Demonetisation
Meanwhile, the board has asked devotees to keep the new rules of the RBI in mind.
PTI/Image for representation

The Tirumala Tirupati Devastanams (TTD), which manages the Lord Venkareswara temple atop Tirumala, is seemingly in a fix, as it is unable to deposit old currency notes, following the Reserve Bank of India (RBI) deadline.

Though the RBI has stopped accepting old notes, except deposits of those who were not in the country between November 10 and December 30, TTD officials stated that they still received old notes from devotees in the ‘Hundi’.

“We hoped that we can deposit the amount with RBI. We have not approached the government or any other body on depositing of old notes we have in the hundi,” TTD chairman, Krishnamurthy told Times of India.

Meanwhile, the board has asked devotees to keep the new rules of the RBI in mind.

After the demonetisation of old currency, hundi deposits, especially anonymous donations, saw a steep increase.

This may be due to the Finance Ministry’s announcement earlier that the cash deposited in temples would not come under the I-T scanner.

The TTD had stated that it witnessed nearly 1 lakh visitors daily, and a Hundi collection of nearly Rs 1.5 to Rs 2 crore every day before demonetisation.

Nearly 5.13 lakh devotees visited the temple in the eight days that followed demonetisation, with the hundi registering a whopping Rs 22.9 crore over the week.