Sbi Locker Charges For Gold

Small Lockers in Rural Areas and Small Cities: Rs 1500 plus GST. Medium Lockers in Urban or Metro Cities: Rs 4000 plus GST. Medium Lockers in Rural Areas and Small Cities: Rs 3000 plus GST. Large Sized Lockers in Lockers in Urban or Metro Cities: Rs 12000 plus GST.

SBI Locker Charges for Gold: Updated Information and Types

Here are the revised locker charges for gold at SBI based on size and location:

– Small lockers (125 x 175 x 492 mm) cost ₹1500/- in urban/metro areas and ₹1000/- in rural/semi-urban areas.

– Medium lockers (125 x 352 x 492 mm, 189 x 263 x 492 mm, or 159 x 423 x 492 mm) cost ₹3000/- in urban/metro areas and ₹2000/- in rural/semi-urban areas.

– Large lockers (278 x 352 x 492 mm or189x529x492mm) cost ₹6000/- in urban/metro areas and ₹5000/- in rural/semi-urban areas.

– Extra-large lockers (404x529x492mm or385X529X492mm) cost ₹9000/- in urban/metro areas and ₹7000/-in rural/semi-urbanareas.

Note: Additionally, SBI locker cost involves a one-time registration fee. You will be charged a registration fee of ₹500 + GST for small or medium-sized lockers. Whereas, an amount of ₹1000 + GST will be charged for large-sized bank lockers.

SBI Locker Features

If you’re wondering why these features are of relevance, let us explain!

SBI Locker Opening Requirements

Are you well-prepared with all the necessary documents and familiar with the charges for SBI lockers? If so, continue reading to discover how you can open an SBI locker.

SBI locker annual cost in India?

The annual fees for SBI lockers can range from Rs 3,000 to Rs 20,000 based on factors such as size and location. This means that if you opt for a smaller locker in a less populated area or choose one with limited availability, your annual fee may be lower compared to selecting a larger locker in a highly sought-after location.

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To give you some practical advice regarding SBI locker charges: consider your storage needs before deciding on the size of the locker. Assess what items you plan to store and estimate how much space they would require. This way, you can avoid paying higher fees for a larger locker when a smaller one would suffice.

Additionally, think about where you want your locker to be located. If convenience is crucial to you and there are multiple SBI branches near your home or workplace offering lockers at varying rates based on their popularity or demand within that specific area – this could impact your decision-making process.

– SBI offers different charges for small (Rs 1

SBI Locker Online Opening Process

Follow these few easy steps to open your bank locker with SBI:

  • Step 1: Sign in to your SBI net banking account by entering the necessary credentials.
  • Step 2: Click on “e-Services” and then “Online Locker”.
  • Step 3: Provide your district, state, and PIN code.
  • Step 4: Click on ‘Submit’
  • Step 5: The details of the vacant locker appear on screen.
  • Step 6: Select the size of the locker by clicking on the branch code.

You also have the option to submit your application for an SBI locker through offline methods.

Is it allowed to store gold in an SBI bank locker?

If you are wondering whether it is a safe option to store your gold in bank lockers, the answer is yes. Banks have reliable security measures in place to ensure the safety of your precious metal. They provide a transparent fee structure for using their locker services, which means that keeping your gold in a bank locker is not expensive.

In addition to providing top-notch security, banks also offer transparency when it comes to fees for using their lockers. Unlike some other service providers who may charge hidden or exorbitant fees, banks have clear guidelines on how much they charge for renting a locker. This allows customers to make informed decisions based on their budget and requirements.

Overall, storing your gold in a bank locker is considered safe and affordable due to the stringent security measures implemented by banks and their transparent fee structures. It provides peace of mind knowing that your valuable asset is well-protected while being easily accessible whenever needed.

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How to Open SBI Locker Offline?

To reserve an SBI locker in person, you can follow these easy steps at your nearest SBI branch. Firstly, visit the branch and inquire about the availability of lockers. Then, complete an application form by supplying the necessary details. Finally, submit the form along with all required documents for processing.

Are jewellery lockers available at SBI bank?

We provide a safe deposit locker facility at many of our branches to ensure the security of your valuable items. Locker-hirers are charged a nominal annual rent, which is determined by the size of the locker and the location of the branch. The rent must be paid in advance for the Financial Year.


– We offer safe deposit lockers at numerous branches.

– Locker-hirers are charged an annual rent based on locker size and branch location.

– The rent must be paid in advance for the Financial Year.

SBI Locker Charges for Gold: Rules and Regulations

Now that you have all the necessary information about SBI locker charges and how to apply for one online, you can proceed with booking a locker at SBI. This will guarantee the utmost security for your valuable possessions.

After your initial 12 visits to your SBI locker, there will be a charge of ₹100 per visit.

Is it possible for me to store my property documents in an SBI bank locker?

Certainly! In SBI bank lockers, it is possible to securely store important documents related to your house. Additionally, you can also keep confidential items such as insurance policies, savings bonds, birth certificates, and other valuable belongings in these lockers.

The charges for renting SBI lockers will be collected annually and in advance.

To initiate the process, contact the SBI branch where you have reserved your locker and submit an application. The bank will record your details and require payment for unlocking the locker as well as any additional service fees.

The purpose of this article is purely educational. Stable Money does not assume any liability for the accuracy or validity of the information and statements presented in the blog.

What is the most affordable bank locker?

ICICI Bank charges the following fees for lockers in India:

– Small size lockers: Rs 1,200 – 5,000

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– Medium size lockers: Rs 2,500 – 9,000

– Large size lockers: Rs 4,000 -15,000

Is the safety of gold stored in a bank locker guaranteed?

Bank lockers provide a safe and reliable solution for individuals to safeguard their precious belongings at an affordable price. By choosing bank lockers, people can have peace of mind knowing that their gold is stored in highly secure vaults equipped with strong steel doors. Each customer is provided with a distinctive key that grants them exclusive access to their locker whenever they wish.

Furthermore, opting for bank lockers eliminates the need for individuals to worry about keeping their gold safe at home. With rising instances of burglaries and thefts, relying on personal safes or hiding spots may not be sufficient anymore. Bank lockers offer a more reliable alternative as they are specifically designed and maintained to ensure maximum protection against any potential risks.

Consequences of a bank locker gold robbery

The State Bank of India (SBI) is required to exercise caution and take necessary measures when it comes to the safety of its lockers. However, in the unfortunate event of damage or loss caused by natural disasters such as earthquakes or floods, the bank holds no liability for any harm incurred to the contents stored within these lockers. This means that customers must understand that they assume full responsibility for their belongings in such circumstances.

P.S. It is important for SBI locker holders to carefully consider and evaluate potential risks associated with storing valuable items in their lockers. While natural calamities fall outside the scope of bank liability, instances involving negligence on part of SBI do hold them accountable for compensating affected customers.

Are locker fees charged on a monthly or yearly basis?

Lockers at SBI are available for rent on an annual basis, with the charges collected in advance. The rental fees for lockers vary depending on the size of the locker and the location of the branch. To determine which branch and locker rent is applicable to you, please contact your Locker home branch.

P.S. For customers residing in metro areas, urban areas, semi-urban areas, or rural areas, different rates may apply. Please reach out to your Locker home branch for more information regarding specific rates based on your location.