What is the demat account number of Tirupati temple?

The demat account number of Tirupati temple is 16010100 00384828. This account is held with CDSL.

What is the demat account number of Siddhivinayak temple?

The demat account number of Siddhivinayak temple is 12047200 11413505. This account is held with CDSL.

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You can now donate shares to temples. This article shows how to do that

Posted on 18 Aug 2024
Author: Sayan Sircar

Tags: News

3 mins read
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Devotees have the option to donate shares from their demat account to temples like Siddhivinayak and Tirupati. This article gives you the information needed to donate.

You can now donate shares to temples. This article shows how to do that

📚 Topics covered:

What is the news?
What is the demat account details of these temples?
FAQs on donating shares to temples

What is the news?

Temples like Tirumala Tirupati Devasthanam in Tirupati and Shree Siddhivinayak Ganapati Temple in Mumbai have demat accounts for devotees to be able to donate shares and bonds to these temples. The details on the demat account are available on the CDSL website as a Press Release.

What is the demat account details of these temples?

Temple	Demat Account #	Depository
Shree Siddhivinayak Ganapati Temple Trust	12047200 11413505	CDSL
Tirumala Tirupati Devasthanam	16010100 00384828	CDSL

You can also donate mutual funds if you have them in demat account.

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FAQs on donating shares to temples

Why donate shares online to temples?

Demat accounts were setup since it was found that in many temples, devotees were donating physical share certificates in the hundi. Given that all shares are now dematerialised, such donations in paper form cannot be used by the temple authorities.

How to donate shares online?

Devotees with demat accounts held with CDSL (like Zerodha or HDFC Securities) can use CDSL’s EASIEST service to donate in a completely online manner. Those with demat accounts held with NSDL, e.g. Kotak Securities, have to use the offline Delivery Instruction Slip (DIS) method to donate.

Will there be a benefit under Section 80G if you donate shares.?

Devotees should get in touch with the temple authorities to explore getting an 80G certificate for their donations.

Will these donations get tracked in tax statements?

The Annual Information Statement (AIS) of both the devotee and the temple trust will capture this donation. There is no tax to be paid by either party since the donation is being done at zero consideration.

Can inactive shares also be donated?

Both active and inactive (trading stopped or de-listed shares) can be donated this way.

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