HomeNewsBusinessStartupDemonetisation: Temple donations fall an estimated 35% in January

Demonetisation: Temple donations fall an estimated 35% in January

Even as temple donations have fallen an estimated 30%-35% in January 2017 due to demonetisation, Gods are now turning cashless with Freecharge, Mobikwik and Paytm.

February 07, 2017 / 21:26 IST
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Ayushmann Chawla & Harsimran Julka Moneycontrol

January has been a bad start for Indian Gods. According to estimates, temple donations have plummeted about 30 percent-35 percent from the same month last year as a result of demonetisation.

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As a result temples in India are leaving no stone unturned to accept cashless payments and boost donations through integration with e-wallets.  

“There has been an impact of about 35 percent this month as compared to same period last year. However, many temples might close their fiscal revenues higher than last year’s. Due to demonetisation, till December 31, anonymous donations were seen higher in temples. January has seen an impact in small ticket donations,” said Goonjan Mall, CEO and Cofounder of Online Prasad, a startup which helps people donate digitally to temples.