TTD Financial statement has been published

As per the provisions of TTD Rules, surplus amounts of TTD are being invested in Scheduled Banks at H1 rate of interest only.

TTD invites quotations from eligible Scheduled Banks / Institutions as per the Investment Guidelines and procedures approved by the TTD Board.

Further, in respect of Private Sector Banks they have to be approved by State Government and should have highest credit rating so as to eligible to call for quotations. The banks which forms part of RBI's Prompt corrective Action process (PCA) shall not be invited to participate in the quotations.

TTD Board has already resolved not to invest in Central Government or State Government Securities and accordingly no investments are being made in Central / State Government Securities.

The Gold offerings received through Srivari Hundi are being sent to India Government Mint for melting, refining and invested under Gold Monetisation Scheme in Long term Gold deposits of 12 years.

The "donations collected by banks*, in respect of Trust donations are being invested with the same banks as per their existing rate of interest. The banks that collect coins in Parakamani are being invested with the same banks as per the existing rate of interest (without insisting on rating) since coin disposal is a herculean task for TTD and to Bank.

The present TTD Board have further strengthened the Investment Guidelines from 2019 onwards. The rumours spread in Social Media that TTD Board and Chairman, TTD have decided to invest funds of TTD in Government of India Securities or Government Securities of Andhra Pradesh is absolutely False, Incorrect and hence denied. It is also evident that during Corona period, where Hundi Income has considerably reduced, the revenue has been increased by prudent Financial Management. The devotees of Lord Venkateswara and public at large may kindly take note that neither TTD Board nor Government of Andra Pradesh has directed TD to invest any amount in Government Securities of Andra Pradesh.