Hyderabad man invests ₹25,000 each for driver, housekeeper after finding they lack pension: ‘I’ll contribute every year'
A man named Naresh said he opened Kisan Vikas Patra accounts with ₹25,000 each for his driver and cook/housekeeper after realising they did not have access to a pension or provident fund.
Naresh, an advocate for road safety and defensive driving, has made a surprising investment of ₹25,000 each for his driver and cook/housekeeper after discovering they lacked pension or provident fund benefits. In a post on X, Naresh revealed his intention to provide these employees with greater financial support during their later years.
He explained that he opened Kisan Vikas Patra (KVP) accounts for both individuals, depositing ₹25,000 each. The KVP is a government-backed savings instrument that grows over a predetermined period, and Naresh noted that the investments would double in 10 years. He plans to continue contributing the same amount annually to build a financial cushion for his employees.
Naresh encouraged other employers to consider making similar contributions for their long-term employees, stating that even a smaller investment could make a meaningful difference. The post received praise and support from many users who shared their own experiences of financially supporting employees and domestic workers.
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