SBI Revises Locker Rent Charges 2023: Check New Charges, Availability, Rules, Facility, And More
State Bank of India (SBI) Locker Rent Charges 2023
The rent for lockers at the State Bank of India (SBI) has changed, and the price depends on the location and size of the locker. Additionally, it asks that the locker holding branch sign the updated or supplemented locker agreement as necessary.
By June 30, 2023, the Reserve Bank of India has ordered all banks to ensure that at least 50 percent of its locker holders have signed the new agreement. Banks must also get 75 percent of their customers to sign the contract by September 30 and achieve 100 percent compliance by December 31.
SBI's Small Locker Rent Charge
SBI's Medium Locker Rent Charge
SBI's Large Locker Rent Charge
SBI's Extra Large Locker Rent
SBI Locker Visit Charges
SBI Locker Registration Charge
Locker Rent Overdue Charge
The bank assesses a late fee of 10 percent of the annual rent to be collected as the locker rent for the first quarter. The bank charges 20 percent and 30 percent in the second and third quarters, respectively. The bank assesses a 40 percent late fee for one year's worth of unpaid locker rent. Banks have been breaking into lockers for more than a year.