Tirumala Temple: The Sri Venkateswara Temple in Tirumala, the world’s richest Hindu temple, has a internet price of over Rs 2.5 lakh crore. This additionally consists of 10.25 tonnes of gold. The property of Tirumala Tirupati Devasthanam (TTD) embody land parcels, buildings, money and gold deposits given by devotees as prasad. The TTD controls the affairs of the traditional hill temple. The temple physique has land and buildings in numerous components of the nation. According to officers, the TTD income is rising because of the improve within the money and gold choices made by the devotees.

The temple physique’s property on fastened deposits in banks are rising because of improve in rates of interest. TTD declared its record of property, together with fastened deposits and gold deposits, in a white paper. The TTD Trust Board denied the social media reviews and stated that they’ve determined to take a position the excess cash within the securities of the Government of Andhra Pradesh and Government of India Bonds. The belief maintains that the excess quantity is invested in scheduled banks.

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The board additionally claimed that they’ve strengthened their funding tips from 2019. Temple gold in banks has elevated from 7.3 tonnes in 2019 to 10.25 tonnes in 2022. There can also be good incomes on gold deposited in State Bank of India (SBI) and Indian Overseas Bank. In this, SBI has 9.8 tonnes of gold deposits and the remaining is with Indian Overseas Bank.

TTD knowledgeable that as per TTD tips, quotations had been invited from scheduled banks with highest credit standing for gold deposits and banks going through PCA (Prompt Corrective Action Process) of RBI weren’t invited. As of September 30, 2022, TTD had fastened deposits of over Rs 15,938 crore with 24 public sector and personal banks. Fixed deposits grew by Rs 2,913 crore in three years.

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TTD has over 900 immovable properties unfold over 7,000 acres throughout the nation. There are additionally a lot of temples in Andhra Pradesh, Telangana, Tamil Nadu, Odisha, Haryana, Maharashtra and Delhi. TTD had introduced a price range of Rs 3,100 crore for 2022-23. It estimated greater than Rs 668 crore as revenue by the use of curiosity from money deposits in banks. The temple physique can also be anticipated to earn Rs 1,000 crore as money choices in hundi alone.

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