Hyderabad man invests ₹25,000 each in driver and housekeeper after finding pension missing: ‘I will contribute every year’ | Today’s news

A man identified as Naresh shared how he did ₹25,000 investment each for their driver and cook/housekeeper after realizing they had no access to a pension or retirement fund.

In a post on X, Naresh, who described himself as an advocate for road safety and defensive driving, said he wanted to make a small start towards giving the two employees more financial support for their later years.

“I realized that my two employees, my driver and my cook/maid/housekeeper, have no pension fund,” he wrote.

He said he subsequently opened Kisan Vikas Patra (KVP) accounts with an investment of Rs ₹25 thousand for each employee.

“So I made a small start by opening Kisan Vikas Patra for. ₹25,000 each, which will double in 10 years,” he said.

“I think I’ll contribute the same amount once a year.

A person plans annual investments for employees

Naresh said the investment was meant to build a financial cushion for his driver and cook/housekeeper over time.

Kisan Vikas Patra is a government-backed small savings vehicle where the investment grows over a predetermined period. Naresh in his post stated that ₹25,000 investment would double in 10 years and that he was considering making the same contribution every year.

He also urged other employers to consider putting money aside for long-term employees.

“If you have some loyal employees, think about a small retirement investment. Even 10,000 is a start,” Naresh wrote.

“It will give them some financial support in their old age.”

Social media reacts to investments for domestic workers

The post invited users on X to share their own experiences with financial support for employees and domestic workers.

One user wrote, “My dad has been making this for his Munshi ji for over 25 years ₹1000 NSC every month in his name till my dad’s death in 2021. Nice initiative, keep it up.”

Another user wrote: “My father, an army officer, and my mother built a pucca house for our help. They did it quietly without ever making it public. I found out about it much later in life. I am proud of their generosity and the dignity with which they helped without telling anyone.”

Another user highlighted the role of government supported pension schemes and wrote: “Very good initiative. But action should also be taken by the government who started APY and people are using it but need to increase the amount.”