Bank locker charges November 2024: SBI, ICICI Bank, HDFC Bank, PNB
Your valuables with the bank are 100 times secured of your annual locker rent.
Benefits of nomination, Survivorship Clause
According to the Bank of Baroda website, «The Bank has the facility of nomination in case of deposit of Locker and safe custody articles facility. However, the facility of nomination is not available in case of deposit of safe custody articles by more than one person.
In the event of the death of one of the joint holders of locker/safe custody, the right to the contents of the locker or the articles under safe custody does not automatically devolve on the surviving joint holder, unless there is a nomination/survivorship clause. The customers are, therefore, advised to make nomination/open joint accounts under survivorship clause in their own interest.»
The amount depends on various factors such as size of locker, location of the Branches such as Metro and Urban or Semi Urban and Rural. Here is a comparison of the locker charges of HDFC Bank, SBI, ICICI Bank, PNB, as per bank websites.
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