1. Donations shoot up by 50 pct at Mumbai’s Siddhivinayak Temple post demonetisation

Donations shoot up by 50 pct at Mumbai’s Siddhivinayak Temple post demonetisation

Donations have shot up by almost 50 percent at Mumbai’s popular Siddhivinayak Temple thanks to the government’s demonetisation deccision.

By: | Mumbai | Published: November 18, 2016 10:14 AM
Normally the donation for Siddhivinayak Temple is around Rs.30 to Rs.40 lakhs per week, but post demonetisation, it has reportedly increased to Rs.60 lakhs per week.  (Reuters) Normally the donation for Siddhivinayak Temple is around Rs.30 to Rs.40 lakhs per week, but post demonetisation, it has reportedly increased to Rs.60 lakhs per week. (Reuters)

Donations have shot up by almost 50 percent at Mumbai’s popular Siddhivinayak Temple thanks to the government’s demonetisation deccision.

Normally the donation for Siddhivinayak Temple is around Rs.30 to Rs.40 lakhs per week, but post demonetisation, it has reportedly increased to Rs.60 lakhs per week.

“The average weekly collection is Rs.46.23 lakhs. But in the last ten days, the temple has received Rs 59.44 lakhs.

Though there is hardly any difference between the amounts deposited, the surprise element is the sharp rise in Rs.500 and Rs.1,000 notes received as donations,” said Siddhivinayak Temple Trust chairman Narendra Rane.

According to reports, devotees can also offer donations to Lord Ganesha in the form of shares or stocks of listed entities in addition to traditional offerings in cash and gold.   The Siddhivinayak Temple has also tied up with SBICAP Securities to provide devotees with an electronic platform to make offerings and donations of financial instruments.

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