Prime Minister Narendra Modi gets a monthly salary of about ₹1.66 lakh, which amounts to about ₹19.92 lakh each year. This remuneration includes a basic salary of ₹50,000, a expense allowance aka sumptuary allowance of ₹3,000, a daily allowance of ₹62,000 (₹2000 per day), and a parliamentary allowance of ₹45,000. Although the nominal pay might appear too little of a sum for the country’s top elected authority, it is drawn along with numerous benefits and perks that make the Prime Minister’s work easier.
Benefits and Perks Other Than Salary
Besides his salary, PM Modi also enjoys various government facilities. Most remarkably, he stays in the official Prime Minister’s house at 7, Lok Kalyan Marg, one of the most secure and well-laid-out government bungalows in Delhi whose maintenance and costs are all taken care of by the government. Further, his communications, security, travel, office charges, and so on are all funded by the state so that he can carry out his official work effectively without having to bear personal expenses for these necessities.
Modest Personal Wealth and Savings
PM Modi is a man of modest personal means and a simple life. He has, as per his self-disclosed assets, bank balances amounting to approximately ₹80,000, investment in National Savings Certificates for about ₹9.12 lakh, and fixed deposits amounting to a total of about ₹2.85 crore. He is not known to possess any immovable assets or vehicles under his name. Most of his funds are invested in liquid assets and government-backed savings plans, demonstrating his subtle yet wise handling of finances.
What Does PM Modi Do With His Salary?
Public records and disclosures reveal that PM Modi saves the majority of his salary, with major investments in fixed deposits and term deposits, which bring in interest income. Instead of living in luxury, he seems to prioritise saving and economic safety. His salary is mainly used for personal expenses, with the government bearing all official expenses. This is consistent with his public reputation as a simple servant of the people, reflecting austerity and commitment to duty above personal enrichment.
Comparison with Other World Leaders
Compared to the salaries of other world leaders, PM Modi’s compensation is relatively modest. Despite the substantial responsibilities he has, he earns less than several heads of state globally who receive higher pay and more lavish benefits. This fact often contributes to public respect and admiration for Modi’s simplicity and approach to governance.
