With 4 gold rings and no car, PM Modi’s net worth stands at Rs 2 crore


    Nation Next Newsroom | Sep 18, 2018 20:31

    As per the latest declaration of assets released by the Prime Minister’s Office (PMO), Prime Minister of India Narendra Modi owns net worth of Rs 2 crore.
    PM Narendra Modi

    As per the latest declaration of assets released by the Prime Minister’s Office (PMO), Prime Minister of India Narendra Modi owns net worth of Rs 2 crore. This information was released by the PMO as a part of a voluntary disclosure and the figures are as of March 31, 2018.

    Modi’s net worth includes four pieces of gold rings valued at Rs 1,38,060  weighing approximately 45 grams. He owns Rs 48,944 in cash and a little over Rs 1 crore in banks. However, the PM doesn’t own a single car. The PM also has an investment of less than Rs 2 lakhs and has no loans in his name.

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    Modi’s investments include L&T Infrastructure Bond that is currently worth Rs 20,000, a government bond – National Saving Certificate – worth Rs 5,18,235 and few Life Insurance Policies worth Rs 1,59,281.

    In immovable assets, Modi owns one-fourth share worth Rs 1 crore in a a 3531.45 sq.ft. residential apartment in Gandhinagar. Modi has a deposit of Rs 11,29,690 and Rs 1,07,96,288 in two accounts of State Bank of India respectively.