TTD DEPOSITS GOLD IN PNB

Tirupati, 18 April 2016: The temple management of Tirumala Tirupati Devasthanams(TTD) has invested 1,311kg pure gold bars of 0.995 fineness in Punjab National Bank(PNB) on Monday.

In a formal programme held in the chambers of TTD Executive Officer Dr D Sambasiva Rao in TTD administrative building in Tirupati on Monday, the gold deposits are being made to PNB. Speaking on this occasion, the EO said, TTD has written a letter to RBI and GOI to amend the gold monetisation scheme. “If we get a green signal from them, then we could be able to deposit the existing deposits as well new one also under medium and long term schemes”, he added. Later the MD and CEO of PNB Smt Usha Anantha Subramaniyam also expressed her immense pleasure in associating with TTD, terming it as “Divine association”.

Tirupati JEO Sri P Bhaskar, Additional FACAO Sri O Balaji, Sri Vinod Joshi, GM, Ashok Kumar Yamma, DGM, Aswin Kumar Thamman DGM,

Meanwhile it may be mentioned here that PNB has come forward with a highest quotation of rate of interest with 1.75% per annum under the short term deposit scheme for a period of three years under Gold Monetisation scheme.