Following the Income Tax department's instructions, the Shree Saibaba Sansthan Trust (SSST) stopped depositing these defunct notes in the bank since November 24.
The temple received a whopping Rs 1.57 crore in old Rs 500 and Rs 1,000 notes in the cash boxes between November 8 and November 24, said Bajirao Shinde, executive officer of SSST.
Since November 8, SSST had stopped accepting donations in defunct notes at its donation counters, however the devotees continued to put old notes in the cash-boxes.
However, the people still dropped old notes in the boxes and SSST received another Rs 71 lakhs in defunct notes, which have been kept in the temple's treasury, Shinde said.
The temple is awaiting instructions from the IT department on how to deal with this cash, the official added.
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