Why bank lockers are hard to get and what you can do instead
Last Update Date: 05-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that demand has outpaced supply because lockers earn banks little, and that lockers are often tied to buying other products. He compared private vaults with bank lockers and advised insuring the contents of a private locker.
More of Abhishek's views on money management
Part of a series on bank lockers, this article explains why lockers have become hard to get in India. It covers the gap between demand and supply, RBI rule changes that raised costs for banks, the linking of lockers to other products, and private vaults as an alternative, along with their costs and the need for insurance.
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Why bank lockers are hard to get and what you can do instead