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Nidhi needs protection for our business documents, cash, and valuables from an Indian Bank locker service. Nidhi operates a boutique business and needs lockable storage for business contracts, property papers, jewellery inventory, and emergency cash funds. Renting a bank locker is an excellent choice for protecting her valuable items from theft, fire, and home-based damage.
Nidhi can safely keep private valuables with gold ornaments, as well as her will and insurance policies, under the protection of the locker. The bank’s operating hours enable her to access her items whenever necessary. The locker system provides a secure solution through its reasonable annual and advanced security features, which include round-the-clock monitoring, biometric door access, and insurance protection against theft.
The security features provided by Indian Bank lockers allow Nidhi to concentrate on her business operations without asset safety concerns, so she deems these secure storage facilities essential for dual use of personal and professional protection.
The Indian Bank has storage lockers in three standard dimensions, meeting different customer requirements for warehousing. Each branch maintains its lock container availability so that clients can verify their locker conditions at their local service point. The bank has provided three types of lockers.
Small Lockers:
The storage boxes from Indian Bank adapt to limited storage needs because they have dimensions of 6 inches (H) x 6 inches (W) x 12 inches (D).
Medium Lockers:
Medium lockers offer consumers a total storage area of 12 inches (H) x 12 inches (W) x 18 inches (D), which is feasible. You can choose a large locker when storage needs extend past small items.
Large Lockers:
Large lockers have dimensions of 18 inches (H) x 18 inches (W) x 24 inches (D), which offer consumers adequate storage room. Consumers looking for storage space should opt for the large locker available at Indian Bank to keep valuable commodities and expensive possessions.
Indian Bank revised its locker rental fees multiple times by considering operational expense changes and market situation adjustments. In 2025, the latest rates for locker rentals at Indian Bank are according to the following breakdown:
Locker Size | Annual Rent (INR) | GST (18%) | Total Annual Cost (INR) |
Small (6 inches (H) x 6 inches (W) x 12 inches (D)) | ₹1,500 |
Customers must make a refundable security deposit to obtain locker allocation at Indian Bank. Indian Bank has established specific security deposit fees for 2025 as follows:
Lockers Size | Security Deposit |
Small Locker Size | ₹5,000 |
Medium Locker Size | ₹7,500 |
Refunds of the security deposit commence when you clear all outstanding dues of the locker surrender process.
Eligibility Criteria
To be eligible for a locker at Indian Bank, customers must meet the following criteria:
Account Holder: | The applicant must hold a savings or current account with IDBI Bank. |
Age: | The applicant must be at least 18 years old. |
KYC Compliance: | The applicant must be KYC (Know Your Customer) compliant. |
Good Financial Standing:
The applicant should have a good financial standing with the bank and no history of defaults or irregularities.
Required Documents
The following documents are required to apply for a locker:
Identity Proof: Aadhaar card, PAN card, passport, voter ID, or driving license. |
Address Proof: Aadhaar card, utility bill, passport, or ration card. |
Passport-sized Photographs: Two recent photographs. |
₹270
₹1,770 |
Medium (12 inches (H) x 12 inches (W) x 18 inches (D)) | ₹2,500 | ₹450 | ₹2,950 |
Large (18 inches (H) x 18 inches (W) x 24 inches (D)) | ₹4,000 | ₹720 | ₹4,720 |
Large Locker Size
₹10,000 |
*T&C Apply
Account Details: Savings or current account number with IDBI Bank. |
KYC Form: Completed KYC form as per bank guidelines. |
Nomination Form: A nomination form must be submitted to designate a nominee for the locker. |
Applying for a locker at Indian Bank is a simple process. Follow these steps:
Step 1: Visit the nearest Indian Bank branch. You can find your nearest Indian Bank branch with the help of their branch Location.
Step 2: To initiate the application process, one should request an application form for a bank locker from an Indian bank branch.
Step 3: Fill in the required details and attach documents like address proof.
Step 4: After completing your form, submit it to the bank representative.
Step 5: When the Indian Bank verifies your documents, the bank will give you approval for your bank locker.
Note:
The customers must wait because locker space distribution depends on what is currently available. The waiting list includes all customers who demand lockers when no slots are available.
You can surrender your locker either by requirement discontinuation or because you no longer need it through the following procedure:
Step 1: Visit the Indian Bank branch.
Step 2: Take all the items from the lockers and ensure they are empty.
Step 3: When you take all the items, inform the bank staff, "I removed all belongings from the locker and wanted to close it today.”
Step 4: Return the locker key to the bank staff, which the bank gave it to you when you came to open the locker. If you miss the key, you have to pay a replacement fee.
Step 5: The Indian Bank verifies the locker and checks the outstanding due; if there is no exceptional due, the Indian Bank refunds the security deposit in your bank account.
Indian Bank provides trustworthy facilities that protect customer valuables, including jewellery, essential documents, and precious objects. Customers can find suitable storage solutions at the bank because it offers lockers in three sizes: small, medium, and large.
The bank provides affordable yet trustworthy locker facilities that customers can enjoy through transparent policies on key replacement, break-open costs, and payment penalties. The application process follows simple guidelines and specifies necessary documents so customers can easily access these storage services.
Also Read - Indian Bank Net Banking
Understanding the steps required for locker application and surrender or management allows customers to make better decisions, leading to easy use of banking services. Indian Bank offers locker services that vary in storage capacity to suit customers storing a range of valuables.
What are the charges for renting a locker at Indian Bank in 2025?
During 2025, customers will pay ₹1,500 yearly subscription for small lockers, followed by GST charges, ₹2,500 for medium lockers, including GST costs, and ₹4,000 for large lockers, including GST charges for storage rental at Indian Bank facilities. Indian Bank manages safe storage facilities at affordable prices according to its pricing structure.
What is the security deposit for a locker at Indian Bank?
Indian Bank requires a security deposit for locker rentals:₹5,000 for small lockers,₹7,500 for medium lockers, and₹10,000 for large lockers. This deposit ensures the locker’s security and is refundable upon surrendering the locker, subject to terms and conditions.
How can I surrender my locker?
Customers must visit their branch to clear their account balance while returning both keys to obtain an official bank confirmation. The bank will return the security deposit as a refund after customers finish paying all their account bills.
How often are locker rental charges revised?
Customers must check the locker rental fee update annually during periodic evaluation periods. All branch customers need to receive new pricing information from their staff member. You should contact your bank branch to obtain precise information about existing fees.
Other Bank Locker Charges | ||
