Tirumala Tirupati Devasthanams deposits 2,780 kg gold with SBI

Last year, TTD has deposited 1,311 kg of pure gold bars of 0.995 fineness with Punjab National Bank

The Tirumala Tirupati Devasthanams (TTD), which manages one of the world’s richest temples in Tirupati, has deposited 2,780 kg of gold with State Bank of India under the gold monetisation scheme.

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. 

In the process, 2,075 kg of gold is now under the long-term gold deposit scheme, earning an interest of 2.5 per cent a year for 12 years.

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