Andhra Bank Locker Charges Annual Fees and How to Open Locker


If you are a Andhra bank customer and would like to open a seucrity locker in bank then follow below simple process and also Andhra bank charges yearly locker charges based on the size of the locker that you take.

Andhra Bank Locker Charges

The locker rent is taken in advance for current year along with one year advance rent, which is not refundable. The locker rent depends upon the size of locker and the location of branch as indicated under as on 01.10.2015:

Annual Locker Rent Charges

Locker Type A in Metro Rs 1400, in Urban Rs 1200, in Semi-Urban Rs 1000, in Rural Areas Rs 900 per year.

Andhra Bank locker charges based on locker size and place like urban rural metro

Check below image for different size or locker types rates

Security Deposit:


The hirer is required to keep an amount as security by way of fixed deposit which shall be equivalent to the rent for the period of three years plus breaking open charges of the locker, in case of any eventuality.

Timings: The Hirer can operate the Safe Deposit Locker only on the Bank’s working days and during the business hours of the Bank. The timings of the Business
hours are displayed at each branch of bank.

Loss of Locker Key

If the key of the locker is lost by the hirer, the same should be immediately informed to the concerned branch in writing. In such an eventuality, the locker has to be break open and the Hirer (in case of joint hiring both/all of them) have to be present physically at the branch on the date fixed for break open.

In such cases of breaking open of the Lockers and replacement of locks, the cost of break open and replacement of the lock along with the extant of service charges will be recovered from the hirer (s).

How to Open Andhra Bank Locker

Documentation: locker can be hired by submitting the following documents:
1. KYC documents
2. Pass Port size Photograph
3. Current or Savings account
4. Security Deposit
5. Locker Agreement (stamp duty payable as per respective state/Union Territory
laws)

Andhra Bank Online Locker Booking:
After successful completion of locker booking through Online (www.andhrabank.in), customer has to visit the branch within two working days along with the required documents else the request will be get revoked.

Note: Penalty of 2.00% per month (24% per annum) will be levied on the amount of locker arrears for the delay in payment of locker rent, if delay is more than a
period of one month.

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