IDFC FIRST Bank Locker Charges & Annual Fees 2026
Last updated:
Quick Answer
IDFC FIRST Bank 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.
IDFC FIRST 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 IDFC FIRST Bank 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)
- 4IDFC FIRST 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.
Bajaj Finserv
SponsoredFD rates up to 8.85% — higher than most banks
- ICRA AAA / CRISIL FAAA rated
- Cumulative + non-cumulative options
- Seniors get additional 0.40%
CalcHub earns a commission when you apply through this link — at no extra cost to you.
Frequently Asked Questions
What is IDFC FIRST locker charge for small locker in 2026?
IDFC FIRST Bank 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 IDFC FIRST 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 IDFC FIRST locker?
Visit your nearest IDFC FIRST 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 IDFC FIRST 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.