Richest Hindu temple Tirupathi Balaji deposits 2,780 Kg of gold with SBI

Last year, TTD had deposited 1,311 Kg of pure gold bars of 0.995 fineness with PNB

The Tirumala Tirupati Devasthanams (TTD), which manages one of the world's richest temples at Tirupathi, has deposited 2,780 Kg of gold with the State Bank of India under the Long Term Gold Deposit Scheme.

In the wake of the Gold Monetisation Scheme announced by the Central government, TTD in February 2017 took a decision to convert its gold deposits under the Short Term Gold Deposit Scheme to Long Term Gold Deposit Scheme. 

Hence, 2,075 Kg of gold deposits has been converted into the Long Term Deposit Scheme at a rate of 2.5 per cent per annum for a period of