Simply put, a time bank helps you encash good karma within your lifetime. Here’s an interesting report from Local 18.
By CNBCTV18.com September 6, 2025, 7:58:26 AM IST (Published)
Kanpur has opened a new kind of bank that trades in hours, not rupees. The initiative, called the Time Bank, allows members to deposit time spent helping others and withdraw equivalent hours when they themselves need assistance.
More than 20 residents have signed up since its launch, marking the first such venture in the city. Participants pledge to offer their time to fellow members, creating what organisers describe as a social safety net.
A global idea arrives in India
The concept first emerged in Japan, where communities sought to care for the elderly when family support was lacking. The model spread across countries and has gradually taken root in India, where more than 7,000 people are now members of various time banks.
Membership requires basic registration, supported by identification documents such as Aadhaar or PAN cards. “If you spend five hours serving someone, those hours are deposited
in your account. You can later use them whenever you need help,” Mahesh Kumar, a local resident explained.
Unlike charities or service organisations that mobilise money, the Time Bank values contributions entirely in hours, treating everyone’s effort equally.
Internationally, some governments fund and organise time banks, directing members to specific service projects. While Kanpur’s experiment is still small, its founders envision a growing network.
A lifeline for retirees
Advocates see particular promise for older adults. Retired bank employee O.P. Kanojia, one of the first members in Kanpur, sees the Time Bank as a remedy for isolation after retirement, a way to connect with society again.
Organisers hope the initiative will steadily attract more participants. Beyond providing practical help, they say, the Time Bank could foster a culture of service.
(Edited by : Sriram Iyer)
