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Can The Bank Compensate For Cash Destroyed In A Bank Locker?

Can The Bank Compensate For Cash Destroyed In A Bank Locker?

BusinessToday.In
BusinessToday.In
  • New Delhi ,
  • Sep 28, 2023,
  • Updated Sep 28, 2023, 11:38 AM IST

It’s an open secret that bank lockers are often used to stash illicit cash. Cash is not disclosed to income tax authorities. Which people are uncomfortable with keeping at home. Now imagine, termites eating through this stash, destroying all the cash kept in the locker. That’s the nightmare a family in UP’s Moradabad had to go through.

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