SBI Locker Charges

Currently SBI has 11 types of Safe Deposit Lockers in terms of Size and price varies based on the locker size and location like Metro, Urban or Semi-Urban, Rural.

SBI Safe Deposit Lockers

SBI Small Deposit Locker

Available in 2 sizes
Size A – 125 X 175 x 492
Size B – 159 X 210 X 492

Charges for Size A and Size B SBI Small Deposit Lockers in Metro and Urban Areas is Rs 2000 + GST Annually and in Semi Urban and Rural Rs 1500 + GST + Taxes.

SBI Medium Locker

Medium Deposit locker is available in 4 sizes

Size C – 125 X 352 X 492
Size D – 189 X 263 X 492
Size E – 159 X 423 X 492
Size H1 – 325 X 210 X 492

Charges for above Medium SBI locker in Metro and Urban Areas is Rs 4000 + GST and in Semi Urban Districts and Rural is Rs 3000 + GST.

SBI Large Deposit Locker Size and Charges

SBI has 3 large deposit lockers and below are its dimension and size
Size F – 278 X 352 X 492
Size G – 189 X 529 X 492
Size H – 325 X 423 X 492

Charges are RS 8000 + GST in Metro and Urban and Rs 6000 + GST in Semi Urban and Rural Areas.

Extra Large SBI Locker

Available in 2 dimensions

Size L 404 X 529 X 492

Size L1 385 X 529 X 492

Charges are Rs 12000 + GST in Metro and Urban Areas and Rs 9000 + GST in Semi-Urban districts or Rural places.

Note: Above mentioned security deposit lockers charges are applied annually or yearly.

How many Times you can Visit Lockers

Yearly you can have free 12 Locker visits to the SBI Branch and after 12 visits you will be charged Rs.100 + GST per every visit.

SBI Loss of Locker Key

What to do in case if you have lost your SBI Deposit locker key?

In case of loss of key of the lockers, a service charge of Rs 10000 + ST will be charged and expenditure incurred in breaking open the locker and changing of key by the manufacturer of lockers.

One Time Locker Registration Charges is Rs 500 + GST for Small/ Medium Lockers and for Large/Extra Large lockers Rs 1000+GST.

Locker Rent Overdue Charges are applicable based on the annual rent.

SBI Locker Discount

For Salary Package Accounts and Platinum variant Accounts, you will get 25% concession on locker Rent.

For Diamond variant Accounts then 15% concession on Locker Rent.

The post SBI Locker Charges Security Deposit Service Charges and Annual Fee Charges appeared first on TechAccent.

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.

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.

The post Andhra Bank Locker Charges Annual Fees and How to Open Locker appeared first on TechAccent.