Do you need a minimum fixed deposit to have a bank locker in Indian overseas bank in India?



I was informed you need to have a fixed deposit of 2 lacs to have a bank locker in Indian Overseas Bank. Am I being misinformed?

Are there any other nationalized banks where such locker facility is free or available at a nominal charge?

Do you need a minimum fixed deposit to have a bank locker in Indian overseas bank in India?
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3 Replies to “Do you need a minimum fixed deposit to have a bank locker in Indian overseas bank in India?”

  1. Safe deposit vaults or bank lockers have long been considered the safest place to … All you need to do. is fill out a simple locker application form and locker … Making a fixed deposit with another bank; the precondition for a locker if … Bank of India varies from Rs 831 to 9653; Indian Overseas Bank (IOB)



  2. It depend on Branch. Usually all Manager wants to give this facility to the Customer who maintain a good balance with bank. There is no compulsion that you have to maintain Fixed Deposit But Locker facility is solely on Branch’s Manager discretion.

    Tulsi Gupta





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