SBI Vs Axis for locker
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I finally decided to take a bank locker and visited branches today.
Axis Bank
I don't have an account here but I can open one. The manager was friendly and explained that they have medium and above sizes available. The medium would cost ₹2500 + GST but they are currently running a 25% discount offer. There would also be ₹1000 + GST opening charges. Also, if I open a Priority account, I would get a 50% discount on the rental every year. Along with attractive discounts, they even offer 3 visits free/month.
SBI
I have an account here and they have only small, large and X-large. The annual charge would be ₹1500 + GST, ₹200 stamp paper for agreement, ₹500 + GST initial charges. No discounts as such though I have an account where salary gets credited. While they have assured of looking into converting it to CSP, my employer does not have a relationship with SBI. If the account gets converted to CSP, I can expect up to a 25% discount on the rental. With SBI, free visits are 12 per year.
While Axis looks like a no-brainer as I get more visits and less rental with Priority account, I am somehow inclined towards SBI due to their solid reputation and presence of a larger branch. What do you people suggest?
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Just go with one which is cheaper. Axis will definitely give better service if it matters to you. SBI staff is famous for all day long lunch but yeah govt banks are cheap. Safety is not to be worried in any of these.
When you'll finally go to SBI for opening locker, they'll push you to buy policies or insurance or something that they can call profitable investment from their perspective (of course loss making investment for you).
The branch manager in my area openly said they prefer customers with extra investments. Literally suggested 1 lakh per year policy, ULIP or investment plan I didn't bother to confirm, but it was definitely not term insurance or mutual fund.
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"I am somehow inclined towards SBI due to their solid reputation" - reputation of sucking your blood and making you run from pillar to post? Or you are living in some alternate reality?