In 2025, the Reserve bank of India, revised the bank lockers regulation to bring transparency, security, and protection of customers. These are modifications of all the banks accessible by the citizens to use safe deposit lockers whether in the governmental sector or in the private sector. As locker use becomes more controlled and responsible with the use of biometrics to access them, a repaired price and compulsory contracts, locker use is more orderly and responsibility.
Biometric Access and Dual Authentication
It is done through biometric verification and dual authentication to enter the lockers now, as well as one-time password-based log-in and the use of the physical keys. Locks should be video-taped to ensure that fraud does not take place. This provides real-time monitoring as the customers are sent an SMS on all the transactions made by their lockers.
Locker Operation and Insurance Coverage
The bank and the customer accordingly need to open the locker with their keys at same respective time. Banks have the liability to compensate the clients in the case of damage caused by fire, theft or by technical fault. Insurance is now compulsory and the customers are advised to insure the high valued items on an individual basis.
Updated Pricing Based on Location and Size
Lockers are now categorized according to the size and branch where the unlocker is confined and the metropolitan branches have higher fees as compared to the rural branches. The maximum rise in the rent is pegged annually to avoid the fluctuation of unexpected increase in the rent. Banks are obligated to give clear distribution of the base rent, maintenance fees, and taxes.
Bank Locker Charges 2025 Overview
| Locker Size | Metro (₹) | Urban (₹) | Semi-Urban (₹) | Rural (₹) |
|---|---|---|---|---|
| Small (6×6) | 3,000 | 2,200 | 1,200 | 850 |
| Medium (10×10) | 6,000 | 4,000 | 1,550 | 1,250 |
| Large (12×12) | 12,000 | 8,000 | 4,000 | 3,300 |
| Extra Large | 20,000 | 15,000 | 11,000 | 9,000 |
Locker Agreement and Compliance Deadline
All the locker holders will be required to sign amended agreements before December 31, 2025. Banks must deal with e-stamping and also issue digital copies of the deal. The ban on storing various items which are prohibited like cash, weapons and/or, dangerous materials by the customers must be followed.
Also Read: Savings Account 2025 Update: PAN, UPI, and Balance Norms Changed