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Bank locker charges 2026: SBI vs HDFC vs ICICI. Which bank offers the cheapest locker?
7 min read | Updated on March 05, 2026, 07:17 IST
SUMMARY
In this article, we break down the latest SBI locker charges 2026, HDFC Bank locker charges 2026, and ICICI Bank locker charges 2026, covering metro, urban, semi-urban, and rural branches.
Whether you need a small locker for documents or a large one for gold jewellery and valuables, this comparison will help you choose the right bank based on cost and convenience. | Image: Shutterstock.
Choosing the right bank locker in 2026 isn’t just about availability; it’s about comparing annual rentals, locker sizes, branch categories, and additional charges before making a decision.
In this article, we break down the latest SBI locker charges 2026, HDFC Bank locker charges 2026, and ICICI Bank locker charges 2026, covering metro, urban, semi-urban, and rural branches.
HDFC Bank locker charges 2026
HDFC Bank offers lockers in various sizes with annual rental charges (excluding GST) that vary depending on the branch location.
For extra small lockers, the charges are ₹4,000 in Metro Plus branches, ₹3,300 in Metro branches, ₹2,200 in Urban and Semi-Urban branches, and ₹1,000 in Rural branches.
Small lockers cost ₹7,500 in Metro Plus, ₹5,000 in Metro, ₹4,000 in Urban, ₹3,000 in Semi-Urban, and ₹2,000 in Rural locations. Medium lockers are priced at ₹12,500 for Metro Plus, ₹10,000 for Metro, ₹7,500 for Urban, ₹5,000 for Semi-Urban, and ₹4,000 for Rural branches.
Extra Medium lockers come at ₹15,000 in Metro Plus, ₹12,500 in Metro, ₹8,000 in Urban, ₹5,000 in Semi-Urban, and ₹4,000 in Rural areas. Large lockers attract rentals of ₹20,000 in Metro Plus, ₹15,000 in Metro, ₹10,000 in Urban, ₹8,000 in Semi-Urban, and ₹6,000 in Rural branches.
Extra Large lockers are available at ₹40,000 in Metro Plus, ₹20,000 in Metro, ₹15,000 in Urban, ₹10,000 in Semi-Urban, and ₹8,000 in Rural branches. These Fees & Charges of Annual Safe Deposit Locker Rental are w.e.f. 1st April 2026
| Size | Metro Plus | Metro | Urban | Semi‑Urban | Rural |
|---|---|---|---|---|---|
| Extra Small | ₹4,000 | ₹3,300 | ₹2,200 | ₹2,200 | ₹1,000 |
| Small | ₹7,500 | ₹5,000 | ₹4,000 | ₹3,000 | ₹2,000 |
| Medium | ₹12,500 | ₹10,000 | ₹7,500 | ₹5,000 | ₹4,000 |
| Extra Medium | ₹15,000 | ₹12,500 | ₹8,000 | ₹5,000 | ₹4,000 |
| Large | ₹20,000 | ₹15,000 | ₹10,000 | ₹8,000 | ₹6,000 |
| Extra Large | ₹40,000 | ₹20,000 | ₹15,000 | ₹10,000 | ₹8,000 |
SBI locker charges 2026
SBI offers safe deposit lockers in various sizes and types across urban, metro, semi-urban, and rural branches. The sizes range from Size A (125 x 175 x 492 mm) up to Size L1 (385 x 529 x 492 mm), accommodating different storage needs.
Annual locker rent for urban and metro branches is ₹2,000+GST for small lockers, ₹4,000+GST for medium, ₹8,000+GST for large, and ₹12,000+GST for extra large lockers.
For rural and semi-urban branches, the charges are ₹1,500+GST, ₹3,000+GST, ₹6,000+GST, and ₹9,000+GST, respectively.
Salary package account holders enjoy concessions on locker rent: Platinum variant accounts get 25% off, while diamond variant accounts receive 15% off.
One-time charges apply for locker registration or breaking open a locker due to loss of key or non-payment: ₹500+GST for small/medium lockers and ₹1,000+GST for large/extra large lockers, along with actual expenditure for changing locks.
Locker visits are free for the first 12 visits per year; subsequent visits are charged ₹100+GST per visit. Locker rent overdue charges are applied quarterly at 10%, 20%, 30%, and 40% of the annual rent if unpaid by the specified dates. Lockers overdue for more than one year may be broken open.
For safe deposit articles, SBI charges ₹300+GST per quarter for envelopes and ₹500+GST per quarter for large packets (max dimension 100 cm). Safe custody charges for scrips are ₹150+GST per scrip (minimum ₹300+GST per year or part thereof).
| Locker Type | Urban & Metro Charges | Rural & Semi‑Urban Charges |
|---|---|---|
| Small | ₹2,000 + GST | ₹1,500 + GST |
| Medium | ₹4,000 + GST | ₹3,000 + GST |
| Large | ₹8,000 + GST | ₹6,000 + GST |
| Extra Large | ₹12,000 + GST | ₹9,000 + GST |
ICICI Bank locker charges 2026
ICICI Bank locker rentals vary depending on locker size and branch location, and are charged annually in advance.
For small lockers, the rent starts at ₹1,200 in rural branches, ₹2,000 in semi-urban, ₹3,000 in urban, ₹3,500 in metro, and ₹4,000 in metro plus branches.
Medium lockers cost ₹2,500 in rural areas, ₹5,000 in semi-urban areas, ₹6,000 in urban areas, ₹7,500 in metro areas, and ₹9,000 in metro plus branches.
Large lockers are priced at ₹4,000 in rural areas, ₹7,000 in semi-urban areas, ₹10,000 in urban areas, ₹13,000 in metro areas, and ₹15,000 in metro plus branches.
Extra Large lockers have annual rentals of ₹10,000 in rural areas, ₹15,000 in semi-urban areas, ₹16,000 in urban areas, ₹20,000 in metro areas, and ₹22,000 in metro plus branches.
| Size | Rural | Semi‑Urban | Urban | Metro | Metro+ |
|---|---|---|---|---|---|
| Small | ₹1,200 | ₹2,000 | ₹3,000 | ₹3,500 | ₹4,000 |
| Medium | ₹2,500 | ₹5,000 | ₹6,000 | ₹7,500 | ₹9,000 |
| Large | ₹4,000 | ₹7,000 | ₹10,000 | ₹13,000 | ₹15,000 |
| Extra Large | ₹10,000 | ₹15,000 | ₹16,000 | ₹20,000 | ₹22,000 |
When comparing locker rentals across State Bank of India, HDFC Bank, and ICICI Bank, the right choice depends on your branch location and locker size requirement.
| Branch Type \ Size | Extra Small | Small | Medium | Extra Medium | Large | Extra Large |
|---|---|---|---|---|---|---|
| Metro+ (HDFC / ICICI) | HDFC: 4,000 / ICICI: – | HDFC: 7,500 / ICICI: 4,000 | HDFC: 12,500 / ICICI: 9,000 | HDFC: 15,000 / ICICI: – | HDFC: 20,000 / ICICI: 15,000 | HDFC: 40,000 / ICICI: 22,000 |
| Metro (All) | HDFC: 3,300 / ICICI: 3,500 / SBI: 2,000 | HDFC: 5,000 / ICICI: 7,500 / SBI: 4,000 | HDFC: 10,000 / ICICI: – / SBI: 8,000 | HDFC: 12,500 / ICICI: – / SBI: 12,000 | ||
| Urban (All) | HDFC: 2,200 / ICICI: – / SBI: 2,000 | HDFC: 4,000 / ICICI: 6,000 / SBI: 4,000 | HDFC: 7,500 / ICICI: – / SBI: 8,000 | HDFC: 8,000 / ICICI: – / SBI: 12,000 | ||
| Semi‑Urban (All) | HDFC: 2,200 / ICICI: – / SBI: 1,500 | HDFC: 3,000 / ICICI: 5,000 / SBI: 3,000 | HDFC: 5,000 / ICICI: – / SBI: 6,000 | HDFC: 5,000 / ICICI: – / SBI: 9,000 | ||
| Rural (All) | HDFC: 1,000 / ICICI: – / SBI: 1,500 | HDFC: 2,000 / ICICI: 2,500 / SBI: 3,000 | HDFC: 4,000 / ICICI: – / SBI: 6,000 | HDFC: 4,000 / ICICI: – / SBI: 9,000 |
HDFC Bank offers a wide range of locker sizes, including extra small and extra medium options, but rentals in Metro Plus branches are among the highest.
ICICI Bank sits between SBI and HDFC in pricing, with competitive rates in rural and semi-urban branches, particularly for small lockers.
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