If you use a bank locker, then this news is for you. Many major banks of the country have changed the locker charges from November. After the new change, the locker rent has increased.
Let us tell you that the locker rent depends on its size and branch location (metro, urban, semi-urban, rural). Apart from this, you also have to pay registration charge and 18 percent GST for the locker. The bank gives you free visits within a fixed limit in a year, after the limit you have to pay a separate charge + GST for each visit.
There is a limit on free visits
The registration and free visit limits may vary in different banks. Bank lockers have their own advantages, where you can keep your valuables safe. This is the reason why there is a huge demand for lockers in metro and urban locations. Let us know which bank is charging how much for a locker right now.
State Bank of India
The country’s largest public sector bank – SBI is giving its customers small size lockers at Rs 2000, medium size lockers at Rs 4000, large size lockers at Rs 8000 and extra large size lockers at Rs 12,000 per year on rent in metro and urban locations. Apart from this, the bank is giving small size lockers at Rs 1500, medium size lockers at Rs 3000, large size lockers at Rs 6000 and extra large size lockers at Rs 9000 per year on rent in semi-urban and rural locations.
Punjab National Bank
Public sector Punjab National Bank (PNB) is offering its customers in urban and metro locations small size lockers at an annual rent of Rs 2000, medium size lockers at Rs 3500, large size lockers at Rs 5500, very large size lockers at Rs 8000 and extra large size lockers at Rs 10,000.
