For Quick Alerts
For Daily Alerts

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.

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

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.

Read more about: modi
Story first published: Wednesday, September 19, 2018, 16:18 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more