Central Bank Bank Locker Charges & Annual Fees 2026
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Quick Answer
Central Bank of India offers bank lockers in small, medium, large, and extra-large sizes. Annual charges vary by city tier and locker size. A locker-linked FD is required as caution deposit under RBI guidelines.
Central Bank Locker Charges — Rates at a Glance
| Small locker (Metro) | ₹1,500–₹3,000/year |
| Medium locker (Metro) | ₹3,000–₹6,000/year |
| Large locker (Metro) | ₹6,000–₹12,000/year |
| Extra-large locker (Metro) | ₹12,000–₹18,000/year |
| Semi-urban/rural (discount) | 30–50% lower than metro |
| Caution deposit (RBI mandated) | 3 years rent in FD |
Rates are indicative as of 2026-04-07. Verify with Central Bank of India official website before investing.
Key Things to Know
- 1RBI mandates a locker-linked FD equal to 3 years rent as caution deposit
- 2Lockers are subject to availability — waiting lists common in metro branches
- 318–24 visits per year typically allowed (varies by branch)
- 4Central Bank locker charges revised annually; check branch for latest rates
- 5Bank liability limited to 100× annual rent in case of fraud by employees
- 6Access hours: during branch working hours (typically 10AM–4PM)
Calculate Your Returns
Principal
₹1,00,000
Interest Earned
₹23,144
Maturity Amount
₹1,23,144
Calculated with quarterly compounding (standard for most Indian banks). Actual maturity may vary by bank.
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Frequently Asked Questions
What is Central Bank locker charge for small locker in 2026?
Central Bank of India charges approximately ₹1,500–₹3,000 per year for small lockers in metro cities. Rates are lower in semi-urban and rural branches.
What FD is required for Central Bank locker?
As per RBI guidelines, you must maintain an FD equivalent to 3 years of annual locker rent as a caution deposit. This FD earns interest but is held as security.
How to apply for Central Bank locker?
Visit your nearest Central Bank branch with KYC documents. If lockers are available, fill in the application form. If on a waiting list, you'll be notified when one becomes available. You must have an operative account with the bank.
What is the bank's liability if Central Bank locker is broken?
As per RBI guidelines effective 2022, if theft or fraud by bank employees occurs, the bank is liable for 100 times the annual locker rent. For natural disasters or force majeure events, the bank bears no liability.