Canara Bank · statement narration
LOCKER RENT
Annual rent for a safe deposit locker. The amount depends on locker size and branch location.
In plain English
Annual rent for a safe deposit locker. The amount depends on locker size and branch location.
Also printed as LOCKER CHARGES, SAFE DEPOSIT RENT, LOCKER RENT CHG, SDV RENT.
Hinglish mein
Safe deposit locker ka saalana kiraya. Locker ke size aur branch ke area ke hisaab se alag hota hai.
What it costs, including GST
Retail Banking Service Charges · Branch
Annual locker rent at Metro branches: Small Rs 2000, Medium Rs 4000, Large Rs 7000, Very Large Rs 10000. These are the minimums the page publishes.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Small | ₹2,000 | ₹2,360 |
| Medium | ₹4,000 | ₹4,720 |
| Large | ₹7,000 | ₹8,260 |
| Very Large | ₹10,000 | ₹11,800 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Canara Bank safe deposit lockers at Metro branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.
Retail Banking Service Charges · Branch
Annual locker rent at Rural branches: Small Rs 1000, Medium Rs 2000, Large Rs 4000, Very Large Rs 6000. These are the minimums the page publishes.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Small | ₹1,000 | ₹1,180 |
| Medium | ₹2,000 | ₹2,360 |
| Large | ₹4,000 | ₹4,720 |
| Very Large | ₹6,000 | ₹7,080 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Canara Bank safe deposit lockers at Rural branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.
Retail Banking Service Charges · Branch
Annual locker rent at Urban and Semi-Urban branches: Small Rs 1500, Medium Rs 3000, Large Rs 6000, Very Large Rs 8000. These are the minimums the page publishes.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Small | ₹1,500 | ₹1,770 |
| Medium | ₹3,000 | ₹3,540 |
| Large | ₹6,000 | ₹7,080 |
| Very Large | ₹8,000 | ₹9,440 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Canara Bank safe deposit lockers at Urban and Semi-Urban branches. The page states these amounts are minimums and that circles may charge higher, so the figure stored is a floor rather than a fixed price. GST is additional.
Why it happened
Annual locker rent fell due on your locker.
How to avoid it
Paying several years in advance often earns a discount. Late payment adds a penalty, so pay on the due date.