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HDFC Bank's Locker Rent Skyrockets 184%—Time to Adapt!

HDFC Bank's Locker Rent Skyrockets 184%—Time to Adapt!

Yo, HDFC Bank, the heavyweight champ of private banks in India, is raising locker rents by a staggering 184% starting April 1. If you want that 'extra medium' locker, you better be ready to shell out Rs 12,500, plus that 18% GST. Time to rethink your locker strategy, g!

Quick rundown

  1. HDFC Bank hikes locker rentals by up to 184%.
  2. Aadhaar-linked biometric authentication becomes mandatory.
  3. Metro Plus branches have the steepest locker rates.
  4. GST adds 18% to the locker rental cost.
  5. Consider smaller lockers or alternatives to save costs.

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