TTD Opens Demat Account To Accept Donations
Tirumala Tirupati Devasthanams, the managing body of Tirumala Venkateswara Temple, has opened up a demat account to accept donations from devotees in the form of shares and securities. From now, TTD will accept shares and securities as donations from devotees through the dematerialized account. TTD has started its account in Stock Holding Corporation of India Limited (SHCIL) as per a recent release. Online cash donations to Lord Venkateswara’s temple are already being accepted by TTD since quite some time but this is the first instance of a temple opening a demat account to accept electronic share certificates and securities.
“The Central Depositories Service Limited (CDSL) officers have met TTD EO Dr D Sambasiva in his Chambers at TTD administrative building in Tirupati last evening and handed over the related Demat papers to him in India”, say sources. The glory of Lord Sri Venkateswara on Tirumala is well-known worldwide and Tirumala temple is believed to be one of the richest temples in the world.