The HDFC Bank offers a safe deposit locker facility to its customers through which they can ensure the safety of their valuables. You can also opt for this ancillary service by bearing an annual rent. Usually, the HDFC locker charges vary based on a particular branch’s location and the locker size. Keep reading this blog to gather complete information about HDFC Bank locker rent.
Latest HDFC Bank Locker Charges and its Types
The HDFC Bank charges locker rent from its customers in advance for the whole year. Here is a table that will give you a brief idea about how the annual rentals vary based on the HDFC locker size:
| Locker Size | Fees in Metro Areas | Fees in Other Urban Areas | Fees in Semi-Urban Areas | Fees in Rural Areas |
| Extra Small | ₹1,350 | ₹1,100 | ₹1,100 | ₹550 |
| Small | ₹2,200 | ₹1,650 | ₹1,200 | ₹850 |
| Medium | ₹4,000 | ₹3,000 | ₹1,550 | ₹1,250 |
| Extra Medium | ₹4,400 | ₹3,300 | ₹1,750 | ₹1,500 |
| Large | ₹10,000 | ₹7,000 | ₹4,000 | ₹3,300 |
| Extra Large | ₹20,000 | ₹15,000 | ₹11,000 | ₹9,000 |
Note: The final HDFC locker charges will be a bit more than the fees discussed in the above table. It will include an 18% GST amount in addition to the rate fixed based on your location.
Features of HDFC Bank Locker
Here are some salient features that you can avail by HDFC Bank locker facility:
1. Convenient Access
You can conveniently access all your locker resources during the regular banking hours of a working day. This flexibility makes locker management a lot easier.
2. Advanced Safety with Modern Security Systems
The safe deposit locker rooms in HDFC Bank branches are equipped with modernised security devices. Moreover, the rooms are built strong for an additional layer of safety.
3. Easy to Add, Modify or Cancel a Nominee
By filling out the appropriate forms (SL1 for adding, SL2 for cancelling and SL3 for modifying), you can change nomination details promptly. The bank staff will help you out in case of any doubts.
4. Highly Competitive Locker Charges
Depending on your needs, be it a small locker for documents or a larger one to keep valuables, the bank staff inform you about the HDFC locker availability. This way you always end up getting the right locker size at a reasonable price.
5. Easy Payment Methods
You can set auto-debit for pending locker rental payments via your HDFC Bank savings account, thereby making the process hassle-free.
Eligibility Criteria to Open a HDFC Bank Locker
Once you know about the HDFC locker charges, you should be aware of all eligibility criteria before applying. Below are the eligibility requirements you must meet to avail the HDFC locker facility.
- Existing account holders of HDFC Bank
- Resident individuals, either in single or joint capacity
- Trusts/Societies/Associations/Clubs
- Limited companies
- Firms
- NRIs (Non-Indian Residents) who are constituents of the bank
There is no point looking for locker charges in HDFC for minors. The bank does not provide a locker opening form to applicants below 18 years old.
Documents Required to Open a HDFC Bank Locker
1. In the case of Individual Applicants
Ensure to keep the following documents handy while applying for a new locker:
- KYC documents (Aadhaar Card, PAN Card, Passport, Driving Licence, Voter’s ID Card)
- Passbook of your HDFC Bank savings or current account
- Passport size photographs
- Security deposit
Besides these papers, when you seek locker custody with a survivorship clause, the bank officials will demand the following documents:
- Copy of the original death certificate
- Claim application (in prescribed format)
- Discharged safe custody receipt with authorised stamp
2. In the case of Other Applicants
Here is a list of documents that are required from other applicants at the time of applying for the HDFC locker facility.
- Partnership/Trust Deed
- Board Resolution
- Copy of Bye Laws
- Certificate of Resolution from a Society, Association or Club
- Authorised Letter specifying the members of the firm can access and operate the locker
HDFC Bank Locker Rules and Regulations
All customers using the HDFC Bank locker facility must follow these rules:
- The locker should be linked with your existing/new HDFC savings or current account.
- A customer can apply for the locker facility either in individual or joint capacity.
- In the case of a joint locker, the primary locker holder will be allowed to add or remove other holders sharing access.
- The locker holder must inform the bank branch immediately in the event of losing the locker key.
Final Word
The HDFC Bank offers extended banking hours to access your locker on all working days. Furthermore, the bank offers a hassle-free process of releasing the locker contents as and when required. With reasonable HDFC locker charges, this facility serves as an ideal means of safeguarding your valuables from unforeseen events.
FAQs
As the HDFC Bank locker rooms are heavily guarded, it is a highly safe choice to keep gold in them. Depending on the amount of jewellery and other belongings you want to store, you can select an appropriate HDFC locker size.
No, RBI has mandated that no bank should insist a locker applicant to open an FD when they already have an existing savings or current bank account with satisfactory deposits.
In case of a robbery, the bank has to pay a sum equivalent to one hundred times the annual rent or final HDFC locker charges paid by the locker holder.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
