Abstract: The present invention relates to a re-usable internet based locking device that uses electronic keys (either single or a combination to be distributed to multiple parties) for opening and closing the locking device. It enables the institutions to offer highly secure, vault-grade locking device to their user in public places. These kiosks have security and surveillance levels that match bank ATMs. In addition, an optional visual tracking system allows the users to view the contents of their locking device, thus providing additional comfort regarding safety of their valuables in the locking device. A peripheral surveillance system with internal power backup and wireless internet connectivity is provided for alerting the central monitoring station if any distress is found in and around the kiosk.