Now devotees can offer stocks to Siddhivinayak temple as donations to Lord Ganesha along with other traditional offerings in cash and gold, reports PTI
The Siddhivinayak Temple has tied up with SBICAP Securities to provide devotees with an electronic platform to make offerings and donations of financial instruments, PTI added.
"Devotees across the world can now donate to the temple in the form of shares through this facility. This will help in increasing revenue of the temple which will be further used for social cause," Narendra Murari Rane, chairman, Shree Siddhivinayak Ganapati Temple Trust said here today.
The initiative will initially allow for donations like shares or stocks of listed entities to be made in the electronic format via a demat account set up specially for the temple.
This will be later extended to other financial instruments like mutual funds, bonds and gold ETFs.
Rane said the donated shares will be sold on the same day or next day without considering the market conditions, added further.