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Oh God! Banned notes continue to flood Tirumala hundi!

The demonetised 500 and 1000 rupee notes have become defunct in the country almost two weeks ago, but they continue to flood the Hundi of Lord Venkateshwara temple on Tirumala hills.

According to temple authorities, banned notes worth about Rs 1.7 crore have been deposited in the last 11 days.

The highest amount of demonetised notes found in the hundi was Rs 44 lakh on December 31 last year, the next day of the 50-day deadline to deposit the junked currency in banks or post offices. On New Year’s day also the hundi had netted about Rs 31 lakh of defunct notes.

It was expected that the flow of the demonetised cash into the hundi would further come down in the coming days, a temple official said.

He however declined to comment on the fate of defunct currency notes in kitty of Lord Venkateswara, post 50-day demonetisation period that had ended on December 30.

Daily on an average, the hundi at the shrine has been netting about Rs 2.8 crore in the form of cash besides gold and other precious offerings, he said.

The annual cash offerings of the hundi in the just ended calendar year have even crossed Rs 1000 crore, he said.

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Tags: Tirumala