Narendra Modi Net Worth 2024: Bank Balance, Salary and Car

Honorable PM Narendra Modi’s net worth is estimated to be ₹3,07,68,885 (3.07 crore) in 2024. As per latest data, Narendra Modi’ has total net worth increased up to half crore as compare to his net worth 2.85 crores in 2023. He became the PM for the first time in Lok Sabha election 2014 and he is serving as Prime Minister of India for the second tenure. He is considered as one of the prominent figure in Indian politics. His income includes his salary as the Prime Minister of India, along with investments in fixed deposits and other assets.

We have mentioned the Narendra Modi Net worth breakdown with financial assets and investments in detailed below.

Narendra Modi Net Worth in 2024

Below is the net worth breakdown of Narendra Modi as per latest updated data in 2024.

Asset Category	Value (Approx.)	Description
Bank Deposits	₹1.86 crore	Fixed and savings deposits in banks
National Savings Certificates (NSC)	₹8.9 lakh	Investments in NSCs
Life Insurance Policies	₹1.5 lakh	Life insurance policy investments
Jewelry	₹1.5 lakh	Gold rings weighing 45 grams
Immovable Properties	₹1.1 crore	A plot in Gandhinagar Sector-1, co-owned with three other joint owners, with a fourth share in the property
Total Net Worth	₹3.07 crore ($0.4 million)

Who is Narendra Modi

Narendra Modi was born on September 17, 1950, in Vadnagar, India. He is the current Prime Minister of India. Narendra Modi taken the oath as 18th PM of India in May 2014. He is a member of the Bharatiya Janata Party (BJP) and the Rashtriya Swayamsevak Sangh (RSS). Narendra Modi is known for his strong leadership and transformative vision for India.

Before becoming Prime Minister, Modi served as the Chief Minister of Gujarat from 2001 to 2014, where he implemented significant economic and social reforms. His tenure as Prime Minister is marked by major initiatives such as the Goods and Services Tax (GST) reform, Make in India campaign, and efforts to improve digital infrastructure and financial inclusion.

Modi’s foreign policy has focused on strengthening ties with both Western and Eastern nations, positioning India as a key player on the global stage. However, his administration has faced criticism over issues such as religious tolerance and freedom of expression. Modi is also known for his emphasis on cleanliness and environmental initiatives, as seen in the Swachh Bharat Abhiyan. Despite controversies, Modi remains a highly influential and popular figure in Indian politics, known for his oratory skills and extensive use of social media.

He was re-elected in 2019, reflecting broad support for his policies and leadership style. Under his leadership, India has aimed for ambitious economic growth and greater influence in international affairs.

Narendra Modi – Overview

Event	Description
Born	17 September 1950
Political party	Bhartiya Janata Party
Spouse	Jashodaben Modi
Residence(s)	7, Lok Kalyan Marg, New Delhi, Delhi, India
Alma mater	Delhi University (BA) Gujarat University (MA)
Awards	Companion of the Order of Fiji Ebakl Award by the Republic of Palau Order of the Druk Gyalpo Legion of Merit by the US Government King Hamad Order of the Renaissance

Narendra Modi Assets

• The Prime Minister does not have investments in the stock market. His investment are as Public Investment funds Authentication (Rs. 8.9 lakh), life insurance arrangements, (Rs 1.5 lakh) and L&T foundation bonds purchased for Rs 20,000 of every 2012, as reported by Hindustan Times.

• During Atal Bihari Vajpayee’s term, it was concluded that all Union minister need to pronounce their resources and liabilities toward the finish of each monetary year intentionally. This was finished to increment straightforwardness in open life.

• PM Modi’s abundance supposedly expanded principally because of his decent stores in State Bank of India, Gandhinagar. The decent stores add up to Rs 1.86 crore instead of Rs. 1.6 crore last year.

• As far as resources, Modi possesses no vehicles. He has four gold rings esteemed at Rs 1.48 lakh and his bank balance remains at Rs 1.5 lakh, and money close by is Rs 36,000.

• Since becoming PM, he has not purchased any property. He has just a single private property purchased in 2002, of which he has one-fourth share. The announcements are accessible in the public domain and can be accessed through the PM’s website.

Narendra Modi Bank Balance

PM Narendra Modi’s bank balance stood at ₹1,52,480, with cash on hand amounting to ₹36,900 as of March 31. The increase in his net worth is attributed to his fixed deposits in the State Bank of India’s Gandhinagar branch, which are valued at ₹1.83 crore. Modi’s investments also include National Savings Certificates worth ₹8,93,251, life insurance policies valued at ₹1,50,957, and L&T infrastructure bonds purchased in 2012 for ₹20,000.

Additionally, he owns four gold rings valued at ₹1,48,331 and has a 25% share in a residential property valued at ₹1.1 crore, which he bought in 2002. Modi has not taken any loans, has no personal vehicle, and has not purchased any new property since becoming Prime Minister​.

Narendra Modi Salary in Rupees

Narendra Modi receive a monthly salary of 2 lakhs as a pm. His annual package is 19,20,000 INR. The total salary of the PM of India includes a basic pay of 50,000 INR along with various allowances, perks, and benefits. Apart from this, he also receives  various allowances, perks, and benefits in addition to basic pay.

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Modi vs Rahul: Who is richer

According to the data accessible on the PMO site and oneself sworn affirmation recorded by Rahul in front of the last Lok Sabha races, Rahul Gandhi is 637.9 times richer than Prime minister Modi. While the resources held by PM Modi absolute Rs 2.23 crore, Rahul has resources worth Rs 14.85 crore.

The resources of the Prime minister pronounced as of March 2022 worth Rs 2.32 crore is lower than Rs 2.85 crore announced in 2020 and Rs 2.49 crore in 2019. Rahul’s resources, then again, have developed from Rs 9.4 crore in 2014 to Rs 14.8 crore in the five years somewhere in the range of 2014 and 2019.

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Narendra Modi Car Collection

Prime Minister Narendra Modi does not own any personal vehicles in his name, according to his most recent asset declaration. This indicates that he does not have a personal car collection. Public figures like the Prime Minister often have official vehicles allocated to them for security and official duties, but these are not owned personally by them.

Narendra Modi Net Worth 2024 – FAQs

What is the salary of Narendra Modi?

Narendra Modi receives a salary of ₹19,20,000.00 each year.

How much is Rahul Gandhi total assets?

Rahul has resources worth Rs 14.85 crore.

Who gives PM compensation?

The Compensations and Stipends Allowances Act, 1952 essentially manage the pay rates and remittances of the Board of Ministers.

Is PM Modi’s car bulletproof?

Yes, and according to reports it can withstand bullets and blasts.