Check points |
- Primary gold i.e. gold in any unfinished or semi finished form & includes ingots, bar blocks, slabs, billets, shots, pellets, rods, sheets, foils and wires shall not be pledged
- Gold Bricks / Biscuits/Sikh Bangles / Kada need not be taken as security for advance
- Silver or Diamond jewellery have not to be accepted for advance
- Gold ornaments with names inscribed of person other than borrower (S) are not to be accepted
- The valuation of the ornaments must be based on the weight and fineness of gold contents only
- No Objection Letter from wife of the borrower, stating no objection for the pledge of the gold ornaments
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