly from official Schedule of Charges documents and RBI circulars. No bank can pay to alter, suppress, or enhance fee ratings on SharpScroll.

Frequently Asked Questions (Locker charges)

What is the standard charge for locker charges across Indian banks?

Charges for locker charges depend on the bank, account variant, channel (online vs branch), and transaction amount tier. In addition, 18% GST is added unless an official zero-rate policy applies.

Can I get a waiver or refund for locker charges?

Waivers depend on meeting required account balance criteria, using digital banking channels (NEFT/RTGS/UPI), or submitting a dispute if debited wrongfully.

How do I avoid paying locker charges altogether?

You can often reduce locker charges by transacting online rather than at a branch, keeping the balance your account tier requires, or asking your bank which debit card variants carry no annual charge. Compare published charges before switching accounts.