PM Modi has less than Rs 50,000 cash, his total assets up Rs 2.28 mn

The amount in his savings account with SBI is up 8-fold to Rs 1.12 mn, FDs have risen to Rs 10.7 mn from Rs 9mn, but he still doesn't own a car

Prime Minister Narendra Modi’s cash-in-hand dropped by 67 per cent to Rs 48,944 as of March 31, 2018, from Rs 150,000 he had same time in the previous year, disclosures made by the government show. In contrast, during 2016-17, the PM’s cash-in-hand had risen by 67 per cent from Rs 89,700 recorded in the year ago filings.  

According to the latest filings for the financial year 2017-18, the overall worth of the PM’s financial assets, including the market value of the immovable assets he possesses, has gone up to Rs 22.8 million, up from a little over Rs 20 million in FY17. 

The PM’s savings bank deposits in a Gandhinagar branch of the State Bank of India stood at Rs 1.12 million in FY17-18, up from  Rs 133,496 during the previous year. Fixed deposits were pegged at Rs 10.7 million, up from around Rs nine million earlier. Infrastructure bond deposits of Rs 20,000 dated January 25, 2012, have remained part of his declarations. Also, there’s a National Savings Certificate worth Rs 518,235 and an LIC policy of Rs 159,281 as of March 2018.

As per the previous declarations after becoming the PM, Modi did not own any personal vehicle. In fact, the disclosures state the PM does not own any car, yacht, ship or aircraft.

The PM hasn’t added to the gold/jewellery he already possessed. It’s a constant at four pieces of gold rings valued at about Rs 138,060, based on the rate on March 31, 2018. The value of the rings in the previous year was lower at Rs 128,000. His property disclosures have also remained the same. He has a piece of residential land in Ahmedabad, purchased in October 2002. The current value of the property, estimated at around Rs 10 million, hasn’t changed from last year.

While in FY16, a new entry in the PM's financial assets was royalty from books at Rs 1.23 million, the subsequent  disclosures have not mentioned any royalty from books. The asset disclosures of his wife Jashodaben remain "not known", as in the previous years.