Source : INDIA TODAY NEWS
A 27-year-old PSU employee has shared how a 23 lakh annual CTC, subsidised living and remote postings have helped him build significant savings early in his career, even as he struggles with a lack of personal and professional growth.
The employee, who works for a public sector undertaking (PSU), said he earns roughly 1.3 lakh per month, while his monthly expenses rarely exceed 15,000.
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According to the post, the company provides free accommodation, fuel, heavily subsidised electricity and inexpensive food at the workplace. As a result, he is able to save a large portion of his income.
He also receives performance-related pay of around 28,000 per month, and 14,000 is credited to his NPS account by the company. With basic expenses largely covered, he said his performance pay alone is often enough to manage his monthly spending, allowing him to save most of his salary.
REMOTE POSTINGS MEAN FEWER CHANCES TO SPEND
However, the financial advantages come with a trade-off.
The employee said he is posted in a tier-3 village where the nearest major civilisation is around 50 km away. With limited entertainment and few places to spend money, weekends can often become monotonous.
To break the routine, he travels to Delhi for a few days each month and spends freely on gadgets, gaming, sneakers, premium clothing, restaurants and other hobbies.
He said that while his lifestyle is boring for much of the month, the low cost of living gives him greater spending power compared to many of his peers working in private companies.
FINANCIAL SECURITY, BUT LITTLE PERSONAL GROWTH
The employee also highlighted the financial security offered by his PSU job, including access to loans at low interest rates.
However, despite the comfortable salary and savings, he admitted that he regrets leaving his previous MNC job because of what he described as poor work culture and limited opportunities for personal growth.
While many of his friends in private companies are learning new skills and progressing professionally, he feels he is becoming increasingly disinterested in his work.
Now, after saving enough money, the 27-year-old plans to pursue an MBA from a top-20 business school without taking an education loan.
For him, the PSU job provided financial freedom and the opportunity to travel, party, and pursue hobbies throughout his twenties. But as he looks ahead, he hopes the next phase of his career will bring something he feels is currently missing, meaningful work and a better lifestyle in a tier-1 city.
(Disclaimer: This story is based on a social media post. The details, including figures, background, and outcomes, have not been independently verified by India Today. The article is intended for informational purposes only, and readers are advised to exercise their own discretion before drawing conclusions or making decisions based on the content.)
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SOURCE :- TIMES OF INDIA
