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:

Types of Lockers	Detail
Small Lockers	Suitable for storing minimally valuable items such as important documents and small jewellery.
Medium Lockers	Ideal for storing documents, small cash reserves, and moderately sized jewellery collections.
Large Lockers	Recommended for customers with extensive jewellery or essential paperwork that requires secure storage.

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:

Locker Size	Rent per annum (Rural and Semi Urban)	Key Deposit (Rural and Semi Urban)	Rent per annum (Metro and Urban)	Key Deposit (Metro and Urban)
Small	₹2,000	₹16,000	₹2,950 to ₹5,000	₹18,850 to ₹25,000
Medium	₹3,300	₹19,900	₹3,950 to ₹6,800	₹21,850 to ₹30,400
Large	₹5,500	₹26,500	₹7,400 to ₹12,800	₹32,200 to 48,400

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:

Locker Size	Height	Width	Depth	Rent (₹)	Key Deposit (₹)
A Small	125	175	492	2,950 to 5,000	18,850 to 25,000
B Medium	159	210	492	3,950 to 6,800	21,850 to 30,400
2A Large	125	352	492	7,400 to 12,800	32,200 to 48,400
D	189	263	492	7,700 to 13,200	33,100 to 49,600
2B	159	423	492	7,900 to 13,700	33,700 to 51,100
2B1	321	210	492	7,900 to 13,700	33,700 to 51,100
4A	278	352	492	9,000 to 15,600	37,000 to 56,800
2D	189	529	492	9,000 to 15,600	37,000 to 56,800
4B	321	423	492	10,000 to 17,300	40,000 to 61,900
4D1	385	529	492	12,000 to 20,800	46,000 to 72,400
4D	404	529	492	14,000 to 24,200	52,000 to 82,600
H1	300	400	520	5,500 to 9,500	26,500 to 38,500
H	300	400	520	9,500 to 16,400	38,500 to 59,200

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:

Locker Size	Annual Rent (₹)	Key Deposit (₹)
A Small	5,000	25,000
B Medium	7,000	31,000
2A Large	9,000	37,000
Type D	10,000	40,000
Type 4A1	11,500	44,500
Type 4A2	12,500	47,500
Type 2D	14,000	52,000
Type 4D1	23,000	79,000
Type 4D2	24,000	82,000

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:

Criteria	Details
Documents	KYC (Aadhaar, Voter ID, Passport, etc.) and recent photos. Firms, Companies, HUFs, and Proprietorships must give relevant legal documents.
Eligibility	Must have a Federal Bank account and a term deposit.
Guidelines	The bank provides instructions at the time of locker application.
Power of Attorney (POA)	POA holders must submit POA documents and confirmation in the bank’s format.
Nomination	Nominee facility available for smooth transfer of rights.
Mode of Operation	Single, Joint, or through POA.
Privacy	The bank ensures adequate privacy during locker operations.

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:

Step	Details
Apply	Submit the locker form (from the bank website), KYC documents and photo at the branch. New customers must open an account and a term deposit.
Waitlist	If no locker is available, then the bank issues a waitlist number.
Intimation	The bank informs by phone or letter when a locker is available.
Charges	Bank shares rent and other applicable charges.
Agreement	Sign the locker agreement on stamp paper and get a copy.
Deposit	Maintain a term deposit as security.
Rent	Pay 1-year rent in advance; later auto-debited yearly.
Allotment	Locker cubicle and key handed over.
Use	Lockers can be operated after allotment.
Nomination	Nominee facility available with acknowledgement.

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:

Step	Details
Application	Submit the locker surrender form at the branch where the locker was taken.
Clear Dues	Pay all pending locker rent till the date of surrender.
Empty Locker	Remove all belongings from the locker during the final operation.
Return Key	Hand over the locker key allotted at the time of hiring.
Refund	The bank refunds the term deposit (if any) and unused rent on a pro-rata basis to the customer’s account.

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.