SJTA Decides To Park Srimandir’s Funds As FD In Union Bank Of India

Puri: After holding an important meeting with the local bankers of nationalized banks, the Shree Jagannath Temple Administration (SJTA) today formally decided to save its funds as fixed deposit for a year in the Union Bank of India as it assured an interest amount of 5.25 per cent.

This was informed today by SJTA’s Development Administrator Ajay Kumar Jena.

Speaking to the media soon after the vital meeting, the Development Administrator informed, It’s the temple fund of Rs 33.25 crore. Earlier, quotations were invited from various public sector undertaking banks. In this tender process, only three banks were the bidders.”

He added, “The Union Bank of India has quoted the highest amount of interest amount 5.25 followed by Canara Bank 5.20 and Bank of Boroda 4.95. The money will be fixed for a year only as the funds may be required for the developmental activities of the temple. Hence, the temple funds can be parked in the bank for maximum a year.”

The SJTA Development Administrator further informed, “Today we’ll send the proceeding for approval of the Chief Administrator. After he accords approval, the entire temple funds will saved in the concerned bank.”

Ajay Kumar Jena, Development administrator, SJTA