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Modi’s has assets worth Rs3 crore, mostly fixed deposits: Election affidavit

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According to the Election Commission of India website, the Indian PM's movable assets are worth  Rs3,02,06,889

Desk Report

Publisted at 5:50 AM, Wed May 15th, 2024

Indian Prime Minister Narendra Modi has assets amounting to a little over  Rs3 crore, most of it in bank fixed deposits, according to his election affidavit.

Modi submitted the affidavit while filing his nomination papers on 14 May as a candidate from the Varanasi parliamentary constituency, a seat he has held twice earlier.

According to the affidavit submitted to the Election Commission of India, his movable assets are worth  Rs3,02,06,889. Most of this is in the form of fixed deposits with the State Bank of India that total over  Rs2.85 crore.

Other assets include four gold rings weighing 45g valued at  Rs2.67 lakh, cash in hand totalling  Rs52,920, National Savings Certificates worth  Rs9.12 lakh and income tax deduction of  Rs3.33 lakh for the past financial year.

Under “immovable assets”, the affidavit says "Nil".

Typically, land and houses fall under this category.

In the affidavit, Jashodaben is mentioned as Modi’s spouse. On assets held by her, the document says "Not known".

No criminal case is pending against Modi, nor has he been convicted of any crime, according to the document. There are no liabilities due to the government.

The Indian prime minister is described as a resident of Ahmedabad in the affidavit.

He did his SSC in 1967, got a BA degree from Delhi University in 1978 and an MA from Gujarat University in 1983, it added.

In the 2019 Lok Sabha elections, Modi had declared assets worth  Rs2.5 crore including a residential plot in Gujarat's Gandhinagar, fixed deposits of  Rs1.27 crore and  Rs38,750 cash in hand.

In the 2014 Lok Sabha elections, he disclosed total assets of  Rs1.65 crore.

Narendra Modi has a website and is on Facebook, microblogging site X, YouTube, Instagram and WhatsApp, according to the affidavit.

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