Latest SBI Locker Charges 2024

A bank locker is the safest place to store valuable items like cash, necessary documents, and Jewellery along with other precious things. The risks and threats of expensive items getting stolen reduce.

Several banks offer locker facilities. It is not that easy to open a bank locker. Before beginning one, you need to do a lot of homework. The bank takes the responsibility of keeping the customer’s assets secure.

The customers have to pay modest charges to the bank. Fees for the bank lockers vary with size. If you have an account with the State Bank of India, it is preferable for you to open a cabinet at your home branch.

Before you open the locker, learn about the SBI Locker charges.

SBI Locker Rent charges

  • For Small-sized lockers, the customers in the Urban and Metro cities will have to pay Rs 2000 + GST while the customers in the Rural and Semi-Urban areas will have to pay Rs 1500 + GST.
  • For the Medium-sized lockers, the Urban and Metro customers need to pay Rs 4000 + GST, and the Rural and Semi-Urban customers need to pay Rs 3000 + GST.
  • The rent charges for the Large-sized lockers are Rs 8000 + GST for the Metro and Urban customers while the rent charges for Semi-Urban and Rural customers are Rs 6000 + GST.
  • SBI charges for Extra Large sized lockers are Rs 12000 + GST for the Metro and Urban customers while for the Semi-Urban and Rural customers, the rent charge is Rs 9000 + GST.
URBAN(Amount excluding GST)
AND RURAL(Amount excluding GST)
SMALL Rs. 2000 Rs. 1500
MEDIUM Rs. 4000 Rs. 3000
LARGE Rs. 8000 Rs. 6000
Rs. 12000  Rs. 9000

SBI Locker Charges

Other SBI Locker Charges

Type Charges
One-Time Locker Registration Charge Small/ Medium: Rs. 500+GST
Large/Extra Large: Rs. 1000+GST
Breaking open of Locker Rs. 1000 + GST
Locker Visit Charges 12 visits free
Thereafter: Rs. 100 + GST per visit
Locker rent overdue charge 1st Qtr 10%
2nd Qtr 20%
3rd Qtr 30%
1 Year 40%

Table Updated: 20 February 2024

Additional expenses charged by SBI for locker facilities

  • SBI Charges one-time locker registration fees. For small and medium-sized lockers, SBI charges Rs 500+ GST while for the Large and Extra Large lockers, the charge is Rs 1000 + GST.
  • If you lost the locker key, you need to pay a fine of Rs 1000 + GST.
  • If you are a defaulter customer not making payment for locker rent, you need to pay R,s 1000 + GST.
  • The bank would charge extra expenses for breaking open the locker and replacing a new lock if in case you lost the key.
  • SBI offers 12 visits free, but customers have to pay Rs 100 + GST every time they visit after the end of free visits.

In every section, i.e., Small, Medium, Large, and Extra Large, SBI offers lockers of varying sizes. The locker users need to pay the rent charges annually. SBI provides concessions on the locker rents for variant accounts.

Select the appropriate locker size and keep your valuable items safe. Visit the SBI Bank and discuss the facilities and terms before registering a locker.


  1. I had a locker in Kovipudur Coimbatore (SBI) and I recently closed it. But they refuse to refund rent for the availed period; I paid rent in advance for the full year and after 3 months I closed it. I requested them to pay the proportionate rent on my locker for unavailed period of 9 months. please clarify and let me to whom the problem can be addressed.

  2. SBI, Kanjikuzhy, Kottayam is a semi-urban branch. But the branch is charging urban branch rental rates for its lockers. Please check.

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