NEW - Vedic/Hindu Calendar for 2013

NEW - Vedic/Hindu Calendar for 2013
Shri Ramapir Mandir/Temple in Islamic Republic of Pakistan

Monday, May 31, 2010

World’s richest Hindu temple (Tirumala) Deposits One Ton of God in Bank in India

Monady,May 31,2010
(Priests perform special prayers at the sacred Golden Dome at the Lord Venkateswara temple in Tirupati)
TIRUPATI, INDIA : Tirumala Tirupati Devasthanams (TTD), the custodian of the world’s richest Hindu temple, has signed a pact with State Bank of India (SBI) for deposit of huge quantity of the surplus yellow metal lying in its treasury. The TTD has agreed, in the first phase, to deposit 1000 kg (2,204 lbs) of gold with SBI. The arrangement, which is expected to be a win-win situation for both the stakeholders, is also unique in the sense that a bank is coming to the doorsteps of Tirumala to receive the gold deposits and pay interest in the form of gold.

While the TTD paid in the past for charges towards transportation, insurance and melting (at the mint), the same will now be taken care of by the bank, thus saving a lot for the temple management.

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