Demonetization? Tirumala still gets old notes

  • | Friday | 24th November, 2017

Tirumala Tirupati Devasthanams (TTD) officials confirmed that a large number of devotees are offering demonetized currency into the temple hundis. What could put the temple officials in a fix is the latest discovery about old currency offerings into the hundis. He, however, refused to say the worth of worth of demonetized notes, saying their total value is yet to be evaluated. VIJAYAWADA: A year has gone by after PM Narendra Modi's DeMon came into effect and yet, the richest temple in the country continues to be flooded with old notes. Though not in huge numbers as we had seen in the early months of demonetization, the hundis are receiving a substantial old currency ," TTD chief accounting officer O Balaji told TOI.

VIJAYAWADA: A year has gone by after PM Narendra Modi's DeMon came into effect and yet, the richest temple in the country continues to be flooded with old notes. Tirumala Tirupati Devasthanams (TTD) officials confirmed that a large number of devotees are offering demonetized currency into the temple hundis."We are getting a lot of demonetized currency into the hundis. Though not in huge numbers as we had seen in the early months of demonetization, the hundis are receiving a substantial old currency ," TTD chief accounting officer O Balaji told TOI. He, however, refused to say the worth of worth of demonetized notes, saying their total value is yet to be evaluated. "We will pursue the matter with RBI as we have no other option," he added.It may be recalled the Reserve Bank of India had earlier refused to exchange 8 crore worth old notes, collected in the hundi after December 30 last year till March this year. What could put the temple officials in a fix is the latest discovery about old currency offerings into the hundis.

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