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Imagine Priya, a working professional who frequently travels for business. She owns valuable jewellery and important documents but worries about their safety at home. To secure them, she rents a small locker at a metro branch of the Central Bank of India, paying an annual rent of ₹2,000. She enjoys 12 free visits annually, ensuring easy access without extra charges.
Now, what if Priya delays her payment by 6 months? She could face additional penalties, making her locker rental more expensive. By staying informed and paying on time, Priya avoids extra fees and ensures her valuables remain safe.
This guide will help you understand everything about the Central Bank of India’s locker facilities, including available sizes, updated charges for 2025, security deposits, and how to apply.
The Central Bank of India caters to diverse customer needs by offering a range of locker sizes. These sizes are designed to accommodate various storage requirements, ensuring customers can select a locker that best fits their valuables. The available locker sizes are categorised as follows:
Each locker size is associated with specific dimensions and annual rental charges, which vary based on the branch's location—rural, semi-urban, urban, or metropolitan areas.
The annual rental charges for lockers at the Central Bank of India are determined by the locker's size and the branch's geographical location. Below is a detailed breakdown of the locker charges for 2025:
Category of Locker | Locker Size | Metro | Urban/Semi-Urban | Rural |
Note: The above charges are indicative and subject to change. Customers are advised to contact their nearest Central Bank of India branch for the most accurate and updated information.
Read More – Central Bank of India Statement
One-Time Registration Fee
Free Locker Visits & Extra Charges
Late payment of locker rent incurs penalties
Delay Period | Penalty |
1st Quarter (up to 3 months) | 10% of annual rent |
2nd Quarter (up to 6 months) | 25% of annual rent |
Security Deposit & Locker Key Policy
Security Deposit
A
Small |
2000 |
1600 |
1100 |
B | Small | 2500 | 2100 | 1500 |
C | Medium | 4000 | 3000 | 2000 |
D | Medium | 4000 | 3000 | 2000 |
H-1/E | Medium | 5000 | 4000 | 3000 |
F/G | Large | 7000 | 6000 | 4500 |
H/L-1 | Ex-Large | 9000 | 8000 | 6000 |
L | Ex-Large | 11000 | 10000 | 8000 |
3rd Quarter (up to 9 months)
40% of annual rent |
4th Quarter (up to 12 months) | 50% of annual rent |
More than 1 year | 100% of annual rent |
*T&C Apply
Locker Size | Metro (₹) | Urban/Semi-Urban (₹) | Rural (₹) |
Small | 12,000 | 10,000 | 8,000 |
Medium | 15,000 | 14,000 | 10,000 |
Large | 20,000 | 20,000 | 15,000 |
Extra-Large | 25,000 | 25,000 | 20,000 |
Note: These figures are indicative and may vary across branches.
Locker Key Policy
To avail of the locker facility at the Central Bank of India, customers must meet certain eligibility criteria and provide specific documentation:
Eligibility Criteria:
Required Documents:
Applying for a locker at the Central Bank of India is a straightforward process. Prospective customers can choose between online and offline application methods:
Offline Application Process:
Locker Allotment: Upon successful verification and payment, the bank will allot the locker and provide the key to the customer.
Online Application Process:
Note: Online application facilities may be subject to regional availability. It is advisable to contact the branch or refer to the official website for detailed information.
If a customer wishes to discontinue the locker facility, the following steps should be undertaken:
The Central Bank of India’s locker facility provides a secure and convenient way to store valuables, ensuring peace of mind for customers. With various locker sizes, reasonable charges, and a straightforward application process, it caters to the diverse needs of individuals and businesses alike.
Also Read - Central Bank Net Banking
It is essential to stay updated on the latest locker charges and policies to make an informed decision. Whether you are applying for a new locker or planning to surrender an existing one, understanding the terms and requirements can help you navigate the process smoothly.
1. What are the Central Bank of India locker charges for 2025?
Locker charges vary based on size and location, ranging from ₹1,100 to ₹11,000 per year. Customers should check with their respective branches for precise fees.
2. Is there a security deposit for obtaining a locker?
The bank requires a refundable security deposit, usually equivalent to three years' rental charges.
3. Can I apply for a locker online?
Some branches allow online applications, but most require an in-person visit for verification and locker allocation.
4. What happens if I lose my locker key?
In case of a lost key, the customer must immediately inform the bank. A replacement fee and, if necessary, locker lock change charges will apply.
5. Can joint account holders apply for a locker?
Yes, joint account holders can apply for a locker and authorize each other to access it.
6. How can I check locker availability?
Locker availability can be checked at the branch or through the bank’s online platform, depending on regional accessibility.
7. What is the penalty for late payment of locker charges?
Failure to pay the annual locker rent on time may result in penalty charges and eventual termination of the locker facility.
8. Can I upgrade to a bigger locker if needed?
Yes, customers can request an upgrade based on availability. A revised rental charge will apply.
9. How do I surrender my locker?
To surrender a locker, customers must empty it, return the key, submit a written request, and clear any pending dues.
10. Is my locker insured against theft or damage?
No, locker contents are not automatically insured. Customers may consider availing of separate insurance for valuables stored in the locker.
For the latest updates and policies, visit the official website of the Central Bank of India or contact your nearest branch.
Other Bank Locker Charges | ||
