ICICI Bank Locker Charges: Rent, Sizes & Rules (2026)
ICICI Bank offers safe deposit lockers at select branches to store valuables like jewellery, documents, and important items. Locker charges depend on the locker size and branch location.
This guide explains ICICI Bank locker rent, sizes, payment rules, and key points.
Quick Summary: ICICI Bank Locker Charges
- Type: Safe Deposit Locker
- Charges: Annual rent (size-wise)
- Availability: Select ICICI Bank branches
- GST: Applicable on locker rent
- Payment: Advance rent (as per bank policy)
ICICI Bank Locker Sizes & Charges (Indicative)
Locker charges may vary by city, branch, and availability. Below is an approximate range:
| Locker Size | Annual Charges (₹) |
|---|---|
| Small | ₹1,200 – ₹2,000 + GST |
| Medium | ₹2,500 – ₹4,000 + GST |
| Large | ₹4,000 – ₹8,000 + GST |
| Extra Large | ₹8,000+ + GST |
Actual rent may differ by branch and location. Metro branches are usually costlier.
Security Deposit for ICICI Locker
- ICICI Bank may ask for:
- Fixed Deposit (FD) OR
- Advance locker rent (multiple years)
The amount depends on locker size and branch policy.
Eligibility for ICICI Bank Locker
To apply for a locker, you generally need:
- An active ICICI Bank savings or current account
- Completed KYC
- Minimum balance as per account rules
Locker allotment is subject to availability.
How to Apply for ICICI Bank Locker
Visit your nearest ICICI Bank branch
Ask for locker availability
Submit locker application form
Complete agreement & nomination
Pay locker rent / security deposit
Locker is allotted once available
ICICI Bank Locker Operation Rules
- Locker access allowed during branch working hours
- Usually limited free locker operations per year
- Extra visits may attract additional charges
- Nomination facility available and recommended
What Happens If Locker Rent Is Not Paid?
- Bank may deny locker access
- Penalty charges may apply
- Locker can be broken open after due notice (as per RBI rules)
Common Issues & Troubleshooting
Locker not available?
- Join the waiting list
- Try nearby branches
Want to change locker size?
- Depends on availability
- New agreement may be required
Lost locker key?
- Charges apply for breaking open the locker
Security Tips for Locker Holders
- Visit locker periodically
- Update nomination details
- Keep locker key safe
- Inform bank immediately if key is lost
FAQs: ICICI Bank Locker Charges
Are locker charges refundable?
A. No, annual locker rent is non-refundable.
Is GST applicable on locker rent?
A. Yes, GST is charged extra.
Can I open a locker jointly?
A. Yes, joint locker facility is available.
Does ICICI Bank offer locker insurance?
A. Locker contents are generally not insured by the bank.
Conclusion
ICICI Bank locker charges depend on locker size and branch location. Always confirm exact rent, deposit, and visit limits at your branch before applying.
