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TTD in dilemma over Rs 50 cr demonetised notes received in hundi
The Tirumala-Tirupati Devasthanams is currently in possession of demonetised currency notes worth about Rs 50 cr, which the Centre has not allowed to be exchanged.

TIRUMALA, June 22: The Tirumala-Tirupati Devasthanams is in a dilemma as to what to do with the old currency notes worth about Rs 50 cr currently in its possession.

Demonetised notes contnued to accumulate in the hundi as devotees dropped them even after the demonetisation, Reddy had stated.

TTD trust board chairman YV Subba Reddy had met Union Finance Minister Nirmala Sitaraman in New Delhi on July 13 last year pleading for permission to surrender and exchange the currency notes in the denominations of Rs 500 and Rs 1,000 which were demonetised on November 8, 2016.

Sitharaman had promised to take up the issue with the Reserve Bank but nothing has happened, Reddy said recently.

The temple currently has 6.34 lakh currency notes of Rs 500 denomination and 1.8 lakh notes of Rs 1,000 denomination, totalling Rs 49.7 crore of demonetised currency.

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