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Old currency in Temple Hundis

Demonetised currencies continued to pour into the ‘hundi’ of the famous Temples across the country it is reported. When it comes to Andhra Pradesh the hill shrine of Lord Venkateswara about Rs 1.7 crore worth such notes have been deposited in the last 11 days ending Tuesday, temple sources said.

Similarly with Yadadri and Bhadradri in Telangana the demonetised notes were seen in Hundis while being counted. People instead of throwing away and not knowing that they can be deposited in RBI were dumping the notes in the Temple Hundis. The old notes were seen here and there in small temples also.

Old currency in Temple Hundis

The Temple authorities are also finding ways and means for converting these notes it is reported.People who do not want to throw away old currency are just dumping it in the Temple Hundis.

The highest amount of demonetised notes found in the hundi was Rs 44 lakh on December 31 last year, the next day of the 50-day deadline to deposit the junked currency in banks or post offices, a senior temple official said.

Old currency in Temple Hundis

“It appears to be most astonishing that even after the 50-day deadline for depositing the demonetised notes in banks or post offices across the country ended on December 30, devotees continued to deposit such notes along with valid notes as offerings in the hundi of Lord Sri Venkateswara temple.

“The uninterrupted flow of defunct cash into the hundi has amounted to a total of about Rs 1.7 crore during the last 11 days.On New Year’s day also the Hundi had netted about Rs 31 lakh of defunct notes.

Old currency in Temple Hundis
Daily on an average, the hundi at the shrine has been netting about Rs 2.8 crore in the form of cash besides gold and other precious offerings. TTD is the richest temple in the world along with the Vatican city.Last year the collections of TTD crosssed Rs 1000 crore in cash it is reported.

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