Now You Can Donate Shares To Your Favorite Temple

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Yes, it is one of its kind in the whole world, where an individual devotee can donate shares and bonds if the temple is having a Demat account.

Demat account works very similar to a bank account where all shares and bonds are held in electronic form. However, one can transfer the shares from one account to the other.

In India, many temples get huge donations in the form of cash, gold and foreign currency from devotee all over the world.

Here are temples who have Demat account:

Siddivinayak Temple

Siddhivinayak temple authorities have opened a CDSL Demat account with SBICAP Securities Ltd in the name of Shree Siddhivinayak Ganapati Temple Trust (Prabhadevi) Mumbai.

The Devotees of Lord Siddhivinayak can now avail the benefit and donate actively traded shares and securities to account number 12047200 11413505.

Tirupathi Temple

Last year, Tirumala Tirupati Devasthanams (TTD) had opened a CDSL Demat Account No. 16010100 00384828 to accept donations in the form of shares and securities with the trust reportedly receiving encouraging response from devotees.

Ujjain's Mahakal temple

According to the news report, Ujjain's Mahakal temple is also planning to open Demat account where an investor can donate and invest in shares in the name of God.
As per reports, businessmen will be allowed to make deities partners in their ventures which means that businessmen could invest in shares and bonds in the name of God.

Upcoming temples

Other temples include, Khajrana temple of Lord Ganesha and Ranjit Hanuman temple of Madhya Pradesh are also planning to open such accounts.

Another media report said that Mumbai's Babulnath Mandir, Shrinathji Temple in Rajasthan's Nathdwara and Swaminarayan Hindu Temple to open Demat accounts.

Donate shares

There are many businessmen devotees and investors who would like to donate in the form of shares and securities from the gains or profit they have made in the stock market.

Read more about: shares, donation, 80g
Story first published: Wednesday, July 20, 2016, 11:49 [IST]
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