Gold Loan pouches are packaging pouches that are made from high micron LDPE plastic. These pouches offer high-end security and for that very reason are made use of in the Banking industry and enterprises that offer gold loans. In days past, banks would use cloth bags and wax sealing to store gold in their respective lockers. Documentation was manual and cumbersome, giving way to inefficiencies which led to tampering, misplacement, and loss.
Now, with the advent of advanced technology and digitization, cloth bags have become obsolete in leading banks and gold loan enterprises. Gold Loan pouches have been substituted as the modern replacement for the storage of valuable precious metals like gold and understandably so.
Why Gold Loan Pouches?
Gold Loan pouches have a lot to offer in terms of ensuring that valuable assets such as gold are completely secure. Here are some listed features of these preferred pouches:
High-quality LDPE material makes them strong and durable enough to hold the weight of gold.
The pouches are easy to use as they come pre-glued with industrial strength adhesive, thus providing convenience and saving costs.
The main opening of the packaging comes with a closure that contains a layer of “hot melt” adhesive. Once sealed, the package can only be cut open.
The three sides of the packaging are printed with the message “Do Not Open” making it tamper-evident and hence less prone to tampering.
All necessary customer-related details such as Name, Account No, Weight of Contents, Internal Audits etc., is writable on one side of the pouch for easy, fast, and convenient referencing or cross checking. Ballpoint pens and ballpoint marker pens are used for a smudge-proof writing on the pouches.
Unique Serial Number:
Each pouch comes with a unique serial number. The barcode or number can be used to easily track complete information about the contents of a particular pouch and its owner. This allows for hassle-free data keeping and eliminates confusion.
Each pouch has a tear-off receipt containing complete details about the contents of the pouch. This is provided to the customer, whereas a scanned copy of the same is retained by the bank for reference purposes.
Types of Gold Pouches
Gold Pouches come in two types:
Single Use Pouches:
These are single-use Gold Pouches that come with a single opening. Once valuable contents are placed inside, the pouch is permanently sealed and can only be cut open. These pouches cannot be reused after an internal audit.
Multiple Use Pouches:
These are Gold Pouches that come with 2 additional perforated openings. In the case of an internal audit, the additional opening is used to access the contents inside. Once approved, a release tape is used to permanently seal the opening and the same pouch is reused after the audit. Once an additional opening is used, a VOID marking is displayed as an evidence of tampering.
Most private banks have now adopted Gold Pouches for maximum security and safety of the gold valuables as they are practically impossible to tamper with. At Qline, we offer high-quality packaging products at unbeatable prices. To know more about Gold Pouches or any other packaging material, contact us here. We look forward to serving you!