Safety Locker

Now a days customer needs safe place to keep their valuable things like Documents, Gold and Silver Ornaments, so we offer Safe Locker facility in our Bank. The nominal annual rent is charged for the lockers depending on the size of the locker. Our bank provide this service to the Customers with three types of locker sizes :-

  • 1. Small
  • 2. Medium
  • 3. Large

Eligibility of Locker Holders :

  • Lockers should ordinarily be rented to individuals in single or joint names with modes of operation as Either OR Survivor, Any OR Survivor, Former OR Survivor, Jointly etc.
  • Lockers may be also rented to Hindu Un-divided Family (HUF), Partnership Firms and Limited Companies, Registered Societies, Associations, Clubs, etc. in special cases and genuine requirements by following the specific guidelines.
  • Lockers cannot be rented to Minors either single orjointly. Locker facility is not allowed for illiterate persons.
Nomination Facility for Locker Holders :

Nomination facility is available to the hirers of safe deposit lockers. Nomination enables the Bank to release the contents of a locker to the nominee of the hirer, after making an inventory of the contents of the locker.

Locker Rent and Security Deposit : :

Sr.No. Locker Type Rent per year Security Deposit (For 3-5 years)
1 Small Size 1000/- + Taxes 25,000/-
2 Medium Size 2000/- + Taxes 50,000/-
3 Large Size 3500/- + Taxes 75,000/-
Service Charges for Lockers :

Locker Registration Charges: No One-time Locker registration charges at the time of opening of locker.

Operation Charges: Locker operation charges at Rs. 100/- per visit plus taxes as applicable for more than 12 visits in ayear.

Break Open of Locker Charges : Charges as per the Locker Break Open Vendor decided plus taxes as per occasion as applicable at the time of break open of locker over and above the recovery of actual break-open expenses

The Shahada People's Co-op Bank Ltd
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