Tirupati temple looking for higher interest on Gold

The richest temple in the world, with annual offerings from devotees worth hundreds of crores of rupees is looking for better rates of interest on their investment. The management  of Tirumala Tirupati Devasthanams (TTD) has said that it will look for banks that offer highest interest rates for its gold available for investment. The TTD said in April that it deposited 1,311 kg of gold with Punjab National Bank (PNB) under the Gold Monetisation Scheme and is negotiating for better terms for making more such bank deposits.