News Edition 24 Desk: According to the latest data available on the PM’s website, the net worth of PM Modi has increased this year as compared to last year. The net worth of PM Modi has gone up to ₹3,07,68,885 (3.07 crores) as per his latest announcement from ₹2.85 crores last year. In the last year, his net worth has increased by Rs 22 lakh.
PM Modi’s bank balance
The 71-year-old prime minister had a bank balance of ₹1,52,480 and ₹36,900 in cash as of March 31. The increase in his wealth is due to his fixed deposit in the Gandhinagar branch of the State Bank of India. The fixed deposit (FD) of his SBI Gandhinagar NSC branch stood at ₹1.83 crores as of March 31 this year, as against ₹1.6 crores last year.
PM Modi’s investment in Bonds/Shares/Mutual Funds, another amount
PM Modi’s wealth has neither exposure to the stock market nor mutual funds. Instead, he has invested in National Savings Certificates (₹8,93,251), life insurance policies (₹1,50,957), and L&T Infrastructure Bonds, which he bought in 2012 for ₹20,000.
PM Modi has neither a loan nor car
The Prime Minister has not taken any loan and has no arrears. He doesn’t even have a personal vehicle of his own.
PM Modi’s investment in gold and property
He has four gold rings worth ₹ 1,48, 331. They have a residential property worth ₹1.1 crores, which is a combined property and they have only 25% share in it. He had bought the property on October 25, 2002, barely two months before he became the Chief Minister of Gujarat. At that time, the 3,531 sq ft plot cost a little over ₹1.3 lakh. Modi has not bought any new assets since he started serving as the Prime Minister of India in 2014.