Bank Locker Rules: What Happens If Your Gold and Valuables Are Stolen?

Bank locker rules can be important to understand if you keep gold jewellery, property papers, important documents or other valuables in a bank locker. Many customers assume that anything stolen from a locker will be fully reimbursed by the bank. However, that is not necessarily the case. Under the Reserve Bank of India (RBI) framework, a bank's liability depends on the circumstances of the loss and is subject to a specific compensation limit.