Story perspectives

Man Pays INR1.23 Lakh in 12,300 Ten-Rupee Coins

By Drooid · Oct 13, 2026, 4:25 PM UTC · How we work

Summary

Ravi Joseph Buys Honda

B Ravi Joseph bought a Honda Activa for INR1.23 lakh using 12,300 ten-rupee coins.
He saved the INR10 coins over three years before the purchase.
The Mancherial showroom manager confirmed the dealership would accept the full amount in coins.
Staff spent nearly two hours counting the coins before completing the sale.
His family, initially skeptical, later supported his decision after his previous vehicle broke down.

Summary

Joseph Pays Coins

A video of Joseph paying 12,300 ten-rupee coins quickly went viral on social media.
Netizens praised his discipline, calling the habit a lesson in financial prudence.
NDTV and The Economic Times reposted the clip, expanding its reach.
Online comments sparked debate on the relevance of low-denomination coins in India.
Some users suggested the story could inspire similar saving challenges nationwide.

History

Historical Context

India’s push for higher-value change began when the RBI issued the first INR10 coin in 2005, later updated with the rupee sign in 2011 and a new design in 2019. B. Ravi Joseph’s payment of 12,300 of those coins at a Honda showroom in Mancherial shows how that rollout still drives everyday transactions and debates over low-denomination relevance.

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Ravi Joseph Buys Honda

B Ravi Joseph bought a Honda Activa for INR1.23 lakh using 12,300 ten-rupee coins.
He saved the INR10 coins over three years before the purchase.
The Mancherial showroom manager confirmed the dealership would accept the full amount in coins.
Staff spent nearly two hours counting the coins before completing the sale.
His family, initially skeptical, later supported his decision after his previous vehicle broke down.

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