Banks offering Free Locker Facility with Various Wealth or HNI Banking Programmes

[CCgeeks]

Banks offering Free Locker Facility with their HNI Banking Programmes:

1) IDFC FIRST Wealth
2) HDFC Imperia Banking
3) IndusInd Exclusive Account
4) IndusInd Pioneer
5) Yes Private
6) Kotak Private

Share details of other banking programmes as well. Although this free Locker facility is tough to get

 

[nileshgr]

I am attaching few files for your reference to check

+1

There is also additional 10% discount on locker charges in Axis priority if you add family banking. (I know because I have a locker with Axis in the same scheme).

 

[Priya Karam]

+1

There is also additional 10% discount on locker charges in Axis priority if you add family banking. (I know because I have a locker with Axis in the same scheme).

Yes, you are right. This is also mentioned in the TnCs priority pager.

 

[mgforce]

I am attaching few files for your reference to check

Hi Priya, pls help understand if this " Up to 60%* off on locker fees for Burgundy Holders" is Life Time or till Burgundy Account status remains?

 

[RajeshV]

Hi Priya, pls help understand if this " Up to 60%* off on locker fees for Burgundy Holders" is Life Time or till Burgundy Account status remains?

All locker related offers with any bank are applicable only for as long as you're in that programme.

 

[mgforce]

All locker related offers with any bank are applicable only for as long as you're in that programme.

Yes, logical.

But in one of the banks, when my brother opened locker, in financle system it was selected 0 rent. So that means remains permanent right?

 

[RajeshV]

Yes, logical.

But in one of the banks, when my brother opened locker, in financle system it was selected 0 rent. So that means remains permanent right?

Locker rent is a significant point in Concurrent and Internal Audits. If he wasn't eligible and they catch it at one point or another, they will quite likely have it corrected and maybe collect past dues.

How did you know what was selected in their CBS anyways?

 

[mgforce]

Locker rent is a significant point in Concurrent and Internal Audits. If he wasn't eligible and they catch it at one point or another, they will quite likely have it corrected and maybe collect past dues.

How did you know what was selected in their CBS anyways?

He was sitting next to them when they were filling details

 

[aamaadmi]

I have:
Free Large size locker with HDFC Imperia account
Free Large size locker with Yes Private account
Free Medium size locker with IndusInd Pioneer account

You are right, getting a locker of your choice (size & location) is very difficult.

At Yes Bank, my RM was completely useless inspite of being a "Senior Vice President and Partner", whatever that means. I had to personally visit 3-4 nearby branches and talk to the BMs. All of them outrightly denied availability of lockers. Most of them were also not aware what a Yes Private account is. I had to write to their grievance redressal team and was finally able to get a large size locker at my preferred branch after multiple emails, calls and threats of complaining to the ombudsman. However, it was all worth it when I walked in and saw the embarrassed face of the same BM who had laughed at my request for a locker and had said "400 se upar waitlist chal rahi hai, 5 saal mein bhi aapka number nahi aayega"

Same story with HDFC bank. They were offering small lockers only. I had to personally find and get someone from their Private Banking team involved. Only then was I given a large locker.

Everything went smoothly at IndusInd Bank though. But that happened only because I negotiated for a locker before opening my savings account with them. The BM offered two free medium sized lockers to me and my wife. He requested for an initial cheque of 10L each, which I obliged.

Hey pride, are you actually maintaining 10L AMB in both HDFC Imperia & IDFC Wealth. Do you feel that if you don't maintain the AMB & not take the locker they might not bother, but if you take free locker they will downgrade account? Thoughts.

 

[TheGuy]

All locker related offers with any bank are applicable only for as long as you're in that programme.

Since you seem to have experience/ knowledge regarding this- do banks warn before downgrading program?

 

[Thomas Shelby]

Since you seem to have experience/ knowledge regarding this- do banks warn before downgrading program?

Yes banks warn before downgrading

 

[ontherocks]

Slightly off-topic query: The LTF credit cards that are offered on the basis of salary accounts of Axis bank, are really LTF, or are they complimentary till we hold the salary account status ?
TIA

The cards remain LTF till you hold the salary account in Axis. Once out of salary account, the cards become paid.

 

[gauravbhati]

The cards remain LTF till you hold the salary account in Axis. Once out of salary account, the cards become paid.

Then why do they call it LTF. I was about to move to Axis, as HDFC is no longer accepting my demands for premium cards

 

[ontherocks]

Then why do they call it LTF. I was about to move to Axis, as HDFC is no longer accepting my demands for premium cards

I think their definition of LT here is "life time of the salary account"

 

[gauravbhati]

I think their definition of LT here is "life time of the salary account"

Exactly... Although Axis is a bit more negotiable than HDFC in terms of CC.