Shree Siddhivinayak Ganapati Temple in Mumbai, frequented by the rich and powerful among other devotees, has opened a demat account to help followers donate equity shares and other securities.
The CDSL demat account has been opened with SBICAP Securities Ltd in the name of Shree Siddhivinayak Ganapati Temple Trust (Prabhadevi) Mumbai, which manages the famous Siddhivinayak Temple.
The temple figures among the wealthiest in the country with huge cash and gold holdings donated by the devotees.
“The devotees of Lord Siddhivinayak can now avail the benefit and donate actively traded shares and securities,” CDSL, a leading securities depository, said in a statement today.
CDSL Managing Director and CEO P S Reddy hoped that the devotees will take advantage of the novel facility being offered for the first time by a Temple Trust in Maharashtra State to them.
Last year, Tirumala Tirupati Devasthanams had opened a demat account, which is reportedly receiving encouraging response from devotees.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.