Federal Bank Locker Charges – Updated Guide to Fees & Locker Sizes

Key Takeaways
 

• Federal Bank offers a locker facility, but it is not free of cost; charges are applicable as per the locker size and your area (semi-urban, urban, rural, or metro).
   
• Mainly, Federal Bank offers three types of lockers: small, medium and large; charges for these vary between ₹2,000 and ₹12,800.
   
• Also, you need to pay a key deposit, which is refundable at the time of surrender of the locker. The key deposit amount is different for different types of lockers. 
   

Safe deposit lockers allow individuals to keep their valuables in a secure bank facility. Federal Bank offers lockers of different sizes with yearly rentals.

Suppose Natasha is from Ahmednagar (semi-urban area); she chooses a medium-size locker in Federal Bank with an annual rent of ₹3,300, and pays a key deposit of ₹19,900. So, the total cost in the first year is ₹23,200. 

In this blog, we will explore types of lockers, locker charges, security deposit, eligibility criteria, and the process to apply for a Federal Bank locker. 

Types Of Lockers Available At Federal Bank

Federal Bank offers a range of lockers to cater to different customer requirements. The availability of lockers varies from branch to branch, and customers can choose based on their storage needs. Here are the types of lockers typically available at Federal Bank branches:
 

From the above-mentioned table, you can see that different types of lockers are available to choose from. Federal Bank Locker Charges depend on the type of locker you choose.

Federal Bank Locker Charges 2025 (Updated Fees)

The locker rental charges at Federal Bank depend on factors such as locker size and branch location (metro, urban, semi-urban, and rural areas). The following are the Federal Bank locker charges for 2025 with key deposit:
 

The table mentioned above shows Federal Bank Locker Charges for a few sizes. For other locker sizes such as D, 2B, 2B1, 4A, 2D, 4B, 4D1, 4D, H1, and H, the charges in semi-urban and rural branches are 80% of metro and urban rates. 

The following table shows the Federal Bank Loacker Charges with key deposit for metro and urban branches according to type and dimension:
 

The above-mentioned table provides you with an overview of the latest Federal Bank Locker Charges. Now, let’s look at the Federal Bank Locker Charges with key deposit for locker at Federal Experience Centre and Lulu Mall Branch:
 

The above-mentioned tables help you clearly analyse all Federal Bank Locker Charges, be it urban, rural, Lulu Mall, or semi-urban branch. 

Bonus Tip: Did you know that in a year, you can visit Federal Bank Locker 20 times free of cost, after that you need to pay ₹100 per visit. 

Eligibility Criteria And Required Documents For A Federal Bank Locker

To apply for a locker at Federal Bank, customers must meet specific eligibility criteria and provide the necessary documentation. The following tables show this:
 

From the above-mentioned table, you can see that the Federal Bank has kept the eligibility process simple and transparent. You can access your Federal Bank Locker securely with proper documentation and nomination.

How To Apply For A Federal Bank Locker?

Applying for a Federal Bank locker is a simple process. Customers can follow the steps below to secure their locker:
 

The process is straightforward and designed for customer convenience. You can easily apply for a Federal Bank locker if you know the clear steps to follow and transparent charges.

How To Surrender A Federal Bank Locker?

Customers who wish to discontinue their Federal Bank locker facility must follow a formal surrender process. The following table highlights this:
 

From the above-mentioned table, you can see that surrendering a Federal Bank Locker is a simple process. If you clear your dues and return the key, then you will receive refunds smoothly and can close the facility without hassle.

Conclusion

Federal Bank offers a secure and cost-effective locker facility for customers looking to safeguard their valuable assets. 

You can easily choose a locker that meets your needs, with different locker sizes, competitive annual charges, and a straightforward application process. 

If you understand the latest locker charges, security deposit policies, eligibility criteria, and the surrender process, then it ensures a hassle-free banking experience. 

A Federal Bank locker might be the ideal choice if you are looking for a secure storage solution.

FAQs
 

1. Is the key deposit of the Federal Bank Locker refundable?

Yes, the key deposit for a Federal Bank locker is refundable when the locker is surrendered.

2. What if I keep cash in my Federal Bank Locker?

Storing cash in a bank locker is not allowed, as regulations clearly restrict keeping currency notes inside lockers.

3. Is a Federal Bank Locker fireproof?

Bank lockers are made with strong materials, but they are not guaranteed to be fully fireproof. Critical documents should also be backed up digitally.

4. What cannot be kept in a Federal Bank Locker?

Cash, illegal items, and hazardous materials cannot be stored in a locker. Only jewellery, documents, and valuables are permitted.

5. What happens if Federal Bank Locker rent is not paid?

If rent remains unpaid, penalties are charged. Continuous non-payment may lead to the locker being broken open after due notice.

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.