Telangana man saves ₹10 coins for 3 years to buy ₹1.23 lakh Honda Activa – Video | Today’s news
A man from Telangana’s Mancherial district bought a Honda Activa scooter worth ₹Consumption 1.23 million ₹10 coins he saved over three years, news agency PTI reported.
B Ravi Joseph, a resident of Luxettipet, said he gradually accumulated coins from daily transactions, including food purchases, with the aim of buying something useful for his family.
Although his family members initially doubted his plan, they eventually came around and supported his decision, he said.
“Managed to save some money bit by bit”
Joseph, who is a church pastor, said he decided to buy a new scooter after his old vehicle started showing mechanical problems.
“During the last three years, from my daily routine and spending on groceries – even when I went out – wherever I went to the grocery store, I managed to save some money bit by bit and saved around Rs 1,23,000 bit by bit,” he told NDTV.
Joseph said he had hoped to buy a Royal Enfield Bullet but had to drop the plan due to financial constraints.
He started saving ₹10 coins on October 10, 2023. While he originally intended to use the money to buy a household, he eventually decided to invest his savings in buying a two-wheeler.
(LiveMint could not independently verify the authenticity of this video)
The family raises concerns ₹10 coins
During the three-year saving period, it is rumored that ₹10 coins could be discontinued or lose their legal tender status, causing concern among his family members. They discouraged him from collecting coins any more.
“My family asked me not to continue, but I didn’t give up. I kept saving coins, one transaction after another,” said Joseph.
It takes showroom staff two hours to count the coins
The showroom manager said Ravi Joseph had approached them about 15 days ago to check if they would accept coins as payment for the scooter. The showroom has agreed to accept the coins, a manager told PTI.
When Joseph brought his savings to the dealership, it took showroom staff nearly two hours to count the coins and verify the total. ₹1.23 million.
According to reports, the purchase was made at Jagadamba Honda Motors in Luxettipet. When Joseph took delivery of the scooter, he was accompanied by members of his family.
The unusual payment method attracted the attention of showroom staff and local residents.
Joseph’s three-year effort to save small amounts from everyday transactions eventually helped him fulfill his ambition of buying a new two-wheeler.