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Darshana Patel
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Canara Bank locker charges vary from one size to another. It also depends on the location, such as metro cities, urban areas, or rural areas. These lockers are mainly used for keeping valuable things in them for security reasons.
Key takeaways:
Also Read: Canara Bank Account Statement – How to Download & Check
Canara Bank provides the locker facility to its customers for keeping their valuable items safely in it. These items can be in the form of documents, jewellery, etc. In return, the bank charges certain fees for providing this security for their items.
These charges are different according to the bank locations, locker size, and how long you are keeping these valuable things. Canara Bank ensures the security of customers and their valuable items. It also takes a registration fee of around ₹400 with applicable GST, which is a one-time demand from Canara Bank.
There are several benefits of depositing valuable things into a Canara Bank locker in terms of security, variety, nominations, etc.
Here are the benefits of a Canara Bank locker:
These are the main benefits of the Canara Bank locker.
Certain core features of the Canara Bank locker make this facility more essential and worthwhile to the customers.
Here are the core features of the Canara Bank lockers:
Hence, these are the main features of the Canara Bank locker facility.
Also Read: Canara Bank Account Number: Format, Details & Guide
The Canara Bank locker charges differ according to their size, type, and place. It is the customer’s choice which one they select.
Here is the detailed table explaining the Canara Bank locker charges:
A one-time registration charge of ₹400 plus applicable GST is mandatory to pay to the bank.
There are certain penal charges applied if one fails to pay the locker rent on time, which are as follows:
*T&C Apply
Hence, these are the Canara Bank locker charges with penal charges if one fails to pay rent on time.
Canara Bank applies the following safe custody charges according to the applicable features/particulars, which are as follows:
Hence, these are the safe custody charges that Canara Bank applies.
These charges are applied under the names of locker security deposit, loss of locker key, and service charges for operations.
Here are the charges applied by the bank:
Hence, these are the other charges that a bank can apply if you fall under the conditions mentioned in the table.
Bottom line:
Canara Bank provides the locker facility to registered customers with multiple benefits. These lockers are of different sizes, at different locations, and for different tenures. All these are chosen by the customers according to their preferences.
FAQs
Yes, Canara Bank provides various options to customers, facilitating locker facilities to secure their valuable items.
The main reason for this is that a house is not secure, especially for valuable items, 24/7. To mitigate this stress, banks are providing the facility to keep these valuable things, like jewellery, documents, etc., with 24/7 security.
Canara Bank provides 4 types of lockers: small, medium, large, and very large.
Canara Bank applies service charges for locker operation, locker security deposit charges, and loss of locker key charges if you trigger the conditions for any of these.
Yes, Canara Bank does apply penal charges on the customer only if they are late to pay the rent for their locker to the bank.
₹400 plus applicable GST is the one-time registration fee one needs to submit to Canara Bank.
Yes, Canara Bank is a government bank.
₹1,500 is the Canara Bank locker charge for small lockers in a semi-urban area.
Shri Brajesh Kumar Singh is the CEO of Canara Bank.
Canara Bank provides an online facility for blocking available safe deposit lockers.
