IndusInd Bank Locker Charges – Fees, Security Deposit & More

Imagine having a gold necklace worth ₹2,00,000, gifted by your grandmother. It’s not just gold; it’s her love and blessings. But every time you leave home, there’s a little fear—what if someone steals it? You’re not alone. Last year, there was a 25.2% rise in home theft cases in big cities like Mumbai and Delhi. 

This has made many people think – where can we keep our valuables safely? That’s why more people are turning to bank lockers. IndusInd Bank offers safe lockers to protect your valuables. Let’s understand the locker charges, sizes, and how you can get one in 2025 to keep your treasures safe.

Types of Locker at IndusInd Bank

Let’s break down the locker sizes with more real-life examples to help you understand what you can store in each:

Small Lockers:

• Capacity: Suitable for small jewellery items, gold coins, or important documents.
• Examples: Marriage certificates, property registration papers, or a few gold bangles.
• Ideal For: Individuals or small families with limited valuables.

Medium Lockers:

• Capacity: Can store a jewellery box, some cash, and a few more documents.
• Examples: Gold earrings, a necklace set, cash reserves up to Rs. 1,00,000.
• Ideal For: Newlyweds, professionals, or small business owners.

Large Lockers:

• Capacity: Spacious enough for jewellery, property documents, and larger valuables.
• Examples: Gold sets worth Rs. 10,00,000, ancestral jewellery, property sale deeds.
• Ideal For: Families or individuals with a significant amount of gold and documents.

Extra-Large Lockers:

• Capacity: Designed for heavy jewellery, large amounts of cash, or business valuables.
• Examples: Gold worth Rs. 25,00,000, legal documents, and business cash reserves.
• Ideal For: Business owners, and high-net-worth individuals.

IndusInd Bank Locker Charges 

Charges for IndusInd Bank lockers depend on multiple factors, including branch location and locker size. Here’s an in-depth look:

Factors Affecting Charges

• Branch Location: Metro branches have higher rent due to demand.
• Locker Demand: Some busy branches may have slightly higher charges.
• Branch Type: Premium branches in high-income areas may have costlier lockers.

Security Deposit & Locker Key Policy for IndusInd Bank Locker

• A Fixed Deposit (FD) is required as a security deposit for locker allotment.
• The FD amount depends on locker size and annual rent.
• The deposit serves as collateral to cover any unpaid locker rent or dues.
• The FD is lien-marked and cannot be withdrawn until the locker is surrendered.

Locker Key Policy

• Each locker comes with one unique key provided to the customer.
• Duplicate keys are not issued; loss of key requires locker break-open at the customer's expense.
• The key must be returned upon locker closure.
• Access is restricted to authorized persons as per bank records.

Fixed Deposit Requirement 

Banks ask for security when you apply for a locker. This ensures that locker rent and fees can be recovered in case of non-payment.

Why Is It Required?

• Acts as a security cushion for the bank.
• Ensures customers don’t default on rent payments.
• Protects the bank from locker breakage costs in case of non-payment.

How Much is Needed?

• Usually 2 to 3 times the annual locker rent.
• Example: If the locker rent is Rs. 6,000 per year, an FD of Rs. 12,000 to Rs. 18,000 is needed.

What Happens to the FD?

• The FD remains in your name and earns interest.
• It can be withdrawn if you close the locker, provided all dues are cleared.

Eligibility & Required Documents for IndusInd Bank Locker

Who Can Apply?

• Individuals aged 18 years and above.
• Customers with Savings or Current Account.
• NRIs can apply if they hold NRE or NRO accounts.

Documents Needed:

• ID Proof: PAN card, Aadhaar card, passport, voter ID, driving license.
• Address Proof: Aadhaar card, electricity bill, bank statement, rental agreement.
• Photographs: Passport-size photos.
• Locker Application Form: Available at the bank branch.

Applying for an IndusInd Bank Locker

The IndusInd bank locker can be applied via both online and offline processes. Follow these easy steps and get your locker: