According to official figures, Prime Minister Narendra Modi‘s net worth is 3.07 crore, up 22 lakh over the previous year’s figure of 2.855 crores.
PM Modi, like many other ministers, has no stock market exposure and continues to invest in National Savings Certificates ($8.9 lakh), life insurance policies ($1.5 lakh), and L&T infrastructure bonds ($20,000) purchased in 2012.
PM Modi’s fixed deposits in SBI principally responsible for his increased wealth
PM Modi, like many other ministers, has no stock market exposure and continues to invest in National Savings Certificates ($8.9 lakh), life insurance policies ($1.5 lakh), and L&T infrastructure bonds ($20,000) purchased in 2012.
His fixed deposits in a State Bank of India branch in Gandhinagar are principally responsible for his increased wealth. According to the PM’s self-declaration, the fixed deposit as of March 31 was Rs.1.86 crore, up from Rs.1.6 crore the previous year.
Modi does not have a vehicle of his own. He owns four gold rings for a total of Rs.1.48 lakh. As of March 31, 2021, his bank balance (1.5 lakh) and cash in hand (36,000) are lower than last year.
Modi has not purchased any new property since 2014
Since becoming Prime Minister in 2014, Modi has not purchased any new property. His lone home property, which he purchased in 2002, is worth Rs. 1.1 crore. It’s a joint venture, and the PM owns only a quarter of it.
Modi’s rights cover over 3,531 square feet of the overall 14,125 square feet of land.
For more transparency in public life, the parliament decided during Atal Bihari Vajpayee’s term that all Union ministers would have to voluntarily reveal their assets and liabilities at the end of each financial year.
The declarations are in the public domain and can be found on the Prime Minister’s website.
