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Safe Deposit Locker

National Commercial Bank's Safe Deposit Locker relieves you of all your safety concerns regarding your valuables. Book the National Commercial Bank Safe Deposit Locker online and choose the locker size of your choice. The benefits of Safe Deposit Locker include convenient locker rent payment options, nomination for hassle-free release of locker contents and much more. National Commercial Bank locker facilities are available in over 2,000 branches. Visit any of the National Commercial Bank branches near you to get your own Safe Deposit Locker.

Features & Benefits

documents and other valuables.

  • Convenient locker sizes. Choose from a range of options - small, medium and large.

  • Dual key security. One stays with you and the other with the bank.

  • Safety. Branches are equipped with high security features.

  • Ease of location. ...

  • Multiple access. ...

  • Ease of payment. ...

  • Nomination facility.

Check your eligibility

Safe Deposit Locker - Eligibility

To avail of a Safe Deposit Locker, you need to fulfil certain eligibility criteria. If you are eligible, you can gain access to a personal locker by simply submitting your Safe Deposit Locker opening form along with the necessary documents.

The account opening of a Safe Deposit Locker may require certain documents at the time of submitting your application.

If you are an existing National Commercial Bank account holder, you can visit your nearest National Commercial Bank branch where our representatives will be happy to help you with the procedure. No specific documentation is required for existing account holders.

Fees and Charges

Rentals may vary between branches under same location. Please check applicable rentals via Internet/Mobile banking or by visiting the branch. Revised Locker Rent effective from 1st April 2022.

Terms & Conditions:

  1. Locker rent is charged annually and is collected in advance. Our locker rentals vary based on locker size and branch location.

  2. Late payment penalty @2.5% per month up to a maximum of 25% will be applicable.

  3. Discounts, if applicable, will be offered only on maintenance of relationship value as per customer product category.

  4. One-time Locker registration charge: Rs.1000 + GST (Not applicable for Burgundy / Burgundy Private customers).

  5. Number of free locker visits – 3 per calendar month, post which Rs.100 + GST applicable per visit (Not applicable for Burgundy / Burgundy Private customers).

  6. Click here for Standard Operating Procedure.

Rate   - Financial Year 2022  To 2023

A neighbourhood branch in which one already has an account would be the best option.

  • Application. The person looking to hire a locker needs to fill up a simple application form and complete the KYC formalities with the bank.

  • Agreement. ...

  • Collateral. ...

  • Rent.

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What is the process to open bank locker?

On the death of one of the holders, the nominee and other holders get access to the contents of the locker on submission of necessary documents. It is mandatory to register nomination for the locker. If there is no nominee, the legal heir typically gets access to the locker.

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What documents are required for locker in NCB?

To open a locker, you will have to provide KYC documents, along with photographs. A bank may ask applicants to start a fixed deposit to cover the locker rent for three years and also charges for breaking open the locker in case of an eventuality.

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Is FD mandatory for locker?

408C(L) – 84 dated March 27, 1984, the public sector banks were advised not to insist for a fixed deposit as a prerequisite for allotment of lockers.

What is locker agreement?

The locker rental agreement includes all the terms and conditions, locker rates that vary based on location of branch and size of the lockers, and the responsibilities of the bank and customer. To maintain your bank locker, the bank charges an annual rent, and the locker rent is payable in advance.

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Is locker rent refundable?

If you surrender the locker before the expiry of the lease period, the remaining rent will be refunded to you. In most cases, this is done if the unexpired portion of the lease period is at least a year. Usually, banks take a security deposit which covers rent up to three years.

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What if bank locker is robbed?

Bank to give compensation for theft

To stop this, the Reserve Bank has now made strict rules which has increased the responsibility of the banks. Now if anything is stolen from your bank locker or there are any issues related to it, then the bank will have to compensate the customer 100 times the rent of the locker.

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