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This Temple in India earns over Rs.1600 Crore Interest from Banks


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Tirumala Tirupati Devasthanams (TTD), the trustee of the renowned Lord Venkateswara Swamy temple in Tirumala, has achieved a significant milestone this year. TTD’s fixed deposit has reached an all-time high of Rs 1161 crore, reflecting the trust’s robust financial management. This is a remarkable increase compared to previous years, where TTD consistently made fixed deposits of Rs 500 crore or more annually over the past twelve years.

Tirumala Tirupati Devasthanams (TTD) is an independent trust which manages various temples, including the Tirumala Venkateswara Temple in Andhra Pradesh, India. The trust oversees the operations and finances of the richest and the most visited religious center in the world.

Tirumala Tirupati Devasthanams trust primarily manages the administration of Lord Venkateswara Temple, Tirumala. It also manages many other temples in Tirupati and all around the world. The temples include both historical and new temples which were constructed by TTD itself.

Financial Growth and Resilience

Despite facing challenges during the COVID-19 pandemic, which resulted in declines in fixed deposits in 2021 and 2022, TTD rebounded swiftly and surpassed its previous records. The trust has maintained a strong financial trajectory, accumulating a staggering Rs 8467 crore between 2013 and 2024. The Times of India report highlights a breakdown of TTD’s fixed deposits, showing a steady growth from Rs 608 crore in 2013 to a record-breaking Rs 1161 crore in 2024.

Diversification of Financial Portfolio

TTD’s financial portfolio extends beyond fixed deposits. The trust manages various trusts, such as the Sri Venkateswara Nithya Annaprasadam Trust and Sri Venkateswara Pranadanam Trust. These trusts have been buoyed by substantial donations from devotees, amassing funds totaling Rs 5529 crore. This demonstrates TTD’s ability to diversify its financial assets and generate additional income.

Unprecedented Financial Position

As of April 2024, TTD’s cash balances in banks and its numerous trusts have reached an unprecedented Rs 18817 crore, marking the highest sum in its history. This signifies the trust’s strong financial position and ability to effectively manage its resources. Additionally, TTD’s gold deposits have surged to 11329 kgs, following a recent deposit of 1031 kgs, further solidifying its financial stability.

Impressive Interest Earnings

Annually, TirumalaTirupati Devasthanams earns a remarkable Rs 1600 crore in interest on its fixed deposits. This substantial interest income contributes to the overall financial strength and sustainability of the trust.

TTD’s achievement of its highest-ever fixed deposit and its overall financial growth demonstrate its commitment to effective financial management, ensuring the continued maintenance and development of the Lord Venkateswara Swamy temple in Tirumala.

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