Safe Deposite Lockers

For the safety of your valuables, we offer safe deposit locker facility at a large number of our branches. There is a nominal annual rent, which depends on the size of the locker and the centre at which the branch is located. The rent is payable in advance for the Financial Year. A copy of the locker agreement regarding operation of the locker can be provided to the locker hirer at the time of allotment of the locker. It is always beneficial to avail the benefits of nomination facility/ survivorship clause provided to locker-hirers. The major advantage of availing these facilities is that in the event of unfortunate death of one of the joint locker-hirer, the right to the contents of the locker does not automatically devolve on the surviving joint locker-hirer/ nominee (s), unless there is a survivorship clause/ nomination.

Most Important Terms & Conditions

  • Annual rental is payable in advance.

  • Rental depends on the size of the lockers and location of the branch viz metro/urban or semi-urban/rural.

  • One time registration charges for all center is also levied.

  • KYC norms are applicable for locker hirers.

  • Lockers can not be allotted to minors either singly or jointly with others.