Safe Deposit Locker

Quick Enquiry

We believe a peaceful mind is a productive mind. Lock away your worries, by keeping your valuables safe in our state of the art locker facility. Safe Deposit Lockers facility is one of the many subsidiary services rendered by KGB at branches where safe deposit vaults are installed.

Features & Benefits

Features

A locker is operated by double lock system, the first key to be used being the MASTER KEY which is in the bank's possession and the second key being the HIRER'S KEY to be kept by the Hirer.
The operative timings for safe deposit vaults / strong room should be allowed up to one hour after the closing of the business hour (excluding intervening lunch hour). On days when the branches work for half day, the locker operations will be upto business hours only.
Safe Deposit Locker can be opened by the minor individually duly represented by the natural guardian or jointly with natural guardian.

Benefits

Less rent compared to other banks.
Nomination facility available.

Who can hire a locker?

Lockers may be hired in the names of individuals (single hirers)
Two or more individuals (joint hirers)
Non - Resident Indians
Firms
Companies
Associations or clubs
Trustees
Illiterates, individually or jointly with a literate/illiterate person.

How to Apply

The hirers should submit application in the prescribed and personally call at the Branch to sign the hire contract.
When a particular locker is allotted to an applicant, Safe Deposit Locker Agreement should be got executed by him in nonjudicial stamp paper of appropriate value.

Interest Rates & Charges

The rent of the lockers is fixed from time to time depending upon the size of the locker (small size, medium size and large size) and also considering the area where the branch is situated (Rural,Semiurban &Urban Area).
For Service charges and fees. Click here