Bank Of Baroda, Hyderabad
Security Deposit for Lockers

Respected Sir,

I am a Resident Of Hyderabad and was looking forward to open a Locker along with the saving account in BOB, Hi-tect city branch in hyderabad.

As per the details mentioned on your site the security deposit required for Locker is 3 months rental that comes out to be around Rs4, 000.00 (Rs 1, 300.00 per year rental) however when I visited the branch they asked me to prove a security of Rs 1 Lakh for opening the locker.

When I asked for this difference they told me that as they can provide lockers to only a minimum number of customers, the customer who give more security will be preferred. It seems like that some they have started a bidding for providing Lockers which really sound absurd.

Can you please look into the matter.

Thanks and Regards

Amit Srivastva

[email protected]