A story picked up by various media this week is the news that a beggar, Laxmi Das, has managed to save over 30,000 rupees over a period of 44 years, begging at a busy junction in Calcutta, India.
Why?
For her old age of course.
Rather than buying food and drink, she hoarded away spare coins since the age of 16 and now, at the grand old age of 60, had enough to open a bank account and get a credit card.
Exchanging her 30,000 rupees (about US$690), she was told by local police to put them in the local bank, as it's far safer than keeping them in the iron buckets she had in her house.
So they say.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
