Shirdi investment in FDs, bonds exceeds Rs 500 cr
The Sai Baba temple at Shirdi, has amassed huge fortune with its investment in fixed deposits with banks and government securities exceeding Rs 500 crore mark.
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
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 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