Bandhan Bank Locker Charges – Fees, Security Deposit & More

Ravi, who lives in a small village, has just got a high-paying job in his nearest city. He has to move to a new city. He then realises that he has some gold jewellery worth ₹5,00,000 and some important documents that he cannot carry with him and that he can leave them in his village as he doesn’t have any secure place there, so he decides to rent a locker at Bandhan Bank.

Ravi visits his local Bandhan Bank branch and chooses to rent a small locker. He realises that it is a reasonable investment because he can safely store his valuables, and the cost is minimal for the peace of mind it offers.

This is an excellent option for Ravi and anyone who wants to keep their valuables secure but does not have the space or safety at home.

Types of Lockers Available at Bandhan Bank

Bandhan Bank offers different types of lockers to suit various needs. The kinds of available lockers at Bandhan Bank are typically categorised based on their size.

Small locker: This is ideal for individuals who need to store a limited number of documents, jewellery, or small valuables. It is the most affordable option. 

Semi-medium locker: The medium-sized locker offers more space for customers with a slightly more extensive collection of valuables. It is suitable for those who need to store more items, such as additional jewellery, more significant documents, or some precious things.

Medium locker: This type is designed for customers who need to store many valuables. It provides more room for large items, such as extensive 
jewellery collections, valuable collectables, or critical documents.

Large locker: The large locker is for customers with extensive storage needs, such as large inventories of valuables or important business documents.

Bandhan Bank Locker Charges 2025

Security Deposit & Locker Key Policy

1. Locker rent is charged annually and collected in advance.
   
   
2. The annual rent collected will not be refunded to the customer upon surrender.
   
   
3. Lockers shall be rented or hired to existing account holders only who are KYC compliant and have satisfactory operations in the account, excluding minors.
   
   
4. Allotment of lockers will be on a first-come, first-served basis based on application format, agreement, and other documents in line with regulatory guidelines and the bank's internal guidelines, as amended from time to time. 
   
   
5. The rent of the locker is indicative and may vary between branches in the exact/different locations.
   
   
6. For detailed terms and conditions, it may be advised to visit the nearest branch for details. 
   
   
7. When a customer surrenders a locker, the refund of rent, if any, shall be made for the unexpired period of the contract on a pro-rata monthly basis.

Eligibility Criteria & Required Documents for Bandhan Bank Locker

A locker can be rented jointly by an individual singly or by two or more individuals. Additionally, firms, limited companies, societies, associations, government departments, clubs, trusts, and similar entities can hire lockers.

For existing account holders, if the account is pending periodic KYC (Know Your Customer) updating, the customer must complete the KYC process when submitting the locker application. This ensures that the account meets the required regulatory standards.

However, lockers cannot be allotted to minors, whether they are renting the locker individually or jointly with others.

How to Apply for a Bandhan Bank Locker Online?

Step 1: Go to the official website of Bandhan Bank.

Step 2:  In the navbar, you will see a search option. Click on that.

Step 3: Search for “locker charges.”

Step 4: Scroll down, and you will see a button: “Talk to us.”

You can contact the bank’s customer care via the following methods if you need help with your Bandhan Bank locker:

Phone support:

• Call the toll-free numbers 1800 258 8181 or 033 4409 9090
• There is a button for “Get a callback.” Just click on it so that you can get a call from their side and ask your queries.

Email support:

• For locker-related queries, you can mail them at customercare@bandhanbank.com

How to Apply for a Bandhan Bank Locker Offline?

To apply for a locker at Bandhan Bank offline, you can follow these simple steps:

1. Visit the Nearest Bandhan Bank Branch:
   Head to the Bandhan Bank branch, where you would like to rent the locker.
   
   
2. Obtain the Application Form:
   Request the locker application form from a bank official at the branch.
   
   
3. Fill Out the Application Form:
   Carefully complete the form by providing all the details required by the bank.
   
   
4. Gather Required Documents:
   Along with the completed application form, bring any required documents (such as proof of identity, address, and KYC compliance).
   
   
5. Submit the Form and Documents:
   Submit your filled-out application form and documents to the bank official at the branch for further processing.

By following these steps, you can apply for a locker at Bandhan Bank and get all the necessary assistance from the branch staff to complete your application.

How to Surrender a Bandhan Bank Locker?

When a hirer wishes to surrender their locker, they must follow these steps:

1. Submit a Written Notice:
   The hirer must give the bank a written notice indicating their intention to surrender the locker.
   
   
2. Visit the Branch:
   Upon receiving the notice, the bank will ask the hirer to personally visit the branch to empty the locker and return the key.
   
   
3. Clear the Locker Contents:
   The hirer must remove all the locker contents and return the key to the bank official.
   
   
4. Pay Locker Rent (if not already paid):
   If the rent has not been fully paid, the hirer must pay the rent for the duration up until the date of surrender.
   
   
5. Sign up for the Locker Access Register:
   The hirer(s) must sign the Locker Access Register to confirm that they have accessed the locker and removed all contents.
   
   
6. Written Confirmation:
   After accessing the locker, the hirer(s) must provide a written confirmation stating:
   “I/we have today accessed my/our locker no. _____ and taken out all contents and emptied the locker.”
   This confirmation can be on a separate sheet or in the closure request. All hirers must sign this confirmation.
   
   

By following these steps, the locker surrender process is completed smoothly, ensuring that the hirer’s request is appropriately documented and the locker is secured for future use.

Conclusion

Bandhan Bank provides secure locker facilities for eligible customers, including individuals, joint holders, and businesses like firms, societies, and trusts. To rent a locker, customers must be KYC-compliant, and minors cannot rent lockers. The rent is charged annually and is non-refundable. However, if the locker is surrendered, customers may receive a refund for the unused portion of the rent on a pro-rata basis.

FAQ’s Related to Bandhan Bank Locker Charges

1. What cannot be stored in a Bank Locker?

The bank prohibited possessing, using, or transferring arms, weapons, explosives, drugs, and any contraband material. Additionally, any perishable or radioactive substances, as well as illegal items, are not allowed.

2. What is pro-rata?

Pro-rata is a Latin term that means "in proportion." When something is calculated on a pro-rata basis, it means that the amount is divided relatively based on the time or quantity used.

3. What are the charges associated with renting a locker at Bandhan Bank?

Locker charges at Bandhan Bank vary from ₹3,000 to ₹9,000, depending on the locker size and branch location.

4. What are the eligibility criteria to rent a locker at Bandhan Bank?

You must have a valid Bandhan Bank account be at least 18 years old and provide proof of address and proof of identity.