Bank Locker Charges:
The rent may vary slightly for different branches of the same bank depending on the branch location. The locker rent is higher if the branch is located in a prime commercial area of the city. Moreover, private and foreign banks charge a much higher rent compared to public sector banks.
If you decide to close your locker in mid year, in most cases, you forego the annual rent which you paid at the beginning of the year. As regards the safety aspect, most banks claim that confidentiality of the locker's contents is maintained, unless the income tax authorities or the police require otherwise.
