‘Zero Debt, Gold, Plot, No Cars, NSCs And Life Insurance’ in PM Narendra Modi’s Declared Assets, Investments
Prime Minister Narendra Modi has voluntarily declared the list of his assets along with liabilities and investments. According to the declaration, PM Modi’s wealth amounted nearly ₹2.85 crore on June 30, 2020. The worth of his assets have gone up by ₹2.49 crore since last year.
PM Modi has zero debt and his savings account balance was ₹3.38 lakh with ₹31,450 cash at home in June. In the same month, the 70-year-old had maintained a Fixed Deposit worth ₹1,60,28,039 in the State Bank of India’s Gandhinagar branch.
He also has a plot and one house in Gandhinagar worth ₹1.1 crore. Modi is among the four joint owners of this immovable property, with three of his family members. The PM owns four gold rings that weigh approximately 45 grams and valued worth ₹1,51,875.
In his declaration, the PM added that neither he owns a car nor any other motor vehicle.
To save tax, PM Modi has invested in National Savings Certificates (NSCs), life insurance and infrastructure bonds. The NSCs were valued worth ₹8,43,124, while he paid a life insurance premium of ₹1,50,957 in his recent instalment. In the previous financial year, PM Modi had NSCs of worth ₹7,61,646, while ₹1,90,347 was paid as his life insurance premiums.
In 2012, the Indian Prime Minister had purchased a bond of ₹20,000 of the L&T Infrastructure, which is yet to reach maturity.
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