PM Narendra Modi Birthday: Bank Fixed Deposits and other small savings schemes are emerging as popular options for investment in India. PM Narendra Modi also believes in these investment options and that is why he has invested majority of his hard-earned lifetime savings in these options. According to his declared assets as of 31 March 2025, Narendra Modi has invested the most in Bank Fixed Deposits (FD) and National Savings Certificates (NSC). His total wealth is ₹34.3 million, which was ₹30.2 million a year ago. At the time of the 2019 general elections, it was ₹25.1 million.
Cash in hand:
PM Modi has ₹59,920 cash in hand.
Largest investment in Bank FD:
PM Narendra Modi’s trusts Bank Fixed Deposits the most. He has assets worth ₹32,634,258 in FD. This money is deposited in the SBI branch in Gandhinagar.
NSC – National Savings Certificate:
Narendra Modi also prefers the National Savings Certificate (NSC), which is part of small savings schemes, for investment. He has invested ₹974,964 in this scheme. NSC is a post office scheme with a maturity of 5 years. It earns an annual interest of 7.7%. It can be opened at any branch of the post office. Investing in this scheme also offers tax benefits under section 80C of the Income Tax Act.
Jewellery:
PM Modi has 4 gold rings with a total weight of 45 grams. Their value is approximately ₹310,365.
Bank balance:
PM Modi has ₹1,104 deposited in the SBI branch in Gandhinagar. In the same bank, he has ₹32,634,258 in Fixed Deposits.
Mutual Funds, Bonds, Debentures, and Shares:
He has not invested a single rupee in mutual funds, bonds, debentures, or shares.
TDS (Tax Deducted at Source):
Apart from this, ₹168,688 has been deducted as TDS from his salary, investments, and income. The interest earned from FD is ₹220,218.
How much has PM Modi’s wealth increased?
In the 2014 elections, PM Modi declared his assets as ₹16.5 million. In the 2019 elections, this had increased to ₹25.1 million. According to the affidavit filed in 2024, his assets had risen to ₹30.2 million. Now he has a total of ₹34,369,517. That means his wealth has more than doubled in the last 11 years and has increased by ₹4.3 million in just one year.
What is his source of income?
According to the affidavit, Prime Minister Narendra Modi’s primary sources of income are his government salary and interest earned on his savings.
(This story has been translated using AI from a report originally published in Financial Express Hindi. To read the original story, click here)
