Safe Deposit Bank Locker Facility - Locker Facility Features and Benefits - Kotak Mahindra Bank
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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.

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.

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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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What if I lose the key?

Please inform your branch immediately about the loss of your locker key. They will inform you on the further course of action.

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