Bank Lockers: Secure Your Gold Jewellery, Compare Charges & Rules for 2026

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News18•21-01-2026, 13:13
Bank Lockers: Secure Your Gold Jewellery, Compare Charges & Rules for 2026
- •Rising gold prices in 2026 make bank lockers a secure alternative to home storage, mitigating theft risks.
- •Locker charges vary by bank, size (small, medium, large, extra-large), and branch location (metro, urban, rural).
- •Major banks like SBI, HDFC, ICICI, PNB, Axis, Indian Bank, and Union Bank have different locker rents and registration fees.
- •Additional costs include 18% GST, charges for exceeding 12 free visits, late payment penalties, and key loss fees.
- •Bank lockers offer security but do not include insurance; customers must arrange separate third-party insurance for valuables.
Why It Matters: Bank lockers offer secure storage for gold, but compare charges, understand rules, and consider separate insurance.
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