On what basis does Union Bank allot lockers to its customers?

The bank allotts lockers on a first-come first-serve basis if an applicant is eligible for a Safe Deposit Locker and complies with the KYC norms.

Is it mandatory for the existing locker holders to abide by a revised Locker Agreement?

Yes, all existing locker holders should execute the revised Locker Agreement as per RBI's revised guidelines on locker.

Who is permitted to operate a Union Bank Safe Deposit Locker?

Once the bank representative verifies and records the applicant’s identity, he/she permits the operation of a locker to the locker holder and/or the person duly authorised by the locker holder.

How many locker operations are free?

A locker holder can access the facility for free 12 times a year. Beyond that, accessing one’s locker is subject to standard Union Bank locker charges.

Union Bank Locker Charges 2025 - How to Open Online?

Stable Money Team

Author Updated on May 18, 2025

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Union Bank's one of value-added services is the Safe Deposit Locker facility which offers specially manufactured lockers to keep the valuables of the hirers in exceptionally built strong rooms. Based on the needs and suitability of the customers, the sizes of different lockers vary. To know more about this facility, Union Bank locker charges and other associated details, continue reading this blog.

Latest Union Bank Locker Changes and Its Types

Union Bank customers have to pay the rent (charged annually) in advance for Safe Deposit Lockers. Go through the table to comprehend how Union Bank locker charges vary with the size of the locker and the location of the branch:

Size of Locker	Rural/Semi Urban Branches	Urban Branches	Metro Branches
Area (in cubic inches)	Basic Service Charges (₹)	GST (₹) at 18%	Total (₹)	Basic Service Charges (₹)	GST (₹) at 18%	Total (₹)	Basic Service Charges (₹)	GST (₹) at 18%	Total (₹)
491	1,100	198	1,298	1,400	252	1,652	1,700	306	2,006
544	1,100	198	1,298	1,400	252	1,652	1,700	306	2,006
550	1,100	198	1,298	1,400	252	1,652	1,700	306	2,006
781	1,200	216	1,416	1,500	270	1,770	1,800	324	2,124
850	1,300	234	1,534	1,600	288	1,888	2,000	360	2,360
859	1,300	234	1,534	1,600	288	1,888	2,000	360	2,360
1085	1,400	252	1,652	2,000	360	2,360	2,600	468	3,068
1197	1,400	252	1,652	2,100	378	2,478	2,700	486	3,186
1200	1,400	252	1,652	2,100	378	2,478	2,700	486	3,186
1215	1,400	252	1,652	2,100	378	2,478	2,700	486	3,186
1337	1,500	270	1,770	2,200	396	2,596	2,800	504	3,304
1350	1,500	270	1,770	2,200	396	2,596	2,800	504	3,304
1550	1,600	288	1,888	2,300	414	2,714	3,300	594	3,894
1657	2,000	360	2,360	2,700	486	3,186	3,400	612	4,012
1702	2,000	360	2,360	2,700	486	3,186	3,500	630	4,130
1800	2,100	378	2,478	2,800	504	3,304	3,600	648	4,248
1872	2,100	378	2,478	2,800	504	3,304	3,600	648	4,248
2510	2,800	504	3,304	3,300	594	3,894	4,200	756	4,956
2583	2,800	504	3,304	3,300	594	3,894	4,200	756	4,956
2685	2,900	522	3,422	3,400	612	4,012	4,300	774	5,074
2700	2,900	522	3,422	3,500	630	4,130	5,200	936	6,136
2750	2,900	522	3,422	3,500	630	4,130	5,300	954	6,254
2842	3,000	540	3,540	3,600	648	4,248	5,600	1,008	6,608
3500	3,100	558	3,658	4,200	756	4,956	6,300	1,134	7,434
3611	3,600	648	4,248	4,500	810	5,310	6,400	1,152	7,552
3973	3,600	648	4,248	4,800	864	5,664	6,600	1,188	7,788
4000	3,600	648	4,248	4,800	864	5,664	7,000	1,260	8,260
5100	3,700	666	4,366	4,800	864	5,664	8,000	1,440	9,440
5428	4,100	738	4,838	6,100	1,098	7,198	8,100	1,458	9,558
5718	4,200	756	4,956	6,200	1,116	7,316	8,200	1,476	9,676
6500	4,300	774	5,074	6,300	1,134	7,434	9,200	1,656	10,856
7000	4,400	792	5,192	6,300	1,134	7,434	10,200	1,836	12,036
7500	4,500	810	5,310	6,600	1,188	7,788	11,400	2,052	13,452

Note: The Union Bank of India locker charges mentioned in this table are effective from 01.04.2022.

Features of Union Bank Locker

Here are some of the notable features of Union Bank locker that you can benefit from:

These lockers of various sizes are available across different locations in India.
The size of the locker and the branch location determine the final Union Bank locker charges.
Safe Deposit Lockers of Union Bank comes with a nomination facility.
The process of payment for this locker facility is hassle-free.
The lockers are accessible during bank hours on all working days.

Eligibility Criteria to Open a Union Bank Locker

As you are aware of the Union Bank locker charges and types, you may want to know the eligibility criteria to open a locker. If you are someone from the list below, you are eligible to rent a locker.

Individuals
Joint Account Holders
Companies
Partnership Firms
Associations and Clubs

Documents Required to Open a Union Bank Locker

You have to submit the following documents to rent a Union Bank Locker:

Revised Model Locker Agreement
Application for Allotment of Locker
Passport size Photograph
KYC documents
Current or Savings account details
Security Deposit

How to Open Union Bank Locker Online?

To open a Union Bank Locker online, you have to follow the steps below:

Step 1: Visit the official net banking website of Union Bank of India and navigate to ‘Products’.
Step 2: Find ‘Lockers/Other Services’ and click on it.
Step 3: On the new page, click on ‘Online Locker Registration’.
Step 4: Select the appropriate ‘State’, ‘District’, and ‘Branch’. Then click on ‘Register’.
Step 5: Enter the required details such as particulars, contact details, address and locker types. Fill in the captcha code.
Step 6: Select the ‘I Agree to Terms and Conditions ’ box and click on ‘Send OTP’.

You will receive an OTP on the mobile number you entered. After that, a bank representative will contact you and guide you with further instructions on how to open a Union Bank locker.

How to Open Union Bank Locker Offline?

To open a locker offline, you need to follow the steps below:

Step 1: Visit your nearest Union Bank branch and obtain a Safe Deposit Locker opening application form.
Step 2: Fill out the form and attach the required documents.
Step 3: Pay an advance amount of 3 years and you will receive the key and password for your locker along with other crucial information.

Union Bank Locker Rules & Regulations

The locker holder has to follow some guidelines to operate or use a locker. Here are some of the rules and regulations you need to abide by while using Union Bank Lockers.

The locker is for the customer’s personal use and no other person can access it.
Union Bank’s Safe Deposit Locker is non-transferable.
Safe Deposit Lockers are not for storing any cash but for valuables like documents and jewellery.
One can not store the following items in a locker: Weapons, arms, explosives, contraband materials, illegal, perishable, or radioactive materials, and materials that can cause nuisance to the bank and its other customers.
If the bank notifies a user of a specific locker operation time, the user can only access his/her locker at that time. Otherwise, it is accessible on all working days.
A locker holder has to use the identification mechanism that the bank has offered to access his/her locker and not any other means.
In case a hirer fails to pay the due rent on a locker, or fails to submit proof of identity at the time of application, the bank will refuse access to the locker.

Final Word

With reasonable Union Bank locker charges, you can keep valuables, important documents, insurance policies, gemstones, and sentimental keepsakes secured. Depending on your need and your location the charges for Safe Deposit Lockers will vary but you can expect the complete safety of your priceless belongings.