Punjab National Bank (PNB) offers safe deposit lockers at various branches across India, providing secure storage for valuables like jewelry, documents, and other precious items. If you are considering renting a locker, understanding the charges, terms, and conditions for 2025 is crucial. In this detailed guide, we will cover PNB locker charges, security deposit requirements, penalties, and how to make the most of this service.
PNB Locker Charges 2025
PNB charges locker rent based on size and branch location (rural, semi-urban, urban, or metro). Below is the updated fee structure for 2025:
Annual Locker Rental Charges
| Locker Size | Rural | Semi-Urban | Urban/Metro |
|---|---|---|---|
| Small | ₹1,000 | ₹1,250 | ₹2,000 |
| Medium | ₹2,200 | ₹2,500 | ₹3,500 |
| Large | ₹2,500 | ₹3,000 | ₹5,500 |
| Very Large | ₹6,000 | ₹6,000 | ₹8,000 |
| Extra Large | ₹10,000 | ₹10,000 | ₹10,000 |
Note: In select metro branches, a 25% premium applies to the above charges.
Discount for Advance Payment
Customers who pay locker rent for five years in advance receive a discount. For example:
- Small locker (Rural): ₹4,500 for five years (10% discount).
- Medium locker (Urban/Metro): ₹15,750 for five years (10% discount).
Security Deposit Requirement
PNB mandates a security deposit in the form of a Fixed Deposit Receipt (FDR) before allotting a locker. The amount varies based on the locker size and branch location. This ensures locker rent payment continuity.
Additional Charges and Fees
1. Penalty for Late Payment
- Delay up to 1 year: 25% additional penalty on the annual rental.
- Delay of 1 to 3 years: 50% additional penalty.
- More than 3 years: The bank may take possession of the locker and proceed with legal steps.
2. Locker Access Charges
- Customers can access the locker 12 times per year for free.
- Beyond that, ₹100 per extra visit is charged.
3. One-Time Registration Fee
- Rural/Semi-Urban Branches: ₹200
- Urban/Metro Branches: ₹500
How to Apply for a PNB Bank Locker
Follow these steps to get a locker at PNB:
- Visit the nearest PNB branch offering locker services.
- Submit a filled application form along with KYC documents (ID proof, address proof, and photographs).
- Provide the security deposit (FDR) as per the locker size.
- Sign the agreement and receive the locker keys.
- Start using the locker as per bank regulations.
For more details on PNB account opening, read How to Open a PNB Account.
Safety Measures for PNB Lockers
- Dual Access: Lockers can be opened only with the bank’s master key and your assigned key.
- Surveillance & Security: Bank locker rooms have CCTV monitoring and security personnel.
- Nomination Facility: You can nominate a legal heir or family member for easy locker access in case of unforeseen circumstances.
- Locker Insurance: While PNB does not provide insurance, customers are advised to insure their valuables separately.
FAQs on PNB Bank Lockers
1. Can I get a locker without an account at PNB?
No, a savings or current account is required to rent a locker.
2. Is my locker completely secure?
Yes, but the bank is not responsible for the contents inside. Customers should consider insuring their valuables.
3. What happens if I don’t pay locker rent?
The bank will impose penalties for late payments, and prolonged non-payment can lead to locker termination.
4. Can I authorize someone else to access my locker?
Yes, you can authorize a nominee or joint holder to access the locker in your absence.
5. What if I lose my locker key?
If you lose your key, inform the bank immediately. You may have to pay for lock replacement charges.
6. How can I close my locker?
To close your locker, clear all dues, return the keys to the bank, and submit a closure request.
7. Can PNB break open my locker?
Yes, if rent remains unpaid for an extended period, the bank has the right to break open the locker following legal procedures.
8. Are locker charges refundable?
No, locker rent is non-refundable even if you close the locker before the rental period ends.
9. How many people can jointly operate a locker?
A locker can have joint holders, typically up to two or three individuals, depending on the agreement.
10. Can I transfer my locker to another PNB branch?
Locker transfers are subject to availability at the new branch. You need to apply for the transfer and clear all existing dues.
Conclusion
PNB lockers are a great way to safeguard your valuables with reliable security and reasonable charges. Understanding the latest PNB Bank Locker Charges 2025 will help you plan accordingly and maximize this service. If you are looking to rent a locker, visit your nearest PNB branch today!
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