Which bank has lowest locker rent?

1. In State Bank of India (SBI), charges for the smallest locker amount to ₹ 1,100 in a metro city.

How much do bank lockers cost?

Currently, state-owned banks charge Rs 2,000 as annual rent for a small safe deposit locker and Rs 4,000 for a medium-sized one in urban and metro areas. The annual rent for a large locker is Rs 8,000. In addition, a customer has to also pay the applicable GST.

What happens if locker rent is not paid?

Banks, however, should not insist on such Term Deposits from the existing locker holders or those who have a satisfactory operative account, it said. Banks will have the discretion to break open any locker following due procedure if the rent has not been paid by the customer for three years in a row.

Can you put cash in locker?

Here is the official statement released by the bank: However, according to the RBI, banks are in no way responsible or liable for the content kept in the locker, even in the event of theft, burglary or similar unforeseen events. Since the cash was eaten up in the locker, the bank can’t be responsible for that.

What is GST on locker rent?

HSN Code 8303

HS Code Description GST%
830300 Armoured or reinforced safes, strongboxes and doors and safe deposit lockers for strongrooms, cash or deed boxes and the like, of base metal 18%

What is the locker rent in PNB bank?

Annual PNB Locker rent charges:

Locker Size Rural & Semi-Urban Urban & Metro
Small Rs. 1000 Rs. 1500
Medium Rs. 2000 Rs. 3000
Large Rs. 2500 Rs. 5000
Very Large Rs. 5000 Rs. 7500

Can you keep money bank locker?

What is the maximum amount of Cheque?

As per the RBI guidelines issued last year, banks can enable this facility for all account holders for cheque amounts of Rs 50,000 and above at the discretion of the account holder. However, banks may consider making it mandatory for cheques of above Rs 5 lakh.

Is it better to rent or buy lockers in Singapore?

Locker & Lock offers a wide range of products – locker rental services, lockers and locks are available to match your storage capacity needs in Singapore. If you are looking for storage capacity but not looking to purchase lockers, the locker rental services might be a better option.

How do I rent a locker?

Go! Rent a locker in 3 easy steps: 1. Register for an Account Creating an account is free! 2. Quick Payment Credit and Debit Cards, Bank Account, Virtual Account 3. Done! Your locker booking has been successful! Contact Us Frequently Asked Questions

Who are Bingo lockers?

Who we are? Bingo Lockers provides customized, secure, and reliable electronic locker storage, coin operated locker storage and concierge/bag check solutions for your venue anywhere in Singapore. We not only provide the best in class locker, we do it at absolutely no cost to you!