BankIslami Safe Deposit Lockers
Locker sizes, annual rent, security-deposit waivers, and the Takaful coverage that comes with each size.
- 3 Sizes
- Takaful Covered
BankIslami offers safe deposit lockers in three sizes, each with an annual rent that can be waived entirely by maintaining a security deposit, and each carrying its own Takaful (Islamic insurance) coverage limit.
Locker Fees & Coverage (Jul–Dec 2026)
| Size | Annual Rent | Free If Security Deposit Is | Takaful Coverage |
|---|---|---|---|
| Small | Rs. 5,000 | Rs. 45,000 | Rs. 1,500,000 |
| Medium | Rs. 7,000 | Rs. 65,000 | Rs. 2,000,000 |
| Large | Rs. 9,000 | Rs. 90,000 | Rs. 2,500,000 |
From BankIslami's official Schedule of Bank Charges, 1st July to 31st December 2026. The security deposit itself is placed in a Mudaraba-based remunerative account, so it isn't idle money — it can earn profit while waiving your rent.
Other Locker Charges
- Key Deposit
- Rs. 3,500 (refundable)
- Locker Breaking Charges
- At actual
- Priority Banking Rent
- Free, subject to availability
Lockers are now issued only on the security-deposit basis shown above, though BankIslami notes that lockers already issued on the older straight-rental basis continue to be managed under their existing terms until further notice.
Frequently Asked Questions
What sizes do BankIslami safe deposit lockers come in?
Three sizes — Small (Rs. 5,000/year rent, Rs. 1,500,000 Takaful coverage), Medium (Rs. 7,000/year, Rs. 2,000,000 coverage), and Large (Rs. 9,000/year, Rs. 2,500,000 coverage).
Can I avoid paying locker rent at BankIslami?
Yes. Annual rent is waived entirely by maintaining a security deposit (Rs. 45,000 for Small, Rs. 65,000 for Medium, Rs. 90,000 for Large), which itself sits in a Mudaraba-based remunerative account and can earn profit.
Is there a key deposit for BankIslami lockers?
Yes, a refundable Rs. 3,500 key deposit applies in addition to rent or the security-deposit option.
Good For
- Deciding between paying annual rent or parking a security deposit instead
- Comparing locker Takaful coverage against the value of what you'd store
- Budgeting the refundable key deposit separately from rent
- Checking if Priority Banking status would waive your locker rent
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For independent verification, see State Bank of Pakistan, Pakistan Stock Exchange, SECP.