Axis Bank Locker Charges 2024 – Locker Rent and Size

Established in 1993 in Ahmedabad, Axis Bank currently ranks among the top five private banks in India. In addition to other financial services, it provides locker facilities to interested customers in exchange for an annual rent. The fees for the same vary based on the applicant’s location and the intended locker size. Continue reading to learn about Axis Bank locker charges in detail.

Latest Axis Bank Locker Charges and Its Types

In the table below you can refer to the locker charges in Axis Bank as per different locations and sizes:

Features of Axis Bank Locker

The Axis Bank lockers are well-reputed for safety and hassle-free access because of their unique features. Some of its key characteristics include:

• You can select a convenient locker size from the comfort of your home. Accordingly, you will have to pay the rental charges.
• There’s no need to pay separately for the locker.
• You can simply turn on the auto-debit feature for the current/ savings bank account(s) that you maintain with Axis Bank.
• You can own a locker in any of the 2000 Axis Bank branches distributed all over India.
• The process of adding nominee details is quick and easy.
• You can do it both offline and online.
• All these benefits make an Axis Bank locker a safe choice for keeping valuables against a reasonable annual price.

Eligibility Criteria to Open an Axis Bank Locker

Ensure to check the eligibility criteria for opening a safe deposit locker before you actually jump into the application process. Here, the specifics have been listed for your convenience:

1. Individuals, singly or jointly and even more than two people can apply for a new locker.
2. Also, two or more people with operative instructions – “Former or Survivor”, “Either or Survivor” or “Anyone or Survivor” clause can opt for a locker facility.
3. NRIs having an existing savings or current account with the bank can also enquire about Axis locker charges and proceed with the application.
4. Trusts, limited companies and firms can open a locker by contacting the designated officials.
5. Even physically challenged people can open a locker at the Axis Bank.

Also, you should keep the necessary documents ready to avoid errors during a last-minute rush.

Documents Required to Open an Axis Bank Locker

After you have confirmed the Axis Bank locker charges, you can move forward either with the offline or online application procedure.  The bank officials will be expecting the following papers from you:

1. Copy of KYC documents like Aadhaar card, Voter ID card, PAN card, Driving licence or Passport.
2. Passport size photographs
3. Security deposit
4. Copy of the passbook of current or savings account
5. A copy of the locker agreement paper (you will receive this document upon paying a stamp duty fixed by the respective State Government)

How to Open an Axis Bank Locker Online?

If you are intending to open a locker online with Axis Bank, there are two primary ways. These include:

Method 1: Via “open” app by Axis Bank

• Step 1: Sign in to your account using the set credentials.
• Step 2: Click on the ‘Apply’ button by navigating to the Menu dropdown.
• Step 3: Go to ‘Lockers’ and fill out the application form.

Here, you will be able to check locker availability for your selected branch. Accordingly, you can apply for a specific locker size. As you have an existing account, the bank will ask for minimal to no documentation.

Method 2: Via Internet Banking

• Step 1: Log in to the Axis Bank net banking portal using your credentials.
• Step 2: Click on ‘Book Locker’ by accessing the ‘Apply Now’ option.
• Step 3: Select the nearest branch and confirm locker availability.
• Step 3: Enter the desired locker size.
• Step 4: Verify the personal and banking details as displayed on your device screen before entering the OTP sent via SMS.

Once done, your locker booking at A

How to Open an Axis Bank Locker Offline?

To open a locker offline, you have to opt for the traditional way. These are the steps you need to follow:

• Step 1: Visit the closest branch and connect with the authorised personnel to get the application form.
• Step 2: Duly fill it out and submit all the necessary documents.
• Step 3: Set the nomination details, and mode of annual fee payment, and complete the initial registration fee payment.

Now, the locker gets assigned to you singly or jointly, as you have selected.

Axis Bank Locker Rules & Regulations

For smooth operations, Axis Bank has set certain terms and conditions for all locker holders. Here, you can check the details:

1. You must enrol for the locker service by paying a one-time fee of ₹1000.
2. If you delay paying the Axis Bank locker charges, the bank can charge a maximum penalty of up to 25% of the annual rent. The monthly fine amounts to 2.5% for late payments.
3. You can visit the locker three times each month without paying any additional charges. After that, you will be required to pay ₹100 + GST for each visit.
4. Locker rent is collected annually and you have to pay it in advance to receive confirmation regarding locker allotment.

Final Word

This blog must have provided you with a comprehensive idea regarding precise Axis Bank locker charges and the associated terms and conditions. Once you are aware of the eligibility criteria and documents required, you can proceed with an application for a locker. To eliminate any risk of misguidance consider checking the official website of Axis Bank before beginning your locker application process.

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Disclaimer

This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.