How is the Gold Kept Safe by the Financial Institutions?
- Posted:20th November, 2024
- Updated:20th November, 2024
Financial institutions take several measures to ensure the safety of the gold pledged for a loan:
- Secure Storage: Gold is stored in highly secure vaults with advanced security systems.
- Insurance Coverage: The gold is insured to protect against theft, loss, or damage.
- Restricted Access: Only authorized personnel have access to the stored gold, ensuring its safety.
- Regular Audits: Frequent audits are conducted to maintain the security and integrity of the stored gold.
These precautions ensure that the gold remains safe throughout the loan tenure.
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