Subroto Bagchi’s Re 1 SBI Cheque: A Symbol of True Wealth

Unknown Apr 02, 2026 2 Views

Mindtree co-founder Subroto Bagchi, renowned for his extraordinary philanthropy, has revealed that a simple Re 1 cheque from SBI is his most treasured possession—outshining the hundreds of crores he has donated over the years. This gesture has captured the imagination of many, highlighting...

Key Highlights

A Life of Giving:

Subroto Bagchi and his wife Susmita are among India’s top philanthropists, having donated hundreds of crores to causes such as public healthcare, education, and institution building. Their contributions include a ₹425 crore donation to IISc for a multi-speciality hospital and ₹55 crore to Ahmedabad University for public health education.

The Re 1 Cheque Story:

Despite his immense charitable giving, Bagchi considers a Re 1 cheque from the State Bank of India as his “biggest wealth.” For each of the eight years he served as Chief Advisor to the Odisha government, he accepted a symbolic salary of just Re 1 per year, receiving a total of eight cheques. The last cheque, dated July 3, 2024, was recently shared by him on social media as a testament to the value of service over material wealth.

Service Over Salary:

Bagchi’s decision to work for a token salary underscores his belief that true wealth lies in serving others and contributing to society, rather than in accumulating money. He described the cheque as something he would “never ever part with,” calling it the greatest treasure of his life.

Public Reaction:

The story has gone viral, with many praising Bagchi’s humility and commitment to public service. Social media users have hailed him as a living legend and an inspiration, noting that his actions set a rare example of leadership and selflessness.

Legacy of Impact:

Bagchi’s journey reflects a philosophy where personal fulfillment is derived from giving back and making a difference, rather than personal gain. His story continues to inspire countless others to pursue meaningful contributions to society.

Source: NDTV, Economic Times, News18 Hindi

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