In the wake of the gold monetisation scheme announced by the central government, the TTD took a decision to shift its gold deposits from the short-term gold deposit scheme to the long-term gold deposit scheme in February this year.
Apart from this, the gold that was handed over to Mumbai Mint in May was refined into pure gold of 705 kg and was deposited under the long-term gold deposit scheme for 12 years at 2.5 per cent interest in SBI, taking the total to 2,780 kg.
The temple receives offerings from devotees in cash, jewellery, gold, silver, property deeds, and demat shares.
During 2017-18, the TTD expects to receive Rs 1,110 crore as capital funds from devotees; it is also expecting to garner Rs 807 crore as interest on investments.
Other revenue streams are the Special Entry Darshan, which is expected to fetch at least Rs 256 crore this financial year, accommodation fees of Rs 124 crore, and Rs 55 crore through the Arjitha Seva (darshan or seva to the gods) tickets.
Sanjiv S Patil, executive officer, Shree Siddhi Vinayak Ganapati Temple Trust, said that till now 50 kg of gold had been deposited and another 25-30 kg of gold will follow after the new board took over.