Which Bank Has the Cheapest Locker in 2026? SBI vs HDFC vs ICICI

Selecting the right bank locker in 2026 is more than just picking a nearby branch. With variations in size, rental fees, branch category, and extra charges, knowing the details can save you money while keeping your valuables safe. Here’s a detailed comparison of SBI, HDFC, and ICICI locker charges to help you make the right choice.

HDFC Bank Locker Charges 2026

HDFC Bank offers a wide range of locker sizes across rural, semi-urban, urban, metro, and Metro Plus branches. Charges increase with size and location:

• Extra Small: ₹1,000 (Rural) – ₹4,000 (Metro Plus)
• Small: ₹2,000 (Rural) – ₹7,500 (Metro Plus)
• Medium: ₹4,000 (Rural) – ₹12,500 (Metro Plus)
• Extra Medium: ₹4,000 (Rural) – ₹15,000 (Metro Plus)
• Large: ₹6,000 (Rural) – ₹20,000 (Metro Plus)
• Extra Large: ₹8,000 (Rural) – ₹40,000 (Metro Plus)

HDFC is ideal if you want multiple size options for different storage needs. However, lockers in Metro Plus branches are among the most expensive. All charges are annual and exclude GST.

SBI Locker Charges 2026

State Bank of India lockers range from Size A (small) to L1 (extra large), with rental varying by branch type:

• Metro & Urban: ₹2,000 – ₹12,000 per year
• Rural & Semi-Urban: ₹1,500 – ₹9,000 per year

SBI offers perks for salary account holders Platinum accounts get 25% off, and Diamond accounts 15% off. One-time charges for locker registration or breaking locks range from ₹500 to ₹1,000+GST. Locker visits are free for the first 12 per year; subsequent visits are ₹100+GST each. Overdue charges are applied quarterly, and lockers overdue for more than a year may be opened by the bank. SBI’s rates make it the most cost-effective choice for metro and urban branches.