Useful tips

What is safe deposit locker in SBI?

What is safe deposit locker in SBI?

For the safety of your valuables, we offer safe deposit locker facility at a large number of our branches. There is a nominal annual rent, which depends on the size of the locker and the centre at which the branch is located. The rent is payable in advance for the Financial Year.

What is the procedure to get locker in SBI?

Follow the steps below for the same:

  1. Visit the official website of SBI and sign in to your net banking account using the required credentials.
  2. Click on e-Services > Online Locker.
  3. Now confirm your state, district, pin code and click on ‘Submit’

Is FD mandatory for locker in SBI?

SBI charges ₹500 plus GST for small and medium lockers and ₹1,000 plus GST for medium and large lockers. Some banks could also ask you to open an FD or invest in an Ulip to avail the locker service, but know that this is against RBI regulations. Locker keys. Every bank locker comes with two keys but you get only one.

How much does bank charges for locker?

Renting a bank locker depends on its size and the bank branch you opt for. For example, the State Bank of India (SBI) charges ₹1,500 plus GST annually for a small-sized locker (125x175x492cm) in urban and metro areas, whereas in rural areas the same locker costs ₹1,000 plus GST.

How much is locker charge in SBI Bank?

SBI bank locker charges changed: Pay more for small, medium, large safe deposits! The rate hike is about 33% across all SBI branches. Depending on the size of the locker and the city, a customer will be required to pay higher locker charges, which will range from Rs 500 to Rs 3,000.

Which is the best bank for safe deposit locker in India?

The applicant may have to open a bank account in the branch before being allowed to apply for a locker. The country’s top lender State Bank of India (SBI) had hiked rental charges for its safe deposit lockers across India effective 31 March. SBI branches offer cheaper locker services in semi-urban and rural areas.

Can a bank open an account holder locker in India?

The Reserve Bank of India ( RBI) allows banks to open an account holder locker if he/she has not operated it at all in a year. However, banks need to send the account holder a notice asking to either operate the locker or surrender it.

What do I need to get a SBI safe deposit locker?

Please speak with your local branch for full terms and conditions on hiring an SBI UK safe deposit, including minimum balance requirements. The Bank will require two passport size photos from the Hirer/s for security and identification purposes. SBI UK safe deposit locker annual fees are paid in advance.