TTD White Papaer on Investments and Gold Deposits in Banks

 TTD on Saturday categorically denied social media reports that the TTD chairman and the board had decided to, invest surplus funds in Securities of AP Govt and GoI bonds.

Describing such reports as absolutely False, Incorrect and hence denied TTD released a white paper on investments and Gold deposits it had made during period 30.06.2019 and 30.09.2022, the term of the present TTD Board and its chairman.

In a status note the TTD said as per TTD Rules, it had invested in Scheduled Banks at the H1 rate of interest only.

As per TTD guidelines, quotations were invited from scheduled banks with the highest credit ratings for gold deposits and banks facing PCA ( prompt corrective 

Action process,) of RBI were not invited at all.

All gold donations of Srivari Hundi were sent to the Government mint under a 12-year ling Gold depositable monetization scheme. And all donations received by a bank were deposited in the same bank. The coins of parakamani collected by any bank were also deposited in the same bank.

Following are detailed accounts of investments and of gold deposits for a period between 30.06.2019 and 30.09.2022, the term of the present TTD Board and its chairman.