PM does not invest money in the stock market; There is an FD of about two crores in the bank | PM does not invest money in the stock market; There is an FD of about two crores in the bank

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  • PM Does Not Invest Money In The Stock Market; There Is An FD Of About Two Crores In The Bank

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File photo of Prime Minister Narendra Modi.

Like other ministers, Prime Minister Narendra Modi is also ‘conservative’ in terms of investment. Even Modi has not invested a single rupee in the stock market. He has fixed deposits of Rs 1.86 crore and National Savings Certificate (NSS) worth Rs 8.9 lakh. There are also insurance policies worth Rs 1.5 lakh and L&T Infrastructure bonds worth Rs 20,000 bought in 2012.

assets worth Rs 3.07 crore

According to official figures, Modi had assets worth Rs 3.07 crore as on March 31, 2021. Accordingly, his net worth has increased by Rs 22 lakh from Rs 2.85 crore a year ago. The reason for this is the increase in the value of his FD running in the Gandhinagar branch of SBI.

FD of Rs 1.86 crore

According to the PM’s affidavit, as on March 31, he had an FD of Rs 1.86 crore, which was valued at Rs 1.6 crore a year ago. There is also an information about PM that there is no vehicle in these names. Modi has four gold rings worth Rs 1.48 lakh. He has Rs 1.5 lakh in his bank account and cash of Rs 36,000.

1.1 crore house

Modi has not bought any new property since becoming the Prime Minister in 2014. He has a house bought in 2002 which is currently worth Rs 1.1 crore. In this house of total 14,125 square feet, he owns not the whole, but a quarter.

Information on PM’s website

When Atal Bihari Vajpayee was the prime minister, the government had decided that at the end of every financial year, all union ministers would voluntarily report their assets and liabilities. Its aim was to bring more transparency in the lives of politicians. This information is public and can be accessed through the PM’s website.

Shah is the richest minister in Modi government

According to the English business news portal Mint, Amit Shah is the richest minister in the Modi government. His net worth as on 31 March 2021 was 37,91,50,580 i.e. about 38 crores. His net worth, which was Rs 28.63 crore last year, has seen a jump of Rs 9.28 crore.

10 immovable properties worth 13.56 crores

Shah has 10 immovable properties and all are in Gujarat. The total value of the property purchased from her own earnings and inherited from her mother is Rs 13,56,08,593 (Rs 13.56 crore). The market value of his own purchased properties is Rs 5,71,08,593 (Rs 5.71 crore) while that of inherited assets is Rs 7,85,00,000.

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