PM Narendra Modi Has Only Rs 2.3 Crore in Assets and Owns No Car

Prime Minister Narendra Modi has been leading a life of simplicity as per the details made available by the PM's office this week that showed that his total assets accounted for only Rs 2.3 crore.

His cash-in-hand has fallen by 67 percent from the last year's Rs 1,50,000 to Rs 48,944. He has a residential property in Gandhinagar worth Rs 1 crore and the total value of movable assets were at Rs 1,28,50,498. He also owns a one-fourth part of a 3531.45 sq.ft. residential property that he bought for Rs 1 lakh in 2002.

Apart from this, he has a bank balance worth Rs 11,29,690 in SBI's Gandhinagar NSCH branch. Additionally, he has fixed deposits and MOD (Multi Option Deposit Scheme) worth Rs 1,07,96,288 at the same branch.

As a part of the declaration are tax saving infrastructure bonds worth Rs 20,000 dated January 25, 2012. He has also has an investment of Rs 5,18,235 in National Saving Certificate and a life insurance policy (LIC) of Rs 1,59,281 as of March 31, 2018.

Prime Minister Modi does not have a car registered in his name or any motor vehicle, aircraft, yachts or ships.

As part of his gold jewellery, he has four pieces of gold rings, weighing approximately 45 grams worth Rs 1,38,060 as on March 31, 2018, and has not bought any gold since he took over the PM office.

The declaration also shows that the PM has not taken any loan from a bank.