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14th November 2016, 08:42 AM
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Join Date: Aug 2012
Re: State Bank of Patiala Locker Facility

The facility of safe deposit lockers is an ancillary service offered by State Bank of Patiala. The Bank’s branches offering this facility will indicate/ display this information.

The major aspects governing the services are:

1. A locker is hired by an individual (not minor), firms, limited companies, specified associations, societies etc.
2. Loss of key should be immediately informed to the branch.
3. Lockers are available in different sizes.
4. Lockers are rented out for a minimum period of one year. Rent is payable in advance. In case of overdue rent, the bank charge penalty as decided from time to time.
5. The rent is paid from the deposit account of the hirer as per standing instructions.
6. The bank hire locker to properly introduced persons.
7. The bank reserves the right to break open the locker if the rent is not paid in spite of giving notices as per the bank rules and recover charges thereof.

Miscellaneous Charges (Inclusive of Service Tax @ 15%)

SMALL

Size A 125 X 175 x 492
Metro & Urban Centres: Rs.1265/-

Size B 159 X 210 X 492
Semi-urban &Rural Rs.920/-

MEDIUM

Size C 125 X 352 X 492
Metro & Urban Centres: Rs.3220/-

Size D 189 X 263 X 492
Size E 159 X 423 X 492
Size H1 325 X 210 X 492
Semi-urban & Rural Rs.2070/-

LARGE

Size F 278 X 352 X 492
Metro & Urban Centres: Rs.6900/-

Size G 189 X 529 X 492
Size H 325 X 423 X 492
Semi-urban & Rural Rs.5750/-

EXTRA LARGE

Size L 404 X 529 X 492
Metro & Urban Centres: Rs.9200/-

Size L1 385 X 529 X 492
Semi-urban & Rural Rs.8050/-

If there is loss of key of the lockers, a service charge of Rs.863/- has to be recovered from hirer in addition to the actual expenditure incurred in breaking open the locker and changing of key by manufacturer of lockers.

One Time Locker Registration Charges:- Rs.575/-
No. of Locker visits per year: 12 visits free: thereafter Rs.115/- per visit to be recovered manually.

Locker Rent Overdue Charges:
1stQuarter 10% of annual rent
2ndQuarter 25% of annual rent
3rdQuarter 40% of annual rent
1 yr 50% of annual rent
For more than 1 yr Locker to be broken


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