What are the key benefits of SBI Credit Cards?

SBI Credit Cards offer a wide range of benefits, including rewards, cashback, lounge access, discounts, and insurance coverage.

How can I apply for an SBI Credit Card?

You can apply for an SBI Credit Card online through the Paisabazaar platform, where you can compare card options and check for pre-approved offers.

What factors should I consider when choosing an SBI Credit Card?

Consider your spending habits, lifestyle, and financial goals to select a card that best suits your needs, such as travel, shopping, or rewards.

How can I manage my SBI Credit Card efficiently?

SBI Card offers a user-friendly mobile app and online banking services to help you manage your card, check statements, make payments, and access additional features.

What precautions should I take to avoid accumulating credit card debt?

Responsible credit card usage includes paying bills on time, managing credit limits wisely, and avoiding unnecessary spending to prevent debt accumulation.

Latest SBI Locker Charges for 2024

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Mar 23, 2024

15 Mins

Introduction:

State Bank of India (SBI) offers secure locker facilities to customers for storing valuable items such as cash, important documents, and jewelry. By utilizing these lockers, the risks of theft are significantly reduced.

Opening a bank locker is not a simple task and requires thorough preparation. The bank assumes the responsibility of ensuring the security of its customers' assets.

To avail of these locker facilities, customers are required to pay modest charges, which vary based on the size of the locker. For SBI account holders, it is advisable to open a locker at their home branch.

Before proceeding, it is crucial to familiarize yourself with the SBI locker charges. Here are the details:

SBI Locker Rent Charges:

- For Small-sized lockers, customers located in Urban and Metro cities are charged Rs 2000 + GST, while customers in Rural and Semi-Urban areas are charged Rs 1500 + GST.

- Medium-sized lockers come with a rent of Rs 4000 + GST for Urban and Metro customers and Rs 3000 + GST for Rural and Semi-Urban customers.

- Large-sized lockers incur a charge of Rs 8000 + GST for Metro and Urban customers, and Rs 6000 + GST for Semi-Urban and Rural customers.

- Extra Large-sized lockers require a payment of Rs 12000 + GST for Metro and Urban customers and Rs 9000 + GST for Semi-Urban and Rural customers.

SBI Locker Charges (Amount excluding GST):

Type | METRO AND URBAN | SEMI-URBAN AND RURAL

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SMALL | Rs. 2000 | Rs. 1500

MEDIUM | Rs. 4000 | Rs. 3000

LARGE | Rs. 8000 | Rs. 6000

EXTRA LARGE | Rs. 12000 | Rs. 9000

Additional SBI Locker Charges:

- One-Time Locker Registration Charge: For Small and Medium lockers, there is a fee of Rs 500 + GST, while for Large and Extra Large lockers, the fee is Rs 1000 + GST.

- Breaking open of Locker: In case of a lost key, customers must pay a fine of Rs 1000 + GST.

- Locker Visit Charges: SBI offers 12 free visits, and thereafter customers are charged Rs 100 + GST per visit.

- Locker Rent Overdue Charge: If a customer fails to make payment for locker rent, the following charges apply: 1st Quarter: 10%, 2nd Quarter: 20%, 3rd Quarter: 30%, 1 Year: 40%.

It is important to note that SBI also charges additional expenses for breaking open the locker and replacing the lock in case of a lost key.

To take advantage of these locker facilities, customers should consider their requirements and select an appropriate locker size. It is advisable to visit SBI Bank, discuss the facilities and terms, and register a locker accordingly.