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UAE: Worker wins Dh1 million in National Bonds draw after saving Dh100 every month

His path to financial success showcases his saving practices and commitment to his family's welfare

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by

SM Ayaz Zakir

Published: Tue 25 Jun 2024, 1:26 PM

Last updated: Wed 26 Jun 2024, 10:16 AM

Nagendram Borugadda, a 46-year-old electrician, has become a millionaire after winning Dh1 million in the latest National Bonds draw.

The Indian's path to financial success is a testament of his saving practices and commitment to his family's welfare.

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Borugadda arrived in the UAE in 2017, to provide a brighter future for his family. As a father of two children, an 18-year-old daughter and a 14-year-old son, he focused on working hard and saving money.

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Since 2019, he has been saving money with National Bonds, contributing Dh100 every month through direct debit. This consistent saving strategy paid off, leading to his unexpected yet life-changing win.

“It’s truly overwhelming. I came to the UAE to build a better life for my family and provide a good education for my children. This win feels surreal. National Bonds has given me a chance to finally secure their future and fulfil my long-held aspirations for their education,” said Borugadda.

Alongside Borugadda, Abdulla Ali, an Emirati winner, clinched the Dh1 million grand prize in April 2024.

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SM Ayaz Zakir

Published: Tue 25 Jun 2024, 1:26 PM

Last updated: Wed 26 Jun 2024, 10:16 AM

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