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SAFE DEPOSIT LOCKERS - RENTAL

(A).Annual Rental(Amount in Rs.)

Type	Dimension	Metro/urban		Semi-Urban		Rural
Type	H X W	Existing	Revised	Existing	Revised	Existing	Revised
A	5 X 7	600	1000	350	600	350	500
B	6 X 8	750	1200	450	750	450	600
C	5 X 14	1200	1800	750	1100	750	1000
D	7 X 10	1200	1800	750	1100	750	1000
E	6 X 16	1500	2400	900	1200	900	1200
F	11 X 13	2200	3300	1250	1800	1250	1800
G	7 X 21	2200	3300	1250	1800	1250	1800
H	13 X 16	3000	4800	1500	2200	1500	2000
H1	13 X 8	1500	2400	1000	1500	1000	1200
L	16 X 21	4000	6000	2000	3000	2000	2500

(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 April 2007.

(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.

ING Limited

- Last updated 13/06/08

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