What is a Security Deposit?
Everything landlords and tenants in India need to know about security deposits, refund rules, and city-wise norms.
TL;DR
A security deposit is a refundable sum tenants pay before moving in, covering potential damages or unpaid rent. In India, it ranges from 1–2 months' rent (North India) to 6–10 months' rent (Bangalore). Landlords must return it within 30–60 days of move-out, minus legitimate deductions.
Security Deposit by Indian City
| City | Typical Deposit |
|---|---|
| Mumbai | 2–3 months' rent |
| Delhi NCR | 1–2 months' rent |
| Bangalore | 6–10 months' rent |
| Chennai | 3–6 months' rent |
| Hyderabad | 2–3 months' rent |
| Pune | 2–3 months' rent |
Legitimate Deductions at Move-Out
- Damage to walls, flooring, or fixtures beyond normal wear and tear
- Unpaid utility bills (electricity, water, gas)
- Unpaid maintenance or society charges
- Unpaid rent for the notice period
- Deep cleaning costs (if agreed in the lease)
Track Security Deposits Automatically
MyProperty tracks deposits per lease and calculates deductions at move-out.
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