Tirumala temple explores gold schemes with high interest rates
By GCRU Gold News on Tuesday, June 21 2016, 01:51 - Permalink
The investment committee of the Tirumala Tirupathi Devasthanam (TTD) has advised its management to explore best rate of interest for gold it can invest for a period of one to three years, according to sources.
As reported earlier, the Tirumala or Balaji temple in Tirupati, one of the richest shrines in the world, has deposited 1,311 kg pure gold bars (0.995 fineness) with Punjab National Bank (PNB) under the new Gold Monetisation Scheme. TTD management is negotiating with public sector banks for better terms before making more such deposits.