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Having a bank locker is a safe and secure way to store valuable items such as gold, important documents, and other precious belongings. The State Bank of India (SBI) offers safe deposit lockers to its customers at affordable rates. If you are planning to rent a locker at SBI, you must be aware of the SBI locker charges, eligibility, types of lockers, documents required, and other important details.
What is an SBI Bank Locker?
An SBI bank locker is a safe deposit box available at SBI branches where customers can securely store their valuables. SBI offers different locker sizes (small, medium, large, and extra-large) with varying rent prices depending on the location (urban, metro, semi-urban, and rural).
Types of Bank Lockers in SBI
SBI provides four types of lockers based on their size:
- Small Lockers: Suitable for keeping small valuables such as jewellery, important documents, or a few gold coins.
- Medium Lockers: Ideal for storing a larger quantity of jewellery and valuable documents.
- Large Lockers: Suitable for individuals who want to store multiple items, including bulk jewellery, legal documents, or other valuables.
- Extra Large Lockers: The biggest locker type, ideal for high-value storage needs.
SBI Bank Locker Charges 2025
SBI locker charges vary depending on the size of the locker and the location of the bank branch. Below are the updated SBI locker charges for 2025:
| Locker Size | Urban & Metro (Annual Rent) | Rural & Semi-Urban (Annual Rent) |
|---|---|---|
Small | ₹1500 + GST | ₹1000 + GST |
Medium | ₹3000 + GST | ₹2000 + GST |
Large | ₹6000 + GST | ₹5000 + GST |
Extra Large | ₹9000 + GST | ₹7000 + GST |
Note: GST (Goods and Services Tax) is applicable as per government regulations.
SBI Locker Charges for Gold Storage
If you plan to store gold jewellery in an SBI locker, you will be charged as per the locker size and branch location. SBI does not have a specific charge for gold storage alone. You need to rent a locker based on your storage needs.
SBI Locker Opening Process
If you wish to open an SBI locker, follow these steps:
Step 1: Check Locker Availability
Visit the nearest SBI branch and inquire about locker availability. Due to high demand, lockers may not always be available immediately. You can also visit the online locker enquiry page of the State Bank of India to check the availability according to your PIN code.Step 2: Submit an Application
Fill out the locker rental application form and submit it along with the required documents.
Step 3: Pay Locker Registration Charges
A one-time locker registration charge applies, which varies based on the locker size as provided above.
Step 4: Receive the Locker Key
If lockers aren't available right away, the bank will issue a waitlist number. SBI allocates new lockers strictly on a first-come, first-served basis. Once your locker is allotted, you will receive a key to access it.
Recommended Read: SBI Bank Timings - SBI Working Hours & Lunch Timings
How to Check SBI Locker Availability?
To check the availability of SBI lockers near you, visit the online locker enquiry page of the State Bank of India.
- Once on the page, provide your state, district name, pin code, and captcha, then click on ‘Submit’.
- You will then see a list of branch names along with locker availability.
- After obtaining this information, visit the respective branch and consult with bank officials to proceed with the locker booking process.
SBI Locker Eligibility and Documents Required
To apply for an SBI locker, you must fulfil the eligibility criteria and submit the necessary documents.
Eligibility Criteria:
- Must be an SBI savings or current account holder.
- Must have a valid KYC-compliant identity.
- Should be willing to maintain a security deposit (fixed deposit) if required.
Documents Required:
- Identity Proof (Aadhaar Card, Passport, PAN Card, Voter ID, or Driving License)
- Address Proof (Aadhaar Card, Passport, Utility Bill, or Rental Agreement)
- Recent Passport-size Photographs
- SBI Account Details (Bank passbook or account statement)
- Fixed Deposit Receipt (if required as a security deposit)
Locker Rent Overdue Charges
If you fail to pay your annual locker rent on time, SBI will charge overdue fees:
Overdue Period | Additional Charges |
|---|---|
1st Quarter | 10% of Annual Rent |
2nd Quarter | 20% of Annual Rent |
3rd Quarter | 30% of Annual Rent |
1 Year | 40% of Annual Rent |
SBI Locker Operation Rules
- Customers can access their locker during branch working hours.
- The locker should be operated at least once a year.
- If a locker remains inactive for more than a year, SBI may issue a notice.
- In case of non-payment of rent, the bank has the right to break open the locker.
- Lockers can be held jointly, but access will be provided based on the agreement.
Recommended Read: SBI Savings Account, Interest Rate | How to Apply & Eligibility
Disclaimer: All the features, charges, steps, and other information specified above are sourced when this page was written and are subject to change. For exact information, refer to the SBI website or contact them.
Frequently Asked Questions:
1. What are the SBI locker charges in 2025?
SBI locker charges depend on the size and location of the branch, starting from ₹1000 + GST for small lockers in rural areas and going up to ₹9000 + GST for extra-large lockers in metro cities.
2. How can I check SBI locker availability?
You can check SBI locker availability by visiting the nearest SBI branch or using the online locker enquiry page, where you need to enter your state, district, pin code, and captcha.
3. What documents are required to open an SBI locker?
You need identity proof (Aadhaar, PAN, Passport, etc.), address proof, passport-size photographs, an active SBI account, and a fixed deposit receipt (if required).
4. Does SBI require a security deposit for lockers?
Yes, SBI may require a fixed deposit equivalent to at least three years of locker rent as a security measure, which varies based on locker size.
5. What happens if I don’t pay my locker rent on time?
SBI charges overdue fees ranging from 10% to 40% of the annual rent depending on the delay period, and prolonged non-payment may result in the locker being broken open by the bank.
6. Can I store gold in an SBI locker?
Yes, you can store gold in an SBI locker, but the rental charges remain the same based on the locker size and location, as there are no separate charges for gold storage.
7. How many free visits do I get for my SBI locker?
SBI allows 12 free visits per year, after which a ₹100 + GST per visit charge applies for additional visits.
Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
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