The new new rules of gold loan are going to be implemented soon. RBI has made changes in the rules of gold loan in the interest of common people. The central bank believed that there were many flaws in the current rules of gold loan. The new rules have tried to remove them. Many rules have already been made strict. In some media reports, it has been said that only those people will get a gold loan when the new rules are implemented, who will show the receipt of buying gold jewelery. Let’s know what the matter is true.
RBI released a draft of new rules in April
RBI Gold Loan The draft of the new rules of K was released on 9 April. This draft has been discussed a lot. There are many such rules, which will directly affect the customers of gold loan. New rules gold loan banks and NBFC Will apply to both. RBI wants the same rules for banks and NBFCs in Gold Loan cases. The central bank believes that there will be no confusion among the customers.
Will you have to show a receipt to buy gold for gold loan?
Many big things have been mentioned in the proposal of RBI’s new rules of Gold loan. But, we are only discussing that rule here, which has been asked to show the receipt of buying gold to take gold loan. The Draft proposal of the RBI states that the person taking the gold will have to show the receipt of buying the gold, which he wants to take a loan. The draft states, “Landers/NBFC will not give gold loans in cases in which they will doubt about gold ornament.”
If there is no receipt to buy gold?
The draft also states that banks/NBFCs will keep the records of verification of gold or gold jewelery to be pledged. If a person does not have an original receipt to buy gold, then he will have to give a deck, which will mention how the bank or NBFC has fixed the owner of gold to be pledged.
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Will you get a gold loan on gold jewelery received from parents?
This means that if a person wants to pledge gold that he has inherited from parents, he will have to satisfy the bank or NBFC about it. When the bank or NBFC will not have any doubt about the gold ownership, it will approve the application of the gold loan.