Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
National
Trending Desk

22-year-old Canada man says his Indian parents are saving wrong: They put Rs 50K of the Rs 70K he sends into chit funds; then ask more for bills and emergencies

A 22-year-old Indian man based in Canada says he sends Rs 70,000 every month to support his parents and younger sister back in India, but claims his parents funnel Rs 50,000 of that straight into chit funds each month and then come back to him asking for more money to cover everyday bills.

According to him, the maths simply does not work, and he says he has been unable to get his parents to see it that way.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.