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How to deposit crores worth of coin donations at the Shirdi temple? RBI has a solution

Updated : June 19, 2019 10:17 PM IST

The RBI has ordered 16 nationalised banks — where SSST has accounts — to accept small change offered in the temple coffers by millions of devotees annually.
The coffers in the Saibaba Samadhi Temple and the surrounding complex cough out more than 1 crore coins worth around Rs 4 crore annually.
In a via-media solution, the SSST has now agreed to allot 8-10 high-security strongrooms in one of the temple premises to the banks for storing the coins.
How to deposit crores worth of coin donations at the Shirdi temple? RBI has a solution

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