The temple management of Tirumala Tirupati Devasthanams (TTD) has invested 1,311kg pure gold bars of 0.995 fineness in Punjab National Bank (PNB) on Monday.
In a formal programme held in the chambers of TTD, Executive Officer D Sambasiva Rao said the gold deposits are being made to PNB.
The EO said that TTD has written a letter to RBI
and government of India to amend the gold monetisation scheme.
“If we get the green signal from them, then we will be able to deposit the existing deposits as well new one also under medium and long-term schemes,” he added. Later the MD and CEO of PNB Usha Anantha Subramaniyam also expressed her immense pleasure in associating with TTD, terming it a “divine association”.
The PNB has come forward with a highest quotation of rate of interest with 1.75% per annum under the short-term deposit scheme for a period of three years under gold monetisation scheme.
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