Gold Safe In Bank Lockers? Horrifying Losses In Kanpur & Faridabad Expose Banking Security Holes

Gold Safe In Bank Lockers? Horrifying Losses In Kanpur & Faridabad Expose Banking Security Holes

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Business Today
  • Updated Aug 15, 2026 11:00 AM IST

How safe is your gold inside a bank locker? Shocking incidents from Kanpur and Faridabad have exposed glaring security gaps in major public banks. A customer in Kanpur discovered jewelry worth ₹50 lakh missing from her SBI locker after years of regular fee deductions. Meanwhile, in Faridabad, a Punjab National Bank customer reported ₹25 lakh worth of gold stolen after technicians had to break open a jammed locker. With Police FIRs filed and investigations underway against bank staff and security protocols, these horror stories leave millions of locker holders questioning the safety of their life savings.

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