Punjab National 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 rental based on size (Small to Extra Large) and branch centre classification effective October 1, 2025. Includes 12 free locker visits per year; additional visits Rs100/visit (+ GST).
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Small · Rural | ₹1,000 | ₹1,180 |
| Small · Semi-Urban | ₹1,500 | ₹1,770 |
| Small · Urban / Metro | ₹2,000 | ₹2,360 |
| Medium · Rural | ₹2,500 | ₹2,950 |
| Medium · Semi-Urban | ₹3,000 | ₹3,540 |
| Medium · Urban / Metro | ₹4,000 | ₹4,720 |
| Large · Rural | ₹4,000 | ₹4,720 |
| Large · Semi-Urban | ₹5,000 | ₹5,900 |
| Large · Urban / Metro | ₹6,500 | ₹7,670 |
| Very Large · Rural | ₹6,000 | ₹7,080 |
| Very Large · Semi-Urban | ₹7,000 | ₹8,260 |
| Very Large · Urban / Metro | ₹8,500 | ₹10,030 |
| Extra Large · Rural | ₹10,000 | ₹11,800 |
| Extra Large · Semi-Urban | ₹10,500 | ₹12,390 |
| Extra Large · Urban / Metro | ₹11,000 | ₹12,980 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Applies to all Punjab National Bank safe deposit locker holders. Delayed payment attracts penalty.
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.