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The Times of India
The Times of India
World
TOI World Desk

Rs 1 lakh a month in Bengaluru: H-1B Redditor says US savings could last 9 years in India

An H-1B Redditor in India presented a mind-boggling calculation and claimed that the savings from the US job could give 9 years of runway in India without earning anything. The Redditor acknowledged that the numbers are not fool-proof and if the cost of living in India goes up, the calculation would go haywire, but at a time when thousands of H-1B visa holders are stranded in India with no visa stamping date opening for them, such figures can make the situation feel less catastrophic, the social media user said.

According to the calculation, the Redditor has $120,000 (Rs 1.1 crore) in savings. The US rent is $1950 per month and it has three months of lease. The car could be sold for $2.5K which will also be added to the savings. Considering that living in Bengaluru takes Rs 1 lakh per month, after 3 months of "dual burn" as the H-1B visa holder is paying ghe US rent as well, the remaining savings can translate to "9 years of runway in India" without earning anything.

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