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The Economic Times
The Economic Times
Himanshi Singh

Pledged gold jewellery stolen in bank robbery: Will bank repay full gold value, including making charges? Consumer commission answers

What would you do if the gold jewellery you pledged for a gold loan gets robbed at the bank? Would you consider it gone or fight to get the money back? A resident of Tumkur in Karnataka found himself in a similar situation and decided to fight back.

But the question was whether he should get the value of his gold back or the full amount, including the making charges and stone value? A recent consumer commission has delivered a judgment that could set the record straight on what should ideally be done in cases like these.

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