According to a TTD official, devotees continued offering scrapped notes post demonitisation and Rs 500 and Rs 1,000 banned notes kept on accumulating in the hundi
The Hush Post: A temple donation of old currency notes must have made a lot of sense to all those corrupt people who couldn’t deposit money in the bank during demonetisation in India. Though much water has flowed down since demonetisation was announced in November 2016, the dust refuses to settle down for the authorities at Lord Venkateshwara in Tirupati, Andhra Pradesh.
In a trouble of sorts, Tirumala Tirupati Devasthanams (TTD), which administers the shrine, has reported accumulating the demonetised currency worth Rs 25 crore. According to a TTD official, devotees continued offering scrapped notes post demonetisation and Rs 500 and Rs 1000 banned notes kept on accumulating in the hundi.
Seeking help, the authorities have written to the RBI. O Balaji, Additional Financial Advisor and Chief Accounting Officer of the TTD, said that keeping in mind the religious sentiments of the devotees, the TTD has asked the RBI to exchange the old currency and awaiting a positive response.
It is estimated that the hundi in the world’s richest Hindu shrine annually nets more than Rs. 1,000 crore, besides gold and silver offerings.