No cash? Donate your stock portfolio instead at Madhya Pradesh's temples

Indore: People may soon be able to donate shares and bonds through D-MAT accounts to Madhya Pradesh's six temples, including Ujjain's famous Mahakaleshwar temple, on the lines of the Tirupati-Balaji temple in Andhra Pradesh, a senior official said on Thursday.

"We are thinking of opening D-MAT accounts in the name of Ujjain's Mahakaleshwar temple, Omkareshwar temple in Khandwa district, Bijasan devi temple at Salkanpur in Sehore district, Maihar devi temple in Satna district, the Khajrana
Ganesh temple of Indore and Ram Raja temple at Orchha in Tikamgarh district," MP's Religious Trusts and Endowments
Department's Additional Secretary Rajendra Singh told PTI.

"With this, devotees can donate shares and bonds to these temples," he said.

 No cash? Donate your stock portfolio instead at Madhya Pradeshs temples

Representational image. Reuters

The move is aimed at enhancing the income of these temples.

Singh said the department has written a letter to the concerned district collectors where these temples are situated
to examine the scheme and send their opinions. On the basis of their report, rules and regulations would be framed for the

After opening of the D-MAT accounts and receiving shares and bonds in donations, the temple's administrative committee will decide on when to encash them. The income generated through this mode will be deposited in the temple's account.

The Ujjain's Mahakaleshwar temple, one of the 12 Jyotirlings in the country, is among those popular temples which receive maximum offerings in the form of cash and jewellery.

Mahakaleshwar temple committee's administrator and Ujjain's Additional Collector RP Tiwari said after getting guidelines from the state government on the issue, the process to open D-MAT account of the temple would be initiated.

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Updated Date: Jun 16, 2016 17:52:47 IST

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