One can never have too many coins, whether for a hobby or for savings. Not nearly enough to fill a bank, but the Shri Saibaba Sansthan Trust (SSST) of the famous Shirdi Temple just did.
The state-owned banks where the temple trust has accounts have refused to accept coins from the trust because they have run out of space to keep them and the weight of the coins is posing a threat to the bank building.
According to reports, the Shri Saibaba Trust has accounts in 13 different state-owned branches. While the majority of them are in Shirdi, one branch is in Nashik.
Due to space constraints, four of these 13 banks have now refused to accept any additional coins received as donations. The Shirdi Saibaba Trust reportedly receives lakhs of rupees in coin donations.
The Trust currently has Rs 11 crores in coins deposited in various banks.
Meanwhile, the Trust has written to the Reserve Bank of India, requesting intervention because a large portion of the Temple’s donation is in coins.