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Narendra Modi: Where India’s crorepati PM keeps his crores

PROPERTY:

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Narendra Modi: Where India’s crorepati PM keeps his crores

NEW DELHI: Prime Minister Narendra Modi owns movable and immovable assets worth Rs 2.3 crore, according to the latest declaration of his assets by the Prime Minister’s Office as of March 31, 2018.The Prime Minister has disclosed cash in hand of Rs 48,944, dropping by a significant 67% from around 1,50,000 rupees in the previous year, and a bank balance of Rs 11.3 lakh in a State Bank of India branch in Gandhinagar The declaration shows that the Prime Minister has not taken any loan from banks.Modi also has fixed deposits worth Rs 1.07 crore with SBI, and has invested Rs 20,000 in an infrastructure bond in 2012. Among his other investments are Rs 5.2 lakh in National Savings Certificate and Rs 1.6 lakh in life insurance policies. He also owns four gold rings worth Rs 1.38 lakh, but hasn't bought any gold jewellery since he took office.The PM owns some property -- a house in Gandhinagar built on a 3,500 sq ft of land, bought in 2002 for Rs 1.30 lakh. that is worth Rs 1 crore now.Modi, however, has no car registered in his name. His latest declaration shows that he doesn't own any motor vehicle, aircraft or yachts.