Are you looking to know about Bank of Baroda Locker charges/rent? If yes then you came to right blog article.
Sometimes, keeping valuable things like jewelry and important papers at home can feel unsafe. Many people understand this concern and seek secure locker options. To address this need, Bank of Baroda provides Deposit Lockers, where you can safely store anything valuable to you.
In this article you get to know about Bank of Baroda locker charges/rent. This article is written after referring locker charges mentioned in Bank of Baroda Bank official website and reading more than 7 (Seven) articles related to Bank of Baroda locker charges.
INTROUDUCTION TO BANK OF BARODA LOCKER
Bank locker facilities are additional services offered by banks to help customers securely store their valuable possessions and important belongings. These safe deposit lockers are designed to keep your items safe, even during natural disasters.
If you’re thinking about the safety of your jewellery, important documents, and other precious items stored at home, Bank of Baroda has a solution for you.
Their Safe Deposit Lockers provide a reliable and secure space to protect your valuables. In this article, we will explore the key features and benefits of Bank of Baroda’s lockers, ensuring peace of mind for their customers.
BANK OF BARODA LOCKER CHARGES /RENT
| Locker type | Metro/ Urban | Semi-Urban/ Rural |
| A | 1500 | 900 |
| B | 2000 | 1000 |
| D | 2800 | 1500 |
| C | 3000 | 1700 |
| E/H-1 | 4000 | 2200 |
| G | 7000 | 5500 |
| F | 7000 | 5500 |
| H | 7000 | 5500 |
| L1 | 10000 | 8000 |
| L | 10000 | 8000 |
The locker service fees vary based on the type of locker and the location of the branch. The charges listed below are exclusive of GST:
Class A: Metro/Urban – ₹1500; Semi-Urban/Rural – ₹900
Class B: Metro/Urban – ₹2000; Semi-Urban/Rural – ₹1000
Class C: Metro/Urban – ₹3000; Semi-Urban/Rural – ₹1700
Class D: Metro/Urban – ₹2800; Semi-Urban/Rural – ₹1500
Class E, H-1: Metro/Urban – ₹4000; Semi-Urban/Rural – ₹2200
Class G, F, H: Metro/Urban – ₹7000; Semi-Urban/Rural – ₹5500 Class L1, L: Metro/Urban – ₹10000; Semi-Urban/Rural – ₹8000
DOCUMENTS REQUIRED FOR LOCKER
To occupy a locker at Bank of Baroda locker, certain important documents are required. They are
- KYC Documents
- BOB Savings or Current Account Details:
- Passport-Size Photo
- Locker Agreement
- Security Deposit with Bank of Baroda
By providing these necessary documents, customers can secure a locker at Bank of Baroda and enjoy the benefits of safe storage for their valuable possessions.
BANK OF BARODA LOCKER FEATURES
1. Lessor and Lessee Relationship:
When you rent a locker from Bank of Baroda, there is a relationship established between you (the lessee) and the bank (the lessor). It’s important to know that storing illegal or dangerous items in the locker is strictly prohibited to ensure the safety of all customers.
2. Rent and Discounts:
Locker rent is charged annually and is collected in advance. If customers pay the rent in advance for three years, they can enjoy a 10% discount on the rental fee. In case customers decide to surrender the locker, customer will receive a refund for the remaining portion of the advance rent.
3. Opening a Locker:
To open a safe deposit locker facility, you need to meet the requirements of Bank of Baroda’s Global KYC-AML-CFT Policy and comply with ongoing regulations. Additionally, you may be asked to open a savings or current account as part of the Customer Due Diligence process.
BANK OF BARODA LOCKER CHARGES FAQ’s
Locker charges are the fees associated with renting a safe deposit locker at Bank of Baroda. These charges are collected annually in advance. The locker charges are determined based on the class of locker and the location of the branch. Bank of Baroda has different fee structures for metro/urban areas and semi-urban/rural areas. Yes, Bank of Baroda offers a 10% discount on locker rental fees if the rent is paid in advance for three years. No, the GST (Goods and Services Tax) is not included in the locker charges. The final cost will include an additional 18% GST amount. To find the exact locker charges applicable to a particular branch, you can contact the Bank of Baroda branch directly. They will provide you with the accurate information based on the branch location. The availability of different locker types or sizes may vary from branch to branch. It is recommended to inquire with your home branch about the possibility of changing the locker type or size. Yes, if you decide to surrender your locker, Bank of Baroda will refund the proportionate amount of the advance rent collected from you.
1. What are locker charges?2. How are the locker charges determined?
3. Are there any discounts available on locker charges?
4. Is the GST included in the locker charges?
5. How can I find the specific locker charges for my desired branch?
6. Can I change the type or size of locker after renting it?
7. Is there a refund policy for surrendered lockers?
Video Credit: Manu True
BANK OF BARODA LOCKER CHARGES CONCLUSION
Dear reader in this article you get to know about Bank of Baroda locker charges/rent, Bank of Baroda locker features, locker operation by its customers. Locker charges in Bank of Baroda Ranges Between Rs 900+Gst to Rs 10,000+Gst.
If you have any questions regarding Bank of Baroda locker charges kindly comment below. Or Readers requested to contact Bank of Baroda or visit their official website for the most up-to-date and accurate details regarding locker charges.
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