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How much does it cost to rent a safe deposit box? (For India)

Curious about Safe Deposit Boxes

How much does it cost to rent a safe deposit box? (For India)

The cost of renting a safe deposit box can vary depending on the size of the box and the bank or financial institution you choose. Typically, larger boxes and those located in prime or urban areas tend to be more expensive than smaller boxes or those in less busy locations.

In India, safe deposit box rental fees can range from a few hundred rupees per year for a small box to several thousand rupees per year for a larger box. It's essential to check with your specific bank or financial institution for their pricing and available box sizes.

Keep in mind that this cost is an annual or periodic fee, and it may be subject to change over time. Additionally, it's a good practice to inquire about any additional charges or penalties for late payments or access to the safe deposit box outside of regular banking hours.

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