HDFC Bank officially announced a massive overhaul of its safe deposit locker rental structure, with some categories seeing a price hike of up to 184%. These new rates are scheduled to take effect on April 1, 2026.
The bank is also introducing a new “Metro Plus” category for premium branches, where charges are significantly higher than standard metro rates.
New Locker Rental Structure (Effective April 1, 2026)
The steepest hike applies to the “Extra Medium” locker size in Metro locations, which is jumping from ₹4,400 to ₹12,500 (a 184% increase).
| Locker Size | Old Rate (Metro) | New Rate (Metro) | % Hike | Metro Plus Rate |
| Extra Small | ₹1,350 | ₹3,300 | 144% | ₹4,000 |
| Small | ₹2,200 | ₹5,000 | 127% | ₹7,500 |
| Medium | ₹4,000 | ₹10,000 | 150% | ₹12,500 |
| Extra Medium | ₹4,400 | ₹12,500 | 184% | ₹15,000 |
| Large | ₹10,000 | ₹15,000 | 50% | ₹20,000 |
| Extra Large | ₹20,000 | ₹20,000 | 0% | ₹40,000 |
Note: All charges are exclusive of 18% GST. Rentals are collected annually in advance.
Why the Sharp Increase?
HDFC Bank stated that locker rates have been revised after a decade to align with current market offerings and new regulatory requirements.
- Enhanced Security: Following a string of bank thefts across India, the bank has significantly tightened access controls.
- Mandatory Biometrics: Starting April 1, all locker holders must undergo Aadhaar-linked biometric authentication before accessing their vaults.
- Increased Compliance: The bank is now required to station a representative outside the locker room to verify that every locker is properly secured after each use, adding to operational costs.
New Security Protocols
- Paperless Journey: The bank is transitioning to a fully digital, paperless locker access process.
- End-to-End Monitoring: Enhanced surveillance systems have been installed inside vault premises.
- Strict Privacy: Only one person is permitted in the vault at a time, ensuring no other customer or staff can enter while a locker is open.
Important Deadlines
- March 31, 2026: Last day to pay at the current rates.
- April 1, 2026: New rates and mandatory biometric rules go live.
