MUMBAI – The Reserve Bank of India (RBI) has ushered in a significant change in the financial sector. The RBI has issued new guidelines permitting banks and financial institutions to offer loans not only against gold jewellery but also against silver jewellery and coins. This move is set to open a new avenue for millions of people in both rural and urban areas to meet their urgent financial needs.

To ensure customer protection, the RBI has enforced stringent measures to safeguard the interests of borrowers.

To determine the value of silver, the average closing price of the metal over the previous 30 days or the closing price of the previous day, as published by SEBI-regulated exchanges, will be considered. Lending institutions must mandatorily test the purity and weight of the silver in the presence of the borrower and provide a certificate of valuation to the customer. Dharmendra: The He-Man, Pride of Indian Cinema

If the institution delays the return of the pledged silver after the loan is fully repaid, they must pay a penalty of ₹5,000 per day to the customer. In case of loan default, the auction process must be conducted transparently. It is mandatory to publish advertisements about the auction in regional and national newspapers. The reserve price for the auction must not be less than 90% of the silver's current market value. This new regulation is expected to play a significant role in the country's economy. By recognizing silver as a financial asset, it will increase the availability of credit, especially for rural populations and small entrepreneurs. INHEAVEN Bridal Princess Girl Tiara and Rhinestone Crown Headband Hair Accessories for Women Wedding Ceremony Party (Multicolor)

Key Regulatory Details (Effective April 1, 2026):

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