Introduction:

The State Bank of India (SBI) provides secure locker facilities for storing valuables like cash, important documents, and jewelry, ensuring a reduced risk of theft. Accessing these lockers requires preparation, as the bank holds the responsibility for securing its customers' assets. Customers pay nominal charges for locker facilities, which vary by locker size and location. SBI account holders are recommended to open lockers at their home branch. Below are the SBI locker charges outlined for reference:

SBI Locker Rent Charges:

• Small-sized lockers for Urban and Metro areas: Rs 2000 + GST; for Rural and Semi-Urban: Rs 1500 + GST.
• Medium-sized lockers: Rs 4000 + GST for Urban/Metro; Rs 3000 + GST for Rural/Semi-Urban.
• Large-sized lockers: Rs 8000 + GST for Metro/Urban; Rs 6000 + GST for Semi-Urban/Rural.
• Extra Large-sized lockers: Rs 12000 + GST for Metro/Urban; Rs 9000 + GST for Semi-Urban/Rural.

SBI Locker Charges (GST Excluded):

Additional SBI Locker Charges:

• One-Time Locker Registration Charge: Rs 500 + GST for Small/Medium; Rs 1000 + GST for Large/Extra Large lockers.
• Breaking open Locker: Rs 1000 + GST fee if the key is lost.
• Locker Visit Charges: 12 free visits; thereafter Rs 100 + GST per visit.
• Locker Rent Overdue Charge: Incremental charges apply starting at 10% for the 1st Quarter, escalating up to 40% for 1 Year of non-payment.

SBI additionally charges for locker replacement and lost key scenarios. Customers should assess their needs and choose the suitable locker size. A visit to an SBI branch for discussing facilities and terms, followed by locker registration, is advisable.