October 2009

With middle class becoming more and more affluent, they are finding it difficult to store the valuables. Traditionally Indians have been storing the valuables in Bank Lockers. But, now a days it is very difficult to find a Bank Locker. In case you do find a Bank Locker, it is the size of Pigeon Hole and Banks charge a minimum of Rs. 2500 per Year and they also demand a huge Fixed Deposit along with it. If you are an Entrepreneur, you can open a chain of Safety Lockers through out India and the charges for each pigeon hole sized locker will fetch a cool Rs. 2000 per annum. Just walk into a bank with Bank Locker and estimate the money being made in a small area. It is mind boggling. Go ahead and start a safety locker business now. This idea (venture) cannot fail.