Bank lockers offer a secure space for customers to store valuable items like documents and jewellery, in exchange for a convenience fee. UCO Bank provides various locker options with charges ranging from INR 1,000 to INR 20,000, determined by locker size and type. This article delves into UCO Bank’s locker charges, rules, benefits, and more.
LOCKER TYPES AND CHARGES
UCO Bank classifies lockers by type and size, each with its associated charges for different geographical areas:
The charges depend on volume, size, type, and location. A minimum annual rental fee is applicable, with 18% GST added.
Type Size in cubic inch Classification Urban/METRO Semi-Urban/Rural Locker Charges for Rural Time Period
AÂ 469.90 Small INR 1300 + GST INR 1100 + GST AnnualÂ
A 534.77 Small INR 1300 + GST INR 1100 + GST Annual
BÂ 858.69 Medium INR 2700 + GST INR 1800 + GST Annual
B 878.17 Medium INR 2700 + GST INR 1800 + GST Annual
B 731.80 Medium INR 2700 + GST INR 1800 + GST Annual
CÂ 1,186.21 Medium INR 3000 + GST INR 2000 + GST Annual
C 1,155.09 Medium INR 3000 + GST INR 2000 + GST Annual
DÂ 1,337.11 Large INR 4400 + GST INR 3600 + GST Annual
D 1,307.72 Large INR 4400 + GST INR 3600 + GST Annual
EÂ 1,872.67 Large INR 4400 + GST INR 3600 + GST Annual
E 1,841.33 Large INR 4400 + GST INR 3600 + GST Annual
E 1,828.02 Large INR 4400 + GST INR 3600 + GST Annual
E 2,234.25 Large INR 4400 + GST INR 3600 + GST Annual
F 2,767.82 Very Large INR 5200 + GST INR 4200 + GST Annual
F 2,622.38 Very Large INR 5200 + GST INR 4200 + GST Annual
G 2,843.59 Very Large INR 5200 + GST INR 4200 + GST Annual
G 2,766.33 Very Large INR 5200 + GST INR 4200 + GST Annual
H 3,986.97 Extra- Large INR 8400 + GST INR 7200 + GST Annual
H 3,682.66 Extra- Large INR 8400 + GST INR 7200 + GST Annual
L1 4,214.60 Extra- Large INR 8400 + GST INR 7200 + GST Annual
L1 4,671.61 Extra- Large INR 8400 + GST INR 7200 + GST Annual
K 6,296.51 Extra- Large INR 8400 + GST INR 7200 + GST Annual
L 6,009.61 Extra-Large INR 8400 + GST INR 7200 + GST Annual
LOCKER VISIT CHARGES
UCO Bank grants 12 free visits for locker use, after which each visit costs INR 105.
BANK STAFF BENEFITS
Bank staff are exempt from visit charges when using UCO Bank lockers. Small lockers cost INR 650 in rural/semi-urban and INR 750 in urban/metro areas for bank staff.
PENALTIES FOR LATE PAYMENT
Penalties for overdue payments vary. Small and medium lockers incur INR 65 per quarter or part thereof, while large and extra-large lockers face a penalty of INR 300.
ADVANTAGES OF UCO BANK LOCKERS
UCO Bank lockers offer multiple benefits:
Secure storage for documents and valuables, accessible at almost every branch.
Enhanced security with dualkey access, 24/7 surveillance, and advanced technology.
Choice of locker sizes (small, medium, large) for convenience.
Dedicated infrastructure monitored by security personnel.
Responsibility for safeguarding valuables, except for uncontrollable events like earthquakes or fires.
ELIGIBILITY AND AVAILMENT
Existing UCO Bank customers, including savings account holders and fixed deposit customers, are eligible for locker facilities.
To avail UCO Bank locker facility:
1. Submit a written application to your branch manager, accompanied by KYC documents.
2. Complete an agreement detailing terms and policies.
3. Provide necessary security or guarantees.
4. Pay applicable charges, ranging from INR 1000 to INR 10,000 per annum.
RULES AND GUIDELINES
UCO Bank locker usage is subject to the following rules:
 Application submission with receipt for waiting period acknowledgment.
 Agreement comprehension and acceptance of terms.
 Charges payment in advance for maintenance and annual rent.
 Potential late payment penalties varying by bank and location.
 Locker access limited to specific visits, with subsequent charges.
 Bank not liable for losses due to natural calamities.
 Nominee provision to manage locker contents in case of mishaps.
LOCKER NOMINATION
Nominee information is collected during account opening. Multiple nominees can be added, with division of assets if needed. Nominee access involves written application, proof of death certificate, and KYC documentation.
UCO Bank offers a secure, accessible, and convenient locker facility with guidelines designed to protect your valuables effectively. As you explore the world of UCO Bank lockers, ensure you comprehend the charges, benefits, and responsibilities associated with this valuable service.
CONCLUSION
Dear reader in this article you get to know about Locker charges in UCO Bank. Charges ranges between Rs 1300+GST to Rs 8400+GST.
Safe deposit lockers offered by UCO Bank provide a safe, convenient, and customizable solution to store your valuables securely. With transparent fees, easy access, and additional features like the nomination facility and prompt notifications, you can be assured of a hassle-free and reliable storage experience. Choose our safe deposit lockers today and take a significant step towards safeguarding your most treasured possessions and achieving financial peace of mind.
If you have any query regarding this locker charges kindly comment below. Â
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