Yes Bank Locker Charges 2025 – Pricing, Sizes & Features

During an evening conversation, Diwakar told Nitin about the security of his belongings. Diwakar has maintained his “Gold Jewellery,” which costs ₹3,00,000, and “Essential Documents” at home. Nitin suggested that he use a Yes Bank storage facility.

He told Diwakar that keeping his valuables at home could be a risky move. Thefts, fires, or even misplacing items can lead to huge losses. The Yes Bank locker is a secure option for Diwaker, as the bank allows him to secure valuable commodities. Keeping it in the bank’s storage facility is one of the most trusted options.

Types of Lockers Available at Yes Bank

The Yes Bank lockers meet consumers' different storage requirements. Each branch of Yes Bank has different locker options for users, depending on their location. Yes Bank provides various types of lockers to its users:

1. Small Lockers: 

The Yes Bank’s small lockers are robust enough to safeguard users' documents, certificates, and small jewellery items. These compact lockers are affordable, providing high-security features to customers, ensuring their valuables remain safe. 

2. Medium Lockers:

Customers who want above-average personal security can use Yes Bank’s medium lockers, which accommodate small valuables and oversized jewellery items.

3. Large Lockers:

The Yes Bank maintains large lockers that provide a perfect solution for clients to secure equipment, including extensive jewellery collections, essential files, and other valuable possessions. 

4. Extra Large Lockers:

The Yes Bank offers extra-large lockers for businesses or individuals with substantial storage needs, offering ample space for bulk valuables, documents, or inventory. 

Yes Bank Locker Charges 2025 (Updated Fees)

Lockers at Yes Bank will follow these rental fee standards in 2025.

Note: The rental costs will include GST (Goods and Services Tax) taxation.

Additional Charges

• Key Deposit

Yes Bank demands customers to pay a refundable key deposit starting at ₹500 and reaching up to ₹2,000, respective to the size of the chosen locker. 

• Late Payment Fees

Yes Bank imposes a late payment fee of ₹500–₹1,000 if annual locker rental charges are not paid on time. 

• Locker Forcible Opening Charges

Yes Bank requires a fee between ₹2,000 and ₹5,000 as part of their policy when they need to access a locked locker because keys are missing or the blend has failed to recall. 

Security Deposit & Locker Key Policy

Security deposits must be paid by customers who want to use a locker service at Yes Bank. Customers get the security deposit back after they surrender their locker key to the bank. The size of the locker determines the deposit amount customers need to pay.

Eligibility Criteria & Required Documents for Yes Bank Locker

To rent a locker at Yes Bank, you must meet the following eligibility criteria:

How to Apply for a Yes Bank Locker?

Applying for a locker at Yes Bank is a straightforward process. Follow these steps:

Step 1: Visit the nearest Yes Bank branch. You can find your nearest Yes Bank branch with the help of their Branch Location.

Step 2: To initiate the Yes Bank Locker application process, request an application form for Bank Locker from Yes Bank branches.

Step 3:  Fill in the required details and attach the necessary documents, like address details.

Step 4: After completing your form, submit it to the bank representative.

Step 5:  When Yes Bank verifies your documents, the bank will approve your Bank Locker.

Note:

The customers must wait for available locker space because it depends on availability. During the waiting period, customers get placed on a waiting list.

How to Surrender a Yes Bank Locker?

If you no longer require a locker, you can surrender it by following these steps:

Step 1: Visit the Yes Bank branch. 

Step 2: Take all the items from the Yes bank lockers and ensure the locker is empty.

Step 3: When you take all the items with you, inform the bank staff that “I remove all belongings from the locker and I want to close it Today”.

Step 4: Return the locker key to the bank staff, which the bank staff gave you when you came to open a locker account. If you miss the locker key you pay a replacement fee.

Step 5: Yes Bank verifies the locker keys and checks the due if there are no due, Yes Bank refunds your security deposit in your bank account.

Tips for Choosing the Right Locker Size in IDBI Bank

1. Assess Your Storage Needs

List your Valuables: Record all valuables you plan to keep in storage. Include jewellery, documents, and money. Include any additional essential possessions.

Estimate Space Required: Consider the size and quantity of your valuables to determine how much space you’ll need.

2. Consider Future Needs

Assess the possibility of your storage requirements increasing in the coming months. A locker of slightly larger dimensions should be your choice when foreseeing potential storage needs.

3. Check Availability

Locker availability varies by branch. Check locker size availability at your nearest Yes Bank branch by phone.

4. Compare Rental Costs

The price of storage lockers increases according to their size. Evaluate price options for lockers differing in size, and then select a locker that provides the needed storage and remains within your financial means.

5. Read the Terms and Conditions

Read the locker agreement in detail to understand costs and operating times, as well as all contract provisions.

6. Ask For Recommendations

Seek assistance from bank staff to determine the most suitable locker size according to your needs because Bank Staff knows better than the customer.

Conclusion

The Yes Bank locker facilities operate as an effective and secure system to protect valuables, which include jewellery, essential documents, and other precious items. Yes Bank meets individual and business requirements through small, medium-large, and extra-large locker options. 

The rental costs for annual locker storage at Yes Bank start at affordable prices and depend on the size of the locker and a selected branch. A single payment deposit policy is a key that allows secure locker access.

FAQ on Yes Bank Locker Charges

What are the locker rental charges at Yes Bank?

Yes Bank manages locker services with annual rental fees between ₹2,000 and ₹12,000 which vary based on the small, medium, large, or extra-large locker dimensions. 

Is a security deposit required, for renting a locker?

The renting cost of a locker at Yes Bank starts from ₹5,000 through ₹25,000 based on the selected locker dimension and branch location and follows as a refundable security deposit. 

Is there a late fee for overdue locker rentals?

Yes Bank executes late payment fees between ₹500 – ₹1,000 when locker rental payments remain unpaid.

What happens if I lose my locker keys?

For lockers, the bank performs forcible opening following the key loss, and the associated cost ranges from ₹2,000 to ₹5,000 to comply with the safety protocols specified by Yes Bank.

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