Are you looking to know about IDFC FIRST BANK Locker charges/rent? If yes then you came to right blog.
In this article you get to know about IDFC FIRST BANK locker charges/rent. This article is written after referring locker charges mentioned in IDFC FIRST BANK official website and reading more than 7 articles related to IDFC FIRST BANK locker charges. These charges is based on type of locker small, medium, large, extra-large etc.
SECURE YOUR VALUABLES WITH IDFC FIRST BANK LOCKER
At IDFC FIRST Bank, we prioritize the safety and security of your valuables. Our Safe Deposit Lockers offer a trustworthy and transparent space to store your precious items, ensuring you have peace of mind. With a wide range of lockers, competitive rentals, and quick nomination services, you can count on us for safekeeping your valuable possessions.
SAFETY FIRST: A SECURE SPACE FOR YOUR VALUABLES
At IDFC FIRST Bank, we follow the principles of ethical, safe, and transparent banking. Your safety is our top priority, and we provide a secure environment for storing various valuables, including precious jewellery, educational certificates, insurance policies, legal documents, passport, PAN card, and other important items.
PREMIUM FEATURES & BENEFITS
With IDFC Safe Deposit Lockers, you can enjoy the following features and benefits:
 Convenient Payment Options: Benefit from the ease of annual direct debit from your account for locker rent payment.
 Quick Nomination Process: Assign a nominee to ensure hasslefree release of locker contents in unforeseen circumstances.
 Secure & Trusted: Rest assured that your valuables are in safe hands with IDFC FIRST Bank’s secure locker facilities.
IDFC FIRST BANK LOCKER CHARGES
Choose from different locker sizes to suit your needs. Here are the annual rent charges for each size:
 Large: ₹12,000 (₹11,000 at Panchkula and Mohali branches)
 Medium: ₹6,000
 Small: ₹3,000
Please note that Stamp Duty and other related charges will also be applicable. These charges are excluding GST.
HOW TO OPEN IDFC BANK LOCKER
To avail a Safe Deposit Locker, you must have a Savings or Current Account with IDFC FIRST Bank for easy rent payment. Alternatively, you can place a Fixed Deposit to cover three years’ rent and the charges for breaking open the locker.
For more information and assistance in opening a Safe Deposit Locker, reach out to the nearest IDFC FIRST Bank branch or contact your relationship manager.
WAITLIST AVAILABILITY
If a locker is not currently available for allotment, the Bank will provide you with a waitlist reference number and notify you as soon as a locker becomes available.
LOCKER AVAILABILITY
IDFC FIRST Bank offers lockers at selected branches. To find out which branches provide locker facilities, check the list available on our official website. You can also call our tollfree number 1800 10 888 for further assistance.
IMPORTANT FACTS ABOUT SAFE DEPOSIT LOCKERS
1. Regular Access to Your Locker
To ensure the active use of lockers, most banks require you to access your locker at least once a year. Failure to do so may lead to notifications from the bank, and they may even be allowed to break open the locker following the terms of the agreement. However, banks typically provide ample notice to locker hirers before taking such action. So, make it a habit to use your locker regularly or at least once a year to avoid any inconvenience.
2. Enhanced Security Features
Safe deposit lockers offer a highly secure environment for storing your valuable items. The entry and exit points of the strong room or locker area are equipped with CCTV surveillance and guarded by security personnel, providing an extra layer of safety.
3. Flexibility in Locker Size Selection
Different individuals have varying storage requirements. For instance, storing jewellery may necessitate more space compared to storing documents. To accommodate these preferences, banks offer the flexibility to choose the locker size that best suits your needs. Consequently, the rental charges for lockers can vary depending on the size. For example, IDFC FIRST Bank provides large-sized lockers with rents ranging from Rs. 11,000 to Rs. 12,000 per annum, depending on the branch location. Medium-sized lockers are offered for Rs. 6,000, while small lockers cost around Rs. 3,000, with GST applicable on the rent.
4. Importance of Adding Nominees
Opting for a safe deposit locker allows you to add a nominee. In unfortunate circumstances where the locker hirer passes away prematurely, the nominee can access the locker’s contents. It’s worth noting that only legal heirs, as determined by the courts, can claim the valuables. Adding a nominee ensures that your loved ones can access your possessions, providing them with financial security in your absence.
5. Bank Account Requirement
To open a safe deposit locker, you must have either a Savings Account or a Current Account with the bank. If you don’t have an account, you can open one with IDFC FIRST Bank while requesting to open a Safe Deposit Locker. In exceptional cases, the bank may allow you to book a Fixed Deposit (FD) with a reinvestment option until you hold the locker. The FD amount will be equivalent to the locker rent for three years, inclusive of applicable taxes, and also include the break-open charges as per regulations.
By keeping these important facts in mind, you can make the most of your safe deposit locker and ensure the safety of your valuable possessions.
CONCLUSION
Dear reader in this article you get to know about IDFC FIRST BANK locker charges/rent, IDFC FIRST BANK locker features, locker operation by its customers. Locker charges in IDFC FIRST BANK ranges between Rs 3000+GST to Rs 12,000+GST. If you have kindly comment below.