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Modi Declares ₹3.44 Crore Personal Wealth, Mostly in SBI Fixed Deposits

The March 31 affidavit outlines a cautious savings-led portfolio with no exposure to market-linked instruments.

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Overview

  • Bank fixed deposits total ₹3.263 crore, primarily at State Bank of India’s Gandhinagar branch, alongside ₹9.75 lakh in National Savings Certificates.
  • Total declared assets stand at ₹3.4369 crore as of March 31, 2025, up from ₹3.02 crore a year earlier and ₹2.51 crore in 2019.
  • The filing reports ₹59,920 in cash, a ₹1,104 savings-bank balance, and four gold rings weighing 45 grams valued at about ₹3.10 lakh.
  • Declared income is mainly from government salary and interest, including ₹2.20 lakh earned on fixed deposits in the latest year.
  • The affidavit lists no investments in mutual funds, bonds, debentures, or equity shares, reflecting a conservative approach.