Kotak Mahindra Bank Limited · 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 rental ranges based on locker category (A+ to D) effective March 1, 2026. Indicated rentals exclude applicable GST (18%).
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Category D (Smallest) · All Branches | ₹1,000 | ₹1,180 |
| Category C (Small) · All Branches | ₹2,200 | ₹2,596 |
| Category B (Medium) · All Branches | ₹2,500 | ₹2,950 |
| Category A (Large) · All Branches | ₹3,300 | ₹3,894 |
| Category A+ (Extra Large) · All Branches | ₹4,200 | ₹4,956 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Safe Deposit Lockers at Kotak Mahindra Bank branches. Rent collected annually in advance.
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.