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What to watch out for: Check the refund rule. What happens if you surrender the locker mid-term? Will you have to forego the fee or will the bank refund you on a pro-rata basis? Also, check for additional charges and penalties. You may have to pay more on the basis of usage. Some banks may charge extra if you operate the locker more than a certain number of
times, say more than 15 times a year, or for letting you access the locker during extended banking hours. By Aamir Mannan.
times, say more than 15 times a year, or for letting you access the locker during extended banking hours. By Aamir Mannan.
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