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Central Bank of India Locker Charges 2022-23 | How Can I Open Central Bank of India locker?

How Can I Open Central Bank of India locker?

Locker Facility

As part of its service, the Central Bank of India can provide safe deposit services to its customers.
These safe deposit lockers, as they are formally known, are available in different sizes depending upon the contents that would be placed in the lockers, the demand from customers for various types of lockers, and the price or rent that you charge.
Normally, safe deposit lockers are boxes that are in an iron-gated room with well-equipped emergency alarm systems, surveillance systems, and security guards. Moreover, there are two people who own the locker when it opens, first you and your bank.
Let’s look at the Central Bank of India Locker Charges along with locker sizes.

Central Bank of India Locker Charges

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TypeDimensions TypeHeightWidthDepthVolume in
cu.cms
Rural/
Semi-urban
Urban/
Metro
1A
A
A-1
A
11.74
11.43
11.43
11.43
13.33
14.92
16.19
19.05
34.29
51.75
51.75
55.88
5366.18
8825.21
9576.42
12167.39
900
900
900
1100
1200
1200
1200
1500
2B
B
B-1
14.76
15.55
14.76
18.41
19.68
19.68
51.75
46.99
77.72
14062.11
14380.06
22575.85
1500
1500
1500
2000
2000
2000
3C
C-1
C
11.74
11.43
11.43
34.29
32.86
34.13
46.99
51.75
51.75
18916.51
19436.77
20187.98
2000
2000
2000
3000
3000
3000
4D
D-1
B
17.78
17.78
11.43
23.81
25.08
38.01
51.75
51.75
55.88
21907.93
23076.48
24277.30
2000
2000
2000
3000
3000
3000
5H-1
E
E
31.43
15.55
14.76
18.41
41.27
40.16
51.75
46.99
51.75
29943.91
30155.76
30675.41
3000
3000
3000
4000
4000
4000
6F
F
G
F
26.67
26.67
17.78
22.86
34.29
32.86
50.64
38.01
46.99
51.75
51.75
55.88
42973.02
45352.47
46594.62
48554.61
4500
4500
4500
4500
6000
6000
6000
6000
7H
H
L-1
31.11
31.43
29.21
41.27
40.16
50.64
46.99
51.75
51.75
60330.91
65320.34
76548.31
6000
6000
6000
8000
8000
8000
8L39.3750.6451.75103173.80800010000
Central Bank of India Locker Charges in 2022-23

Rentals may vary between branches under the same location. Please check applicable rentals via Internet/Mobile banking or by visiting the branch.

Service Charges

ParticularsParticulars Service charges
Locker Operations18 times FREE during one Financial Year
More than 18 times during the Financial
Year—Rs.100/- per occasion
Open of LockerRs.1000/ Plus actual expenditure incurred for
breaking open the locker and changing the
lock by the manufacturer of lockers.
Security/ Caution Money DepositThe locker holder (the Lessee) is required to
keep an amount equivalent to three years of rent
charges for break opening of the locker
+Rs1000/- in the form of a Term Deposit
Saving/ Current AccountWhile letting out the locker, the customer
must have a Saving/ Current A/C or open a
Saving/ Current A/C, link with locker account,
and submit Standing instructions to debit
his/her a/c for recovery of annual rent and
overdue, if any, as per Banks’ norms.
The existing locker holders without linked
Saving/ Current A/C must also open Saving/
Current A/c link with locker account, and
submit Standing instructions to debit his/her
a/c for recovery of annual rent and overdue,if
any, as per Banks’ norms.
(Service charges are exclusive of GST Charges which would be levied at appropriate rates over & above charges)

What is the Term and Condition of Bank Locker?

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  • New – As per the RBI guideline, Banks are allowed to obtain a TD (i.e. Term Deposit), at the time of allotment, which would cover 3 years’ rent and the charges for breaking open the locker in case of such eventuality.
  • Rental depends on the size of the lockers & location of the branch.
  • Annual rental is payable in advance. In addition, one-time registration charges is also payable.
  • KYC(Know Your Customer) norms are applicable for locker hirers.
  • Safe Deposit Locker can not be allotted to minors either singly or jointly with others. However, a nomination facility is available.
  • In case of locker remains unoperated for more than 1 year. After that, the bank has the right to cancel the allotment of the locker and open the locker even if the rent is paid regularly.
  • Annual or monthly rent collected will NOT be refunded to the customer on surrender.
  • Generally, the Allotment of lockers is on a first-come-first-served basis. For this reason, a waitlist is maintained.
  • Operation in the Deposit Locker will be stopped if rent is not paid on the due date.
  • In case of Locker Custody with survivorship clause the bank will demand only the following papers:
    Firstly, a copy of the death certificate. Secondly, duly filled in the claim application. Thirdly, and most importantly, a stamped receipt for discharged safe custody receipt/Locker.
  • Loss of key should be immediately informed to the Bank’s Branch. In other words, the bank shall not be responsible for any loss. Charges for opening the locker, replacing the lost key, and for changing the lock shall be payable by the Renter.
  • New- The liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse, or fraud by bank employees.

What are the Documents Required for Bank Locker?

  1. KYC documents
  2. Passport size Photograph
  3. Current or Savings account
  4. Security Deposit

Also Read Bank of India Locker Charges in 2022-23 – How Can I Get Locker in Bank of India?

How Can I Open the Central Bank of India locker?

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Time needed: 5 minutes.

Follow the steps given below for getting the locker in the Central Bank of India

  1. Locker facility

    Central Bank of India Locker facility is offered at select branches and allotment of lockers is subject to availability.

  2. Online Application for Locker Request

    Click here to check the vacancy without login.
    Enter the state where you have the account in the Central Bank of India. Similarly select district, and branch and click on the status button.

  3. Online Status

    After entering the details, a screen will flash with the availability option. Now, click on the “Click to Apply” button.

  4. Visitor Type

    Next, visitors type as a customer or noncustomer.

  5. For Customer

    Now, enter all the details such as locker type, and account number.
    Enter the OTP received on your registered mobile number. (After clicking on Send OTP)
    However, the locker will be allotted on a first-come-first-served basis and a separate register will be maintained.

  6. For Non Customer

    Now, enter all the details such as locker type, address, ID proof, Mobile number, etc.
    Enter the OTP received on your mobile number. (After clicking on Send OTP)

  7. Submit

    Next, click on the “Submit” button. You will receive a reference number, keep it with you.

Icon & Source – https://www.centralbank.net.in/

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