Cheap Bank Locker: If you want to get a bank locker to keep jewelry, important documents or valuables safe, then this news can be beneficial for you. In India, big banks like SBI, PNB, HDFC Bank and ICICI Bank provide locker facility.
Cheap Bank Locker: If you want to take a bank locker to keep your jewellery, important documents or valuables safe, then this news can be beneficial for you. In India, big banks like SBI, PNB, HDFC Bank and ICICI Bank provide locker facility, but the rent of every bank is different. The rent of the locker depends on its size and the location of the branch. For example, in which branch in the city or village you are opening your bank locker. The rent depends a lot on this.
Here we are comparing locker rents of four major banks in 2025, so that you can understand which bank offers the cheapest option. Rents in rural areas are not included in this comparison.
SBI (State Bank of India)
The locker rent in SBI is decided according to the location and size. Along with this, a registration fee is also charged.
- Small and medium lockers: Rs 500 + GST
- Large and extra-large lockers: Rs 1,000 + GST
- Annual Locker Rent in Urban & Metro Branches:
- Small: Rs 2,000 + GST
- Medium: Rs 4,000 + GST
- Large: Rs 8,000 + GST
- XL: Rs 12,000 + GST
PNB(Punjab National Bank)
In PNB, 25% premium is added in metro branches. If you have paid advance rent on closing the locker, then the refund will be done at the annual rate.
- Registration Fee
- Urban/Metro: Rs 500
- Annual Locker Rent at Urban/Metro Branches:
- Small: Rs 2,000
- Medium: Rs 3,500
- Large: Rs 5,500
- Very Large: Rs 8,000
- XL: Rs 10,000
HDFC Bank
Fares in HDFC may vary slightly depending on the branch. GST will be charged separately.
Locker Rent at Metro Branches (Annual):
- Extra Small: Rs 1,350
- Small: Rs 2,200
- Medium: Rs 4,000
- Extra Medium: Rs 4,400
- Large: Rs 10,000
- XL: Rs 20,000
ICICI Bank
Locker rent in ICICI varies according to the branch and is considered to be the most expensive. The rent has to be paid in advance.
Locker Rent at Metro Branches (Annual):
- Small: Rs 3,500
- Medium: Rs 7,500
- Large: Rs 13,000
- XL: Rs 20,000–Rs 22,000
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