Is Your Gold Really Safe In A Bank Locker? What Customers Should Know
Last Update Date: 05-10-2026
Published by Times Now
Abhishek Kumar's role: Quoted
Abhishek Kumar, quoted from an India Today report, said lockers protect against theft at home but banks are not absolute insurers of contents. He explained that safety is shared: the bank secures the vault, and the customer is responsible for contents and keys.
More of Abhishek's views on money management
Times Now looks at whether gold and other valuables are safe in bank lockers after several reported thefts and losses. It explains the RBI's revised locker rules from 2022, including new agreements, alerts and CCTV retention, when banks are liable, and the cap on compensation at 100 times the annual locker rent.
Publisher source
Is Your Gold Really Safe In A Bank Locker? What Customers Should Know