*Beyond Bank Lockers: Secure Ways to Invest in Gold* *Safety of Gold/Jewellery in Bank Lockers*: Storing gold/jewellery in a bank locker may not be as secure as you think. In cases of fire, theft, robbery, or fraudulent activity by bank employees, the bank's liability is limited to 100 times the annual rent of the locker. For instance, if the annual rent is ₹1,000, the bank will only compensate ₹1 lakh, regardless of the actual value of the assets. *Limitations of Bank Locker Security*: Banks are not liable for damage or loss due to natural calamities like floods, earthquakes, fire, riots, or terrorist attacks. *Alternative Options* Consider these alternatives for securing your gold: 1. *Gold Monetisation Scheme* (GMS): Deposit idle gold coins, bars, or jewellery in a gold savings account and earn up to 2.5% interest per annum. You can redeem the principal in gold or cash equivalent to the value of gold at maturity. However, the gold may not be returned in its original form, ie. the repayment of the deposited gold or jewellery can be in a different form at the time of maturity. 2. *Mutual Fund Gold ETFs*: Invest in digital gold, which grows in line with gold prices. You can invest *lump sum or through monthly SIPs*. There are *no GST or dying charges*, and you can redeem partially or fully anytime. #goldinvestment 📈✨ #beyondbanklockers #digitalgold #goldetf