A 74-year-old retired Indian Air Force (IAF) airman CBR Prasad on Monday (15 July) donated almost the entire savings of his life amounting to Rs 1.08 crore to the Ministry of Defence, reports Asian News International (ANI).

The former airman met Defence Minister Rajnath Singh in New Delhi on 15 July and handed over the cheque to him.

"After fulfilling my family responsibilities, I thought I should give back to the defence whatever I got from there. I decided to give Rs 1.08 crore to the defence forces," Prasad was quoted in the report as saying.

On the question of where he got the idea of donating his life savings to the MoD, Prasad said, “When I was 20 years, and I was working in the Air Force, my officers called one gentleman GD Naidu from Coimbatore as a Chief Guest. He said that India was a great country because our sages thought that we should give back to our society, once our family responsibility is over,"

He further added, "You should not take back anything because you did not get anything while coming. Give the minimum needed to your family and the rest to the society and rest of the life work for the society,"

After serving the IAF for nine years, Prasad started poultry business and worked hard for 30 years. During this course he also went on to set up a sports university like campus in about 50 acre land. He asserted that he once used to dream of winning an Olympic medal but could not do so, and so he was training kids now.