Apr 24, 2024, 08:49 PM IST
TTD has recently made headlines with its highest ever fixed deposit of Rs 1161 crore, marking a remarkable increase compared to its deposits over the past 12 years.
TTD stands out as the only Hindu religious body consistently depositing Rs 500 crore or more annually over the last decade, showcasing unwavering financial prowess.
Between 2013 and 2024, TTD amassed a staggering sum of Rs 8467 crore in fixed deposits alone, elevating its total cumulative fixed deposits to unprecedented levels.
An annual breakdown of TTD's fixed deposits illustrates a steady rise, with notable fluctuations during pandemic times, yet maintaining resilience and financial stability.
Surpassing its previous highest fixed deposit of Rs 1153 crore in 2017, TTD achieved a new pinnacle with an FD of Rs 1161 crore in the current year, showcasing its continual growth trajectory.
Beyond its core operations, TTD operates various trusts like Sri Venkateswara Nithya Annaprasadam trust and Sri Venkateswara Pranadanam trust, accumulating substantial funds from devotee donations.
As of April 2024, TTD boasts a staggering cash balance of Rs 18817 crore across its bank accounts and associated trusts, marking the zenith of its financial prowess.
With an annual interest income of Rs 1600 crore from its fixed deposits, TTD ensures not only financial stability but also significant contributions towards its philanthropic and religious endeavors.
In addition to its formidable cash reserves, TTD's gold deposits in banks have surged to 11329 kgs, bolstered by its recent record-breaking gold deposit of 1031 kgs, further enhancing its asset portfolio.