The Economic Times

Delhi bank locker row: Rs 60 lakh jewellery loss claim sparks big questions on liability and compensation; Know your rights and how to protect your valuables

A Delhi woman reported Rs 60 lakh worth of jewelry missing from her bank locker, prompting a police investigation. Despite no signs of forced entry, the incident raises questions about bank liability. Current RBI regulations cap compensation at 100 times the annual locker rent, emphasizing the need for private insurance to cover the full value of valuables.