India’s richest temple, the Tirumala Venkateswara Temple has deposited 2,780 kg of gold with State Bank of India (SBI), under the long-term gold deposit scheme. This move comes after the Centre announced its gold monetisation scheme in the Union Budget 2016. The new scheme allows depositors of gold to earn interest on their metal accounts. In February 2017, the Tirumala Tirupati Devasthanams (TTD), which manages the temple, took a decision to convert its gold deposits […]