Safe Deposit Bank Locker Facility - Locker Facility Features and Benefits

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Safe Deposits Lockers by Kotak Mahindra Bank

Safe Deposit Lockers

Get peace of mind with Kotak Mahindra Bank's Safe Deposit Lockers - our banking service providing security to your precious jewellery,
documents and other valuables.

Convenient locker sizes

Choose from a range of options - small, medium and large.

Dual key security

One stays with you and the other with the bank.

Safety

Branches are equipped with high security features.

Ease of location

Locker facility is available in over 1000 branches across the country.

Multiple access

You can add or remove individuals who can operate the locker on your behalf.

Ease of payment

Debit the annual locker rent from your savings/current account.

Nomination facility

Nominate your close ones at the contracted rate, whichever is lower post deducting penal charge of 0.5% on premature withdrawal of deposit

Locker Tariff

Locker Branch Category	Annual Locker Rent range depending on size of Locker (in Rs.)
A+	3750 - 27500
A	3000 - 22000
B	2250 - 16500
C	1500 - 11000
D	750 - 5500

Terms & Conditions

Rentals may vary between branches under same city.
Lockers rent is charged annually and is collected in advance at start of financial year.
Locker(s) rentals vary based on locker size and branch location.
Indicated Rentals are excluding applicable GST.
Arrears of rent shall be payable to the Bank with penal interest @24% per annum till payment in full.
Break-open and loss of key charges will be applicable as and when required.
Stamp-duty charges on locker agreements would vary for different states.
All other applicable Terms and Conditions in relation to lockers shall be communicated through the locker agreement.
Bank reserves the right to revise these charges without notice to non-locker customers and locker charges as applicable on day of allotment will be levied. For existing allotted lockers, bank would provide a 30 days’ notice before revising these charges.
Allotment of lockers is subject to availability.

Click here to download the Safe Deposit Locker Agreement/Form.

Click here to download Standard Operating Procedure.

Disclaimer

*Allotment of locker is subject to availability.

Frequently Asked Questions

What can you store in our locker?

Property documents, Jewellery, Loan Documents, Birth / Marriage Certificates, Savings Bonds, Insurance Policies, other confidential and private items which need safekeeping can be stored in our lockers.

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What cannot be stored in the locker?

Chemicals, weapons, explosives, perishable items, narcotics, and other such dangerous /illegal items are NOT allowed to be stored in Safe Deposit Lockers.

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How do I store it?

You may use air-tight (zip-sealed) plastic bags/pouches for safekeeping paper and other similar items to avoid exposure to humidity. You may also choose to laminate paper documents for longevity. Jewellery/ornaments and metal based articles can be stored in plastic/metal boxes which fit inside the locker. Please note that bank does not provide these storage items.

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How often do I need to operate the Locker?

You are suggested to operate your locker atleast once a year. If locker remains in-operative for more than 7 years, it will be considered as in-operative.

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