Lockers

Lockers

Bank lockers provide a secure and convenient way for individuals to safeguard their valuable possessions, documents, and assets. These lockers are typically offered by banks and financial institutions to their customers for a nominal fee. Bank lockers come in various sizes to accommodate different storage needs, ranging from small boxes to larger units.

They are stored within the bank’s vault or secure area, which is equipped with advanced security measures such as surveillance cameras, access control systems, and alarms to ensure the safety of the contents. Customers can access their lockers during the bank’s operating hours using a designated key or access code.

Bank lockers offer peace of mind to individuals looking to protect their valuables from theft, loss, or damage, making them a popular choice for storing jewelry, important documents, and other valuable items.

Lockers can be rented under the name of various constituents.

Each applicant must submit the necessary KYC documents along with documents pertaining to their respective status or role.

Individual 
Two or more individuals (jointly)
Firms
Companies
Association

Clubs

Organization

Co-operative societies
Trust

Lockers are available at select branches

Click here for rent and other terms
Key features of lockers:

The best-in class design is easy to access with two separate locks of 7 levers each.

Ideal storage for valuables with a reliable locking system and solid steel doors.

Our lockers are certified as per IS-5244 by the Bureau of Indian Standards.

All lockers come with a solid 10mm plate door.

Adhering to these guidelines helps to ensure the safety and security of the bank’s locker facilities and enhances customer confidence in the bank’s services.

General guidelines for locker operations:

  • The lessee must not stay in the strong room for an excessively long period. Proper monitoring should be maintained while they are inside.
  • We ensure compliance with guidelines and regulations issued by regulatory authorities such as the Indian Banks’ Association (IBA) regarding locker operations and security measures.
  • The operating hours for safe deposit vaults/strong rooms are limited to banking/business hours exclusively.
  • Our officers conduct a thorough inspection of the ‘Strong Room’/Vault where the lockers are housed. They inspect each locker that has been accessed during the day to ensure proper locking and verify that no one is inside the vault.
  • Locker charges vary based on the size of the locker.
  • We maintain proper surveillance and monitoring during the presence of lessees inside the strong room to prevent unauthorized activities.
  • We have protocols for handling emergencies such as power outages or individuals being inadvertently trapped inside the vault.
  • We provide comprehensive training to bank staff involved in locker operations to ensure adherence to security protocols and customer service standards.

FIXED DEPOSIT AS SECURITY FOR LOCKERS:-

Bank may face potential situations where the locker-hirer neither operates the locker nor
pays the rent. To ensure prompt payment of locker rent, Bank will obtain a Term Deposit,
at the time of allotment, which would cover three years’ rent and the charges for breaking
open the locker in case of such eventuality.

Bank, however, shall not insist on additional Term Deposits other than LODP from the
existing locker holders or those who have satisfactory operative account.

– Such Term Deposit receipt should be opened exclusively under Locker Deposit product
(LODP) and shall be pledged with the Bank and the same shall be lien marked, as per the
RBI Policy. To comply this condition, following should be observed: