Bank locker charges comparison: SBI vs HDFC Bank vs Axis Bank vs Canara Bank; Check if you're paying too much for a locker?

To keep your valuables safe, many banks offer safe deposit locker facility at select bank branches. Depending on the size of the locker and the location of the branch, an annual locker rent is charged which is collected in advance.

HDFC Bank has hiked its locker charges effective April 1, 2026. Now let us compare the locker charges of HDFC Bank, ICICI Bank, SBI, Canara Bank and Axis Bank.

HDFC Bank locker charges

Size	*Rentals excluding GST
	Metro Plus	Metro	Urban	Semi Urban	Rural
Extra small	Rs 4,000	Rs 3,300	Rs 2,200	Rs 2,200	Rs 1,000
Small	Rs 7,500	Rs 5,000	Rs 4,000	Rs 3,000	Rs 2,000
Medium	Rs 12,500	Rs 10,000	Rs 7,500	Rs 5,000	Rs 4,000
Extra Medium	Rs 15,000	Rs 12,500	Rs 8,000	Rs 5,000	Rs 4,000
Large	Rs 20,000	Rs 15,000	Rs 10,000	Rs 8,000	Rs 6,000
Extra Large	Rs 40,000	Rs 20,000	Rs 15,000	Rs 10,000	Rs 8,000

ICICI Bank locker charges

Location	Rural	Semi - Urban	Urban	Metro	Metro +
Small	Rs 1,320	2,200	3,300	3,850	4,400
Medium	Rs 2,750	5,500	6,600	8,250	9,900
Large	4,400	Rs 7,700	11,000	14,300	16,500
Extra Large	11,000	16,500	Rs 17,600	22,000	24,200

SBI locker charges

Type	Locker Sizes Included	Urban & Metro Charges	Rural & Semi-Urban Charges
Small	Size A (125×175×492), Size B (159×210×492), Size C (125×352×492)	Rs 2,000 + GST	Rs 1,500 + GST
Medium	Size D (189×263×492), Size E (159×423×492), Size H1 (325×210×492)	Rs 4,000 + GST	Rs 3,000 + GST
Large	Size F (278×352×492), Size G (189×529×492)	Rs 8,000 + GST	Rs 6,000 + GST
Extra Large	Size H (325×423×492), Size L (404×529×492), Size L1 (385×529×492)	Rs 12,000 + GST	Rs 9,000 + GST

Axis Bank locker charges

Size	Metro Plus	Metro	Urban	Semi-Urban	Rural
Extra Small	Rs 4,000	Rs 3,300	Rs 2,200	Rs 2,200	Rs 1,000
Small	Rs 7,500	Rs 5,000	Rs 4,000	Rs 3,000	Rs 2,000
Medium	Rs 12,500	Rs 10,000	Rs 7,500	Rs 5,000	Rs 4,000
Extra Medium	Rs 15,000	Rs 12,500	Rs 8,000	Rs 5,000	Rs 4,000
Large	Rs 20,000	Rs 15,000	Rs 10,000	Rs 8,000	Rs 6,000
Extra Large	Rs 40,000	Rs 20,000	Rs 15,000	Rs 10,000	Rs 8,000

Canara Bank locker charges

Locker Size	Metro (Rs )	Urban / Semi-Urban (Rs )	Rural (Rs )
Small	2,000	1,500	1,000
Medium	4,000	3,000	2,000
Large	7,000	6,000	4,000
Very Large	10,000	8,000	6,000

Safe deposit locker charges

In addition to the annual locker rent, banks also levy various extra charges that customers should consider before availing of a safe deposit locker facility. These may vary from one bank to another, but they generally include:

One time registration charge:

A fee payable at the time of the allotment of the locker, covering administrative and documentation costs.

Locker visits charge over the prescribed number of operations:

Customers are allowed a certain number of free visits to operate the locker in a year. Any visits beyond this limit attract additional charges.

Locker rent overdue charge:

If the annual locker rent is not paid by the due date, the bank may levy an overdue penalty.

Break open charge for locker:

In cases where the locker needs to be forcibly opened, such as for non-payment of rent, loss of keys, or on the customer's request, charges for break-open, replacement of the lock, and related procedures will apply.