SBI Locker Charges 2025 – Everything You Need to Know

If you have gold jewellery, property papers, or stock certificates from companies like TCS or HDFC, you need a safe place to keep them. Keeping valuables at home isn’t the best idea in today’s world. That’s why SBI lockers exist. SBI lockers are secure storage spaces at your bank branch. But these lockers come with yearly charges. In 2025, SBI has updated its locker fees, rules, and process. Here we will discuss more about locker charges in SBI 2025.

SBI Locker Charges

Here are the charges for SBI lockers:

Size	Type	Semi-Urban and Rural	Metro and Urban
A: 125 x 175 x 492	Small	1500	2000
B: 159 x 210 x 492	Small	1500	2000
C: 125 x 352 x 492	Medium	3000	4000
D: 189 x 263 x 492	Medium	3000	4000
E: 159 x 423 x 492	Medium	3000	4000
H1:325 x 210 x 492	Medium	3000	4000
F: 278 x 352 x 492	Large	6000	8000
G: 189 x 529 x 492	Large	6000	8000
H: 325 x 423 x 492	Large	6000	8000
L: 404 x 529 x 492	Extra Large	9000	12000
L1:385 x 529 x 492	Extra Large	9000	12000

Locker Sizes

Think of locker sizes like T-shirt sizes: S, M, L, XL.

Small: Best for jewellery or a few gold coins.
Medium: Good for documents, files, and small valuables.
Large: Ideal for big jewellery sets or property papers.
Extra Large: Suitable for businesses or heavy storage like legal files or share certificates.

Important SBI Locker Policy Changes

Here’s what’s new in 2025:

Compensation for Loss: If your locker items are stolen, burnt, or lost because of SBI’s fault, the bank will pay you up to 100 times the yearly locker rent.
New Locker Agreement Required: All locker users must now sign a new agreement that follows the latest RBI rules.
Nominee is Now Compulsory: You must add a nominee to your locker. This helps avoid problems if something happens to you.

How to Apply for an SBI Locker?

Here are the steps to apply for an SBI locker:

Visit the SBI Locker official website.
Now enter your State, district, and PIN code information.
Check the availability of the locker (by visiting the branch).
Visit the branch with your documents.
Now submit the application form.
So if the locker is available, then SBI will send a letter to your address, and this within 15 days to complete the allotment process. And if lockers are unavailable, you will be placed on a waiting list.

Documents Required

Carry these:

Aadhaar Card
PAN Card
Passport-size photo
SBI account proof (like a passbook)
FD receipt (used as security)

How to Close or Surrender Your SBI Locker?

If you no longer need your SBI locker, here’s how you can close it step by step: Step-by-Step Process:

Remove all your items from the locker (jewellery, papers, etc.).
Return both locker keys to the bank.
Ask for the “Locker Surrender Form” at your branch and fill it.
If you had given a Fixed Deposit (FD) as security, request a refund.
Make sure you have paid all dues or locker rent before closing.

Tip: Always carry your ID proof and passbook when visiting the branch to speed up the process.

Once this is done, the bank will officially cancel your locker, and your relationship with it ends.

How to Save on SBI Locker Charges?

Want to keep your locker costs low? Follow these simple tips:

Pick a Small Locker
If you only need to store jewellery or a few documents, go for the smallest size. No need to pay for extra space.
Choose a Rural or Semi-Urban Branch
Locker rent is cheaper in non-metro areas. If possible, open your locker in a smaller town.
Limit Your Visits
SBI gives you 12 free visits per year. More than that, they charge ₹100 + GST per visit. So, plan your visits smartly.
Pay Your Rent On Time
Avoid late fees (2% per month) by paying your locker rent before the due date.
Keep Your Key Safe
Losing the key means extra charges (₹1,000–₹2,000 + locksmith fees). Keep it in a safe place at home.

Conclusion

In Conclusion, SBI lockers in 2025 are a safe and budget-friendly way to store valuables like jewellery, documents, and stock papers. Charges vary by size and location, but SBI is more affordable than most banks. Just remember to follow the new rules, pay rent on time, and keep your key safe. If you plan smartly, an SBI locker gives you peace of mind without burning a hole in your pocket.

About the Author

Saniya

I'm a finance content writer with a BBA in FinTech, passionate about simplifying money matters for everyday Indians. I break down complex topics like investments, savings, and digital finance into easy, relatable content. My goal is to help you in a way that’s easy to understand, jargon-free, and actually useful in real life.

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