Jagannath Temple Funds in YES Bank Transferred to SBI

Puri (Reporters Today Bureau): Amid the suspense in the Jagannath Temple funds deposited in YES Bank, the Bank today informed the Shree Jagannath Temple Administration about remission of a fix deposit worth Rs 389 crore along with interest of Rs 8,23,27,636 crore to the designated SBI account of the Jagannath temple.

An amount of Rs 397 crore (Principal amount of Rs 389 crore and interest Rs 8,23,27,636 crore) has been remitted to SBI account of Jagannath Temple Corpus Fund at Main Branch, Puri.

In the letter, senior vice-president of the YES Bank, Jaydev Das said that as per the term of condition of the fixed deposit placed with the bank, the YES Bank Ltd has fully paid all the quarterly interest on time up to December 31, 2019. The remaining interest that is accrued till March 19, 2020, has been remitted along with the principal amount of Rs 389 crore to SBI account of the Jagannath Temple Corpus Fund.