Big news about where Indian Prime Minister Narendra Modi makes money and where he spends it

BIG NEWS ABOUT 

INDIAN PRIME 

MINISTER 

NARENDRA

MODI'S PROPERTY 

AND

WEALTH.  Find out 

where they make 

money and where 

they spend it.

                                    


 Indian Prime Minister Narendra Modi is a man that people all over the world want to know about, not just in India.  Recently, Prime Minister Modi has announced his assets and investments.  According to the latest announcement by Prime Minister Modi on property and investment, Modi's movable assets have increased by about 3.7 million in the last 15 months.

 Prime Minister Narendra Modi is a figure that not only the country but people all over the world want to know about.  Recently, Prime Minister Modi has given information about his property and investment.  According to the latest announcement by Prime Minister Modi on property and investment, Modi's movable assets have increased by about 3.7 million in the last 15 months.  In addition, they have invested most of their earnings here.
                                 


 According to information provided by Prime Minister Modi, Modi deposits money in term deposits and savings accounts.  In the last financial year, his total movable property has reached Rs. 1,75,63,618.  This financial situation of Prime Minister Modi is till June 30, 2020.  It was revealed on October 12.



 There has been no major change in Prime Minister Modi's immovable property.  He has a land in Gandhinagar, Gujarat.  It is priced at Rs 1.1 crore.
 Prime Minister Modi's statement also revealed that he jointly owns a plot in Sector 1 of Gandhinagar, measuring 3,531 square feet.  At the end of the declaration, Prime Minister Modi said that the Gandhinagar property was owned by three other joint owners.  Each of them has an equal share of 25%.

  It can be seen that the property mentioned in the declaration was purchased on October 25, 2002, just two months before he took over as the Chief Minister of Gujarat.  At the time, the property was worth a little over Rs 1.3 lakh.
  His family is also a part of it.  Most of Modi's earnings are fixed deposits.
                                    


 In case of term deposit, the interest rate on term deposit for one to five years will be in the range of 5.5 to 6.7%.  The interest rate on recurring deposits has been kept at 5.8% for five years.  In the language of banking, bank FD is also called term deposit.

 Apart from term deposits, Prime Minister Modi has also invested in life insurance, National Savings Certificates and infrastructure bonds.  They also get tax benefits by investing here.

 The government has recently issued the latest interest rates on separate deposits.  In the third quarter (October-December), the interest rate on National Savings Certificates will be 6.8 percent.  Investing in a National Savings Certificate carries a discount under 80C.

 Speaking of salary, Prime Minister Modi's monthly salary is Rs 2 lakh.  He has Rs 3.38 lakh in his savings account.  This information is dated June 30, 2020.  On March 31, 2019, he had only Rs 4,143 in his savings account. He has done FD at the SBI branch in Gandhinagar.  This amount has now increased to Rs. 16 million 28 thousand 39.

 Modi has no car of his own.  They have four gold rings.  He has deposited Rs. 8 lakh 43 thousand 124 in NSC.  He collects Rs. 150,957 for life insurance.  In the financial year 2019-20, he had deposited Rs. 761,646 in NSC.  He had collected Rs. 190,347 as life insurance premium.

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