If you are a Bank of India customer and would like to open a security deposit locker to safeguard your assets then see below how to open a deposit locker and price and size of the locker based on the area you live. Check below for Bank of India Locker Charges and other details.
Bank of India Locker Charges
Firstly, lets see how to open a safe deposit locker in Bank of India.
How to Open Bank of India Locker
Visit your home branch of BOI and fill an application to open a locker and submit then you need to pay 1 year rent as deposit charges for opening a locker. And you need below documents
1. KYC documents
2. Passport size Photograph
3. Current or Savings account
4. Security Deposit
5. Locker Agreement
BOI Locker Charges
Currently, bank of India has 11 types of safe deposit lockers and the Locker price charges vary based on the branch location, see below.
Annual Locker Rent Charges:
| Size | Metro | Urban | Semi Urban/ Rural |
| Type A | Rs 1100 | Rs 1100 | Rs 900 |
| Type B | Rs 1300 | Rs 1300 | Rs 1000 |
| Type C | Rs 2600 | Rs 2600 | Rs 1700 |
| Type D | Rs 2500 | Rs 2500 | Rs 1500 |
| Type E | Rs 2800 | Rs 2800 | Rs 2200 |
| Type F | Rs 6000 | Rs 6000 | Rs 5000 |
| Type G | Rs 6000 | Rs 6000 | Rs 5000 |
| Type H | Rs 6000 | Rs 6000 | Rs 5000 |
| Type H1 | Rs 2800 | Rs 2800 | Rs 1800 |
| Type L | Rs 8000 | Rs 8000 | Rs 7000 |
| Type L1 | Rs 8000 | Rs 8000 | Rs 7000 |
Note: If you paying advance for 2 years or more then you get 10% discount.
Important: For Bank of India Staff/Employees locker charges will be less than normal customers.
Bank of India Free Locker Visits
In one year you can visit your BOI locker 12 times for free.
After 12 free visits are completed than Rs 100 is charged for each visit to the locker.
Bank of India Locker Visit Timings
The Hirer can operate the Safe Deposit Locker only on Bank’s working days and during business hours.
Lost BOI Locker Keys
If you have lost your BOI safe deposit locker keys then immediately report to BOI branch.
For Loss of key / Drill Rs 750 is charged + Actual Charges
Locker Penal Charges for overdue rent:
Upto first quarter: 10% of annual rent.
Upto two quarters: 25%
Upto three quarters: 40%
Upto four quarters: 50%.
More than one year then 100% of annual rent.