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SAFE DEPOSIT LOCKERS - RENTAL

 

(A). ANNUAL RENTAL (AMOUNT IN RS.)

Type Dimension Metro/urban Semi-Urban Rural
H X W Existing Revised Existing Revised Existing Revised
A 5 X 7 1000 1500 600 1000 500 750
B 6 X 8 1200 2000 750 1500 600 900
C 5 X 14 1800 3000 1100 2000 1000 1250
D 7 X 10 1800 3000 1100 2000 1000 1250
E 6 X 16 2400 4000 1200 2500 1200 1500
F 11 X 13 3300 5500 1800 3500 1800 2500
G 7 X 21 3300 5500 1800 3500 1800 2500
H 13 X 16 4800 7000 2200 4500 2000 3000
H1 13 X 8 2400 4500 1500 3000 1200 1500
L 16 X 21 6000 9000 3000 5000 2500 4000
                                      (Rentals indicated above are exclusive of applicable service tax)

Rentals for new lockers - Revised Locker Rentals will be applicable to all new allotments with immediate effect.
Rentals for Existing lockers - The revised rental will be applicable w.e.f. 1st August 2009.
 
 
(B). SURRENDER OF SAFE DEPOSIT LOCKER - REFUND OF RENTAL
 
Surrendered within 3 months 6 months rent is to be charged and balance can be refunded
Surrendered after 3 months but before 6 months 9 months rent is to be charged and balance can be refunded
Surrendered after 6 months 1 year rent is to be charged and balance can be refunded
Surrendered by the customer at the insistence of the Bank Rent is to be charged for the actual period for which the locker was used and the balance amount can be refunded.
 
(C). INTEREST FOR DELAYED PAYMENT OF LOCKER RENT

Locker rent is payable before 30th April every year.
Interest at the rate of Rs.25/- per month or part there of will be collected for delayed payment.
 
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