Putting gold in a bank locker feels like the safest thing you can do. But the protection you think you have and the ...
Many people consider a bank locker to be the safest place to store their gold jewellery and other valuables. By paying an ...
With gold prices at a record high, many Indian households assume that jewellery stored in bank lockers is fully protected. Legally, that assumption is flawed. RBI rules cap what banks must pay if ...
Many customers are unsure whether banks keep duplicate keys, how lockers are opened if a key is lost, and who bears the cost.
Bank lockers offer limited protection for your gold. A Gold Overdraft facility provides better security and access to funds.
Bank Locker Keys Lost: Bank lockers are considered safer than keeping valuable jewelry or important documents at home. Many ...
Under Reserve Bank of India (RBI) guidelines, the responsibility of the bank is limited — and in many cases, the loss is ...
Upon loss of the key, the locker-hirer is obliged to immediately inform the bank, whereupon the bank is entitled to follow a ...
With rising gold prices, bank lockers may not offer adequate protection due to limited RBI-mandated liability. Explore ...
With gold prices seeing a surge, it is better to get insurance for the gold jewellery that you have in safe deposit lockers.