The palace has now been converted into a museum having an exquisite collection of arms and armour, paintings, portraits of the Nawabs, and other various works of art including ivory articles and other valuables. The armoury has 2700 arms in its collections, including swords used by Siraj-ud-Daula and his grandfather, Nawab Alivardi Khan. Fittan cars used by the Nawabs and their families are the other prime attractions.

Finance Minister Pranab Mukherjee and State Bank of India chairman O. P. Bhatt were present on the occasion.