HDFC Bank hikes locker rentals by up to 184%
HDFC Bank is set to revise its safe deposit locker rental structure, introducing a new ‘Metro Plus’ category and increasing annual charges across locker sizes. The updated rates will come into effect from April 1, 2026. Under the new framework, locker rentals will vary based on locker size and branch location classification- Metro Plus, Metro, Urban, Semi-Urban and Rural with GST charged additionally at 18%.
According to an ET Bureau report HDFC Bank has tightened its locker access rules following several incidents of thefts across banks. It has made biometric authentication linked to Aadhaar mandatory for all locker holders before granting access, said senior executives.
Also read: HDFC Bank ATM UPI cash withdrawal rule changes from April 1, 2026: Free transaction limits, fees explained
Locker rentals may vary amongst branches in the same location. Locker rentals are levied annually and collected in advance. Locker rental costs vary according to the locker's size and branch location. Locker rental charges are based on a locker’s size and a branch’s location classification (Metro Plus/ Metro/ Urban/ Semi-Urban/ Rural). The costs presently do not include GST. The final total will include an 18% GST charge.
HDFC Bank metro plus locker charges from April 1, 2026
HDFC Bank locker charges from April 1, 2026
HDFC Bank locker charges till March 31, 2026
HDFC Bank metro location locker charges
HDFC Bank urban location locker charges
What is a safe deposit locker?
A safe deposit locker is a secure storage service offered by financial institutions where customers can rent lockers to safeguard valuables like jewellery, documents and other important items. These lockers are housed in reinforced areas of the bank, protecting against theft, disasters and other risks.
According to an ET Bureau report HDFC Bank has tightened its locker access rules following several incidents of thefts across banks. It has made biometric authentication linked to Aadhaar mandatory for all locker holders before granting access, said senior executives.
Also read: HDFC Bank ATM UPI cash withdrawal rule changes from April 1, 2026: Free transaction limits, fees explained
Locker rentals may vary amongst branches in the same location. Locker rentals are levied annually and collected in advance. Locker rental costs vary according to the locker's size and branch location. Locker rental charges are based on a locker’s size and a branch’s location classification (Metro Plus/ Metro/ Urban/ Semi-Urban/ Rural). The costs presently do not include GST. The final total will include an 18% GST charge.
HDFC Bank metro plus locker charges from April 1, 2026
HDFC Bank locker charges from April 1, 2026
HDFC Bank locker charges till March 31, 2026
HDFC Bank metro location locker charges
HDFC Bank urban location locker charges
What is a safe deposit locker?
A safe deposit locker is a secure storage service offered by financial institutions where customers can rent lockers to safeguard valuables like jewellery, documents and other important items. These lockers are housed in reinforced areas of the bank, protecting against theft, disasters and other risks.
Next Story