Should you keep jewellery at home or in a bank locker? Find out

financialexpress.com:

A bank locker is a secure storage facility provided by banks for customers to safeguard valuable items such as jewelry, documents, and other important possessions. It typically involves renting a safe deposit box within the bank’s vault. Keeping valuables safe is a top priority for everyone. While home safes offer convenience, bank lockers provide an extra layer of security against theft, fire and other issues of storage.

Often Indian households keep their jewellery at home, but it becomes quite inconvenient to ensure safety as you will always be afraid of leaving your house unattended with precious metals lying unsafe in your cupboards. Choosing whether to keep jewellery at home or in a bank locker in India involves considering various factors related to safety, security, convenience, and personal preferences. Let’s explore these aspects in detail:

While opting for a bank locker we typically get confused as to which bank we must choose. It is advisable to choose a reputable bank with a strong security system and a history of reliability. Consider factors such as the bank’s location, operating hours, and fees associated with locker rentals.

Also Read: How to earn higher cashbacks with credit card payments

Before you choose a bank locker, you must know how much charges you will have to pay. That is why you should contact the bank to inquire about locker availability, sizes, and rental fees. Complete the necessary paperwork, provide identification documents, and pay the required rental charges.

Upon renting a locker, the bank provides two keys – one for you and one for the bank. Both keys are required to access the locker, ensuring an additional layer of security.

Bank lockers provide a level of privacy, as the contents