Punjab National Bank is an Indian public sector bank, established in May 1894. In terms of business volume, it is the 3rd largest Indian bank having subsidiaries in the United Kingdom, Dubai, Hong Kong, and Kabul. PNB has won various prestigious awards like the IBSi awards, the 23rd annual Greentech Award and many more in recognition of its outstanding banking services.
Among its diverse array of services, the bank offers a locker facility with reasonable PNB bank locker charges. Keep reading to know more about it.
Latest PNB Bank Locker Charges and its Types
PNB Bank offers a variety of lockers having 13 different sizes. As per the sizes, they have categorised the locker types into the following five variants, each with varying PNB bank locker charges:
| S.No | Size (Height x Width x Depth) in mm | Total Volume (in Cu inch)1 inch = 25.40 mm | Locker Category | Locker Rent | |
| 2 | 159 x210x492 | 1002.49 | Small | ₹1,250 for rural and semi-urban areas ₹2,000 for urban and metro areas | |
| 3 | 125x352x492 | 1321.04 | Medium | ₹2,500 for rural and semi-urban areas ₹3,500 for urban and metro areas | |
| 4 | 189x263x492 | 1492.39 | Medium | ₹2,500 for rural and semi-urban areas ₹3,500 for urban and metro areas | |
| 5 | 159x423x492 | 2019.30 | Medium | ₹2,500 for rural and semi-urban areas ₹3,500 for urban and metro areas | |
| 6 | 321x210x492 | 2023.90 | Medium | ₹2,500 for rural and semi-urban areas ₹3,500 for urban and metro areas | |
| 7 | 278x352x492 | 2938.00 | Large | ₹3,000 for rural and semi-urban areas ₹5,500 for urban and metro areas | |
| 8 | 189x529x492 | 3001.80 | Large | ₹3,000 for rural and semi-urban areas ₹5,500 for urban and metro areas | |
| 9 | 321x423x492 | 4076.71 | Large | ₹3,000 for rural and semi-urban areas ₹5,500 for urban and metro areas | |
| 10 | 152.40×406.40×520.70 | 1967.99 | Very Large | ₹6,000 for rural and semi-urban areas ₹8,000 for urban and metro areas | |
| 11 | 266.70×330.20×520.70 | 2798.24 | Very Large | ₹6,000 for rural and semi-urban areas ₹8,000 for urban and metro areas | |
| 12 | 385x529x492 | 6114.77 | Extra Large | ₹10,000 | |
| 13 | 404x529x492 | 6416.54 | Extra Large | ₹10,000 | |
Features of Punjab National Bank Locker
Besides reasonable PNB bank locker charges, here are some other prime features of the bank lockers:
- You can keep confidential documents in the locker. Other than documents, you can store your valuable things.
- PNB Bank offers a varied array of lockers of different price ranges, thereby allowing applicants to choose at their convenience.
- These bank lockers come with the additional benefit of a nomination facility for the bank customers.
- The PNB lockers are easily accessible within banking hours on all working days.
- By choosing this facility, you will get six free visits till six months after opening the locker.
- PNB offers a hassle-free payment facility for locker rent to their customers.
- The bank has a dual key system (one key is for the customer and the other is for the bank) to ensure optimal security.
Eligibility Criteria to Open a Punjab National Bank Locker
Take a look at the eligibility criteria to open a bank locker in PNB.
- Resident Individual (singly or jointly)
- Limited Companies
- Trusts/Clubs/Societies/Associations
- Non-Indian Residents (who are constituents of the PNB bank)
- Illiterate or Blind Individuals
Documents Required to Open a Punjab National Bank Locker
If you are planning to open a bank locker and pay for the locker charges in PNB bank, keep all the below-listed documents handy as it will ease out your whole banking process.
- Passport-size photograph of the applicant
- Security Deposits
- KYC documents of the applicant
- Bank statement of PNB savings or current account
- Locker Agreement
Punjab National Bank Locker Rules & Regulations
Kindly refer to the below mentioned points to learn about the PNB locker rules and regulations.
- You have to visit the nearby branch during PNB banking hours for the execution of the Locker agreement.
- PNB Bank implies charges for the execution of the agreement as per the State Stamp Act.
- Customers applying for locker facilities are liable to pay the stamp duty.
- The bank has the right to forcibly open a locker and deal with the content of a locker holder if deemed necessary.
Final Words
Starting from gold jewellery to confidential bonds, you can keep it all in your PNB locker. Now that you have a clear idea about PNB bank locker charges and other associated details, you can avail this bank facility without further ado to safeguard your valuables.
FAQs
No, you do not need to pay for the PNB Bank locker facilities every month. The PNB bank charges an annual locker rent for its services.
No, an individual below 18 years old cannot avail the facility of PNB lockers.
Yes, the bank will charge a refundable security deposit of ₹1,000 for each PNB locker you open.
Yes, the Punjab National Bank will charge ₹100 for each additional visit after 12 free locker visits.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
