Demonetized 500 Rupees & 1000 Rs Old Notes Worth 25 Crore

Описание: Old Notes Value 25 Crore Rupees Still At Tirupati Temple Demonetized 500 Rupees & 1000 Rs Old Notes .Viral sach : Tirupati temple wants RBI to exchange old currency worth 25 crore scrapped notes to honour sentiments

The famous hill shrine of Lord Venkateswara at Tirumala here has demonetised note bundles with a total face value of about Rs 25 crore, a temple official said on Wednesday.

The scrapped currency in the denomination of Rs 1000 and Rs 500 was deposited by lakhs of devotees as fulfilment of their vow in the hundi (offering box).

It was deposited a few months after the Centre banned the notes on November 8, 2016. #CoinMan #ViralSach #Trending

Keeping in mind the sentiments attached to the cash offerings of devotees, the TTD has written letters to RBI for exchanging the currency, said additional financial adviser and chief account officer O Balaji of Tirumala Tirupati Devasthanams (TTD) that administers the hill temple.

They were awaiting a “positive reply,” he said.

The scrapped cash stockpile has been kept safely at the temple itself, he added.

The administration of Tirupati temple located at Tirumala in Andhra Pradesh have written to the Reserve Bank of India to exchange demonetised currency worth Rs 25 crores. Additional Financial Adviser and Chief Account Officer, O Balaji, of Tirumala Tirupati Devasthanams (TTD) said, they want to exchange the amount to ‘honour the sentiments of devotees’.


Lakhs of devotees had deposited demonetised currency in the form of Rs 1000 and Rs 500 notes in the offering box, after Narendra Modi government had invalidated Rs 1000 and Rs 500 notes on November 8, 2016. TTD administers of the hill temple, Balaji said they are waiting for a positive reply from the bank. The scrapped cash stock has been kept at the temple, he added.

The ‘historic’ move had been taken by the centre to ‘fight black money’. However, demonetisation received criticism from Indian as well as the international economists for its poor and hasty implementation. It had also reportedly reduced the industrial production and GDP growth rate.

By the end of August 2017, 99% of the banned currency had been deposited in banks: only approximately ₹14,000 crore of the total demonetised currency had been discarded, leading analysts to state that the effort had failed to remove black money from the system.

Miscellaneous
People who couldn’t adjust ‘black money’ during demonetisation donated Rs. 25 crore at Tirupati Balaji

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.

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