Here is How I got Locker from HDFC Finally!

[sparkit]

So here is how I got an HDFC bank locker recently, and I thought I'd share my experience here. I had been in need of a bank locker for the past 3 months, and I visited Canara Bank, SBI, IOB, HDFC, and IDBI.


Here is what they said:


My first try was HDFC, as I was holding their Imperia account and my home branch is the head branch of the city. Despite this, it was very difficult to get a locker. They told me they would add me to the waitlist.


Canara Bank and SBI straightforwardly told me they didn’t have any lockers currently available and would add me to their waitlists.


IOB's branch manager requested a 1 lakh FD, which would be lien to the locker until we closed it.


IDBI asked for an FD of 5 lakhs.


After 2 months, I went again to HDFC. They told me only one locker was available, and they needed an investment ULIP of at least 1 lakh per year for 5 years for it.


This time, I was in great need as I was moving to another city for business purposes and couldn't keep gold at home.


So I started negotiating for the investment. The 1 lakh requirement went down to 75k and then to 50k. With GST, it came to around 52k per year.


Of that 52k, around 34k would be invested in equity, and 18k for term insurance with a sum assured of 50 lakhs, which was even cheaper than if I bought term insurance separately for the same amount directly.


So I finally paid that amount, and then came another twist.


Now, for new lockers, they started asking for security deposits. The branch manager asked me for a 1 lakh FD, which would be lien to the locker. I negotiated it down to around 25k and finally made a deposit of only 20k.


For me, there will be no yearly locker charges as I already hold an Imperia account.


Share your locker experiences below!

 

[manishgolcha]

I had a locker with Yes Bank on paid basis and I was following up HDFC for locker as I have Imperia banking. I used to call my RM, had a contact in my home branch and I used to visit very often at my wife's branch. I used to follow-up from all 3. On one fine day cashier confirmed that they have locker available. I immediately signed up for the same and closed my Yes Bank account and locker.
FYI: this was without any security / investment.

 

[vinit04]

I was also on the same boat as you. Imperia customer for several years. I had a virtual RM. Made failed attempts several times to secure a locker. Had same experience with branch manager at my home branch. What worked for me was a simple escalation email to imperia banking email id and the branch executive called himself and requested to visit branch. Got locker allotted within an hour of visiting bank.

I am facing same issue. Could you post your email sample, plz.

 

[vinit04]

The best and easiest way to get a locker is to keep an eye on any new bank coming up in your locality. New banks have ample amount of new lockers and are generally unable to say no.

I eyed up on new hdfc branch. Visited branch for locker. They are asking me to invest in ulip with min 2L amount or 30L portfolio in FD. Ridiculous demands