Telangana man purchases scooter using three years of saved 10-rupee coins

Ravi Joseph, a church pastor residing in the Lakshmipet area of the Mancherial district in Telangana, recently purchased a new Honda Activa scooter using a large collection of ten-rupee coins. The total cost of the vehicle amounted to Rs 1.23 lakh, which Joseph paid entirely in the small-denomination currency he had accumulated over the course of three years.

The savings process began three years ago when Joseph started setting aside the ten-rupee coins he received as change from his daily grocery and vegetable purchases. Rather than spending these coins on minor expenses, he consistently stored them away with the specific intention of funding a future purchase.

Joseph decided to pursue this unconventional saving method because his previous motorcycle had begun to malfunction and was no longer reliable for his daily transportation needs. As the collection of coins grew, he remained committed to the goal of replacing his aging vehicle with a new one.

The initiative was initially met with apprehension from his family members, who were uncertain about the practicality of saving such a large sum through small-denomination coins. However, as the savings continued to accumulate, his wife and children eventually offered their support, which encouraged him to persist until he reached the required amount.

Upon reaching the target of Rs 1.23 lakh, Joseph took his collection to a local dealership to complete the transaction. The purchase successfully allowed him to replace his old motorcycle with a new scooter, marking the culmination of his three-year saving effort.