Shirdi investment in FDs, bonds exceeds Rs 500 cr
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Last Updated: Sunday, December 25, 2011, 18:30
  
Nagpur: One of the richest temples in the country, the Sai Baba temple at Shirdi, has come to amass a huge fortune with its investment in fixed deposits with banks and government securities exceeding Rs 500 crore mark as of March 31, 2011, according to the annual report of the temple.

The temple's annual report for the year 2010-11 was tabled in the recently concluded winter session of the Maharashtra assembly. The temple, which is visited by lakhs of devotees from across the world every year, has fixed deposits with various nationalised banks worth Rs 466 crore while it has invested Rs 40.84 crore in Kisaan Vikas Patra and Rs 22 crore in government bonds aggregating to about Rs 529 crore.

Besides, the temple also has gold valued at about Rs 28 crore and silver worth Rs 4 crore as also some other valuables like precious stones, copper and brass objects, according to the report.

The temple management, however, is generous in deploying its funds and spends money on improving civic amenities at Shirdi including underground drainage and installing traffic signals as also on providing medical facilities, the report stated.

PTI


First Published: Sunday, December 25, 2011, 18:30


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