New bank lockers charges in Pakistan from July 2026 announced

LAHORE – A private bank has announced its updated schedule of charges for the second half of 2026, covering the period from July to December. Along with the general fee schedule, the Meezan Bank has also revised the rent for its lockers, which now varies according to the size of the locker. Customers opting for a locker will need to pay a one-time refundable key deposit of Rs5,000. The annual rent for small lockers has been set at Rs6,000, while medium lockers will cost Rs7,500 per year. Large lockers will carry an annual rent of Rs9,000. In cases where a locker needs to be broken, the charges will be applied at actual cost. Bank Locker Rent Key Deposit (Refundable): Rs5,000 (one-time) Small Locker Rent: Rs6,000 per year Medium Locker Rent: Rs7,500 per year Large Locker Rent: Rs9,000 per year Locker Breaking Charges: At actual cost The revised rent structure reflects the bank’s approach to align locker fees with their size and associated operational costs, ensuring that customers are charged fairly while maintaining the security and services provided by the bank.