Bank of India Locker Charges Deposit Charges How to open Locker
Bank of India Locker Charges

Bank of India Locker Charges Deposit Charges How to open Locker and Other Details

If you are a Bank of India customer and would like to open a security deposit locker to safeguard your assets then see below how to open a deposit locker and price and size of the locker based on the area you live. Check below for Bank of India Locker Charges and other details.

Bank of India Locker Charges

Firstly, lets see how to open a safe deposit locker in Bank of India.

How to Open Bank of India Locker

Visit your home branch of BOI and fill an application to open a locker and submit then you need to pay 1 year rent as deposit charges for opening a locker. And you need below documents

1. KYC documents
2. Passport size Photograph
3. Current or Savings account
4. Security Deposit
5. Locker Agreement

BOI Locker Charges

Currently, bank of India has 11 types of safe deposit lockers and the Locker price charges vary based on the branch location, see below.

Annual Locker Rent Charges:

SizeMetroUrbanSemi Urban/
Type ARs 1100Rs 1100Rs 900
Type BRs 1300Rs 1300Rs 1000
Type CRs 2600Rs 2600Rs 1700
Type DRs 2500Rs 2500Rs 1500
Type ERs 2800Rs 2800Rs 2200
Type FRs 6000Rs 6000Rs 5000
Type GRs 6000Rs 6000Rs 5000
Type HRs 6000Rs 6000Rs 5000
Type H1Rs 2800Rs 2800Rs 1800
Type LRs 8000Rs 8000Rs 7000
Type L1Rs 8000Rs 8000Rs 7000

Note: If you paying advance for 2 years or more then you get 10% discount.

Important: For Bank of India Staff/Employees locker charges will be less than normal customers.

Bank of India Locker Charges Deposit Charges How to open Locker

Bank of India Free Locker Visits

In one year you can visit your BOI locker 12 times for free.

After 12 free visits are completed than Rs 100 is charged for each visit to the locker.

Bank of India Locker Visit Timings

The Hirer can operate the Safe Deposit Locker only on Bank’s working days and during business hours.

Lost BOI Locker Keys

If you have lost your BOI safe deposit locker keys then immediately report to BOI branch.

For Loss of key / Drill Rs 750 is charged + Actual Charges

Locker Penal Charges for overdue rent:

Upto first quarter: 10% of annual rent.
Upto two quarters: 25%
Upto three quarters: 40%
Upto four quarters: 50%.

More than one year then 100% of annual rent.