Prime Minister Narendra Modi‘s net worth has increased this year in comparison to last year, as per the latest asset declarations made public by the Prime Minister’s Office (PMO).
According to the prime minister’s latest asset declaration, his net worth was Rs 2.85 crore as of June 30, 2020, while it was Rs 2.49 crore last year.
His assets have mostly increased due to bank deposits of around Rs 3.3 lakh and returns on safe investments worth Rs 33 lakh during 2019.
According to the latest asset declaration, PM Modi had only Rs 31,450 as cash in hand and a bank balance of Rs 3,38,173 with SBI Gandhinagar NSC branch up to June 30, 2020.
He also had Bank FDR and MOD balance of Rs 1,60,28,939 at the same branch till June this year.
PM Modi also has National Savings Certificates (NSC) worth Rs 8,43,124, life insurance policies worth Rs 1,50,957 and tax-saving Infra bonds worth Rs 20,000.
The moveable assets possessed by the Prime Minister are worth around Rs 1.75 crore.
Although the asset declaration shows that he has no loans and no personal vehicle against his name, he possesses four gold rings, weighing approximately 45 grams and is valued at Rs 1.5 lakh.
The declarations also revealed that PM Modi jointly owns a plot in Sector-1 in Gandhinagar, measuring 3,531 square feet.
The property is held with three other joint owners, each having an equal share of 25 per cent.
On the other hand, the net worth of Union Home Minister Amit Shah has decreased in the last year.
As per the declarations, Shah has declared his net worth as Rs 28.63 crore as of June 2020, while it was Rs 32.3 crore in 2019.