BusinessPhoto: News18Hi BusinessBank Pays ₹50 Lakh Compensation for Lost Locker Jewels
Banking rules generally insure up to ₹5 lakh for losses in bank lockers. However, when a woman from Delhi lost jewels worth ₹47 lakh from her locker, the bank paid full compensation of ₹50 lakh. This case highlights differences in rules for lockers and accounts, and raises questions about the safety and compensation policies for valuables kept in bank lockers.
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