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The cooperative sector has been playing distinct and significant role in the process of socio-economic development of the country. Therefore, cooperatives have been accepted as the best agency for agricultural credit with their organizational potential to reach millions of farmers and thereby establish the grass-root contacts. Cooperatives are a major economic force in developed countries and a powerful business model in developing ones. View more
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Fixed Deposit

6.50%

Individual (365 Days)

7.00%

Senior Citizen (365 Days)
More Rates

The Gujarat State Co-operative Bank LTD.

GSC Banks offers “Auto Vault – Safe Deposit Locker” facility is one of the value added services provided by the Bank to its customers which is not only state of the art technology.  It is designed to safeguard your valuables and are loaded with benefits that make them attractive.

Auto Vault – Safe Deposit Lockers comes with next generation technology, to facilitate customers to access their belongings anytime, without hassles.

The best in locker technology so far, Auto Vault has taken convenience to a level that was only possible in imagination so far!

Features

  • Enjoy attractive and most competitive rentals, hassle free rent payment and locker hirers have option to pay 3 years rent in advance.
  • Avail nomination facility of your lockers.
  • Ease of location: Locker facility available from our Naranpura Branch
  • Extended timing for access of Auto Vault – Safe Deposit Locker – 24 x 7 x 365 days (*)
  • Lockers are available in three different sizes to meet your specific requirements.
  • 3 layers of security
    – Access Card
    – Pin code
    – Key

Auto Vault Locker Charges (Amount in Rs.)

Auto Vault
Locker Category
Yearly RentThree Year Rent
One Year RentGST@18
%


Total RentThree Year RentGST@18
%


Total Rent
AV-S5000900590015000270017700
AV-M60001080708018000324021240
AV-L70001260826021000378024780

NOTE:

  • In case of loss of key/ Swipe Card of the lockers a service charge of Rs.500/-has to be recovered from hirer in addition to the actual expenses incurred for breaking open the lockers and changing the lock by manufacturers of lockers.
  • Locker rent for a period of 3 years shall be payable in advance by the hirer. OR Security Deposit for locker for the amount covering 3 years rent, incidental expenses, if any to be recovered from the hirer and charges for breaking open of locker in case of any eventuality etc. shall be maintained with the bank. The said Security Deposit for Locker shall be kept in custody of the bank duly discharged by the locker holder/s and shall be renewed for the similar period at the prevailing rate of interest on the due date.
  • Interest on the said deposit shall be paid annually by crediting in SB /CD Account maintained with the bank. Standing instruction/ mandate to recover rent from such account on due date shall be obtained from the locker holder/s.
  • No refund of locker rent shall be admissible on premature surrender of the locker otherwise. Locker holder is required to operate the locker At least once in a year.
  • In case locker rent becomes overdue, operations in the locker will not be allowed till pending rent is paid.
  • A waiting list for allotment of lockers will be maintained. However, 25% in each category of the lockers will be allotted at the discretion of the Management considering business conditions/requirements.

GENERAL CONDITIONS:

  • All charges are inclusive of applicable Taxes.
  • Charges/rates are variable & subject to change without notice
  • (*) Except public holidays

Please contact our Naranpura Branch, to open and avail Auto Vault – Safe Deposit Locker facility.