UCO BANK LOCKER CHARGES (2024)

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.

TypeSize in cubic inchClassificationUrban/METROSemi-Urban/Rural Locker Charges for RuralTime Period
469.90 SmallINR 1300 + GSTINR 1100 + GSTAnnual 
A 534.77 SmallINR 1300 + GSTINR 1100 + GSTAnnual
858.69 MediumINR 2700 + GSTINR 1800 + GSTAnnual
B 878.17 MediumINR 2700 + GSTINR 1800 + GSTAnnual
B 731.80 MediumINR 2700 + GSTINR 1800 + GSTAnnual
1,186.21 MediumINR 3000 + GSTINR 2000 + GSTAnnual
C 1,155.09 MediumINR 3000 + GSTINR 2000 + GSTAnnual
1,337.11 LargeINR 4400 + GSTINR 3600 + GSTAnnual
D 1,307.72 LargeINR 4400 + GSTINR 3600 + GSTAnnual
1,872.67 LargeINR 4400 + GSTINR 3600 + GSTAnnual
E 1,841.33 LargeINR 4400 + GSTINR 3600 + GSTAnnual
E 1,828.02 LargeINR 4400 + GSTINR 3600 + GSTAnnual
E 2,234.25 LargeINR 4400 + GSTINR 3600 + GSTAnnual
F 2,767.82 Very LargeINR 5200 + GSTINR 4200 + GSTAnnual
F 2,622.38 Very LargeINR 5200 + GSTINR 4200 + GSTAnnual
G 2,843.59 Very LargeINR 5200 + GSTINR 4200 + GSTAnnual
G 2,766.33 Very LargeINR 5200 + GSTINR 4200 + GSTAnnual
H 3,986.97 Extra- LargeINR 8400 + GSTINR 7200 + GSTAnnual
H 3,682.66 Extra- LargeINR 8400 + GSTINR 7200 + GSTAnnual
L1 4,214.60 Extra- LargeINR 8400 + GSTINR 7200 + GSTAnnual
L1 4,671.61 Extra- LargeINR 8400 + GSTINR 7200 + GSTAnnual
K 6,296.51 Extra- LargeINR 8400 + GSTINR 7200 + GSTAnnual
L 6,009.61 Extra-LargeINR 8400 + GSTINR 7200 + GSTAnnual

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.  

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