If you are a customer of Punjab National Bank (PNB), there is an important update that directly affects your expenses. Starting October 1, 2025, the bank has revised its service fees, and locker rent has become costlier. These changes vary depending on the size of the locker and the location of the branch, and customers will now have to pay higher annual charges.
How Much Have Locker Charges Increased?
PNB has introduced changes in its locker rent for different sizes across rural, semi-urban, urban, and metro branches. While the rent for small lockers in rural areas remains unchanged, other categories have seen a noticeable increase. Customers with medium, large, and extra-large lockers will be most affected.
Revised Locker Charges in Punjab National Bank
- Small lockers: ₹1,000 in rural branches, ₹1,500 in semi-urban (up from ₹1,250), and ₹2,000 in urban and metro areas
- Medium lockers: ₹2,500 in rural (up from ₹2,200), ₹3,000 in semi-urban (up from ₹2,500), and ₹4,000 in urban-metro (up from ₹3,500)
- Large lockers: ₹4,000 in rural, ₹5,000 in semi-urban, ₹6,500 in urban, and ₹7,000 in metro
- Very large lockers: ₹6,000 in rural, ₹7,000 in semi-urban (up from ₹6,000), ₹8,500 in urban, and ₹9,000 in metro (up from ₹8,000)
- Extra large lockers: ₹10,000 in rural, ₹10,500 in semi-urban, ₹11,000 in urban, and ₹12,000 in metro
Changes in Registration Charges
Along with annual rent, registration fees have also been updated. The one-time registration fee will remain ₹200 in rural and semi-urban branches. In urban and metro branches, small and medium lockers will cost ₹500, while large lockers will attract a registration fee of ₹1,000.
Locker Charges in Other Banks
Just like PNB, other major banks such as State Bank of India (SBI), HDFC Bank, and ICICI Bank also have locker charges that vary by size and location. Customers planning to take a locker should compare these costs before making a decision.
Bank Locker Charges Comparison
| Bank | Small Locker | Medium Locker | Large Locker | Very Large / Extra Large | Registration Fee |
|---|---|---|---|---|---|
| PNB | ₹1,000–2,000 (depending on location) | ₹2,500–4,000 | ₹4,000–7,000 | ₹6,000–12,000 | ₹200–1,000 |
| SBI | ₹2,000 (urban/metro) | ₹4,000 | ₹8,000 | ₹12,000 | ₹500–1,000 + GST |
| HDFC Bank | ₹1,200–2,200 | ₹1,550–4,000 | ₹Varies by branch | Higher sizes vary | ₹500–1,000 + GST |
| ICICI Bank | ₹2,000–4,000 | ₹5,000–7,500 | ₹7,000–13,000 | Higher sizes vary | ₹500–1,000 + GST |
Final Verdict
PNB’s revised locker charges will weigh more heavily on customers, especially those using medium, large, and extra-large lockers. While small locker fees remain largely stable in some locations, most categories have seen a price hike. Customers are advised to compare locker rent across different banks like SBI, HDFC, and ICICI before making a decision.
Disclaimer
This article is for informational purposes only. Locker charges may vary by branch and location. Customers should check the exact applicable fees at their respective bank branch before availing locker services.
