Current Affairs - Banking - Discussion

Tirumala Tirupati Devasthanams which is the famous temple of Lord Venkateswara and of the richest Hindu temple in India has deposited 2,780 kg of gold with State Bank of India under long term deposit scheme. The gold deposits have been converted into the Long Term Deposit Scheme at a rate of 2.5% per annum for a period of 12 years from the date of investment under the Gold Monetisation Scheme. The temple receives offerings from devotees in cash, jewellery, gold, silver, property deeds, and Demat share transfers.