Every year, a large number of Indians leave their homeland; either be it for work opportunities or for higher studies or set up a business. The main intention behind this is to earn more and perhaps get settled abroad.UAE is an economically rich country when compared to India. To make the most Continue Reading.....
Latest Sovereign Gold Bonds Issue Series-III (FY 2017-18) – Details, Features & Review
Sovereign Gold Bonds Scheme is an indirect way of investing in Gold. Instead of buying physical gold, investors can buy gold in paper form through Sovereign Gold Bonds. These bonds track the price of gold, plus an extra interest amount is paid on the investment.The Reserve Bank of India, in Continue Reading.....
Mutual Fund Schemes Categorization and Rationalization – Types of MF Schemes | SEBI’s Latest Guidelines
We have more than 11,000 Mutual Fund Schemes that are currently available in the market (Equity & Debt Schemes as on Sep, 2016). The Mutual funds are broadly classified as Equity based mutual funds and Debt oriented mutual fund schemes.Equity funds are further classified into different Continue Reading.....
What is Peer to Peer Lending? How does it work? | RBI’s latest Guidelines on P2P Lending Platforms
As per the latest RBI’s report, the total outstanding amount of un-secured loans (personal loans) given by the formal banking sector is around Rs 16,200 billion. That’s a huge amount!But, we all know that a majority of us (Indians) also rely on our friends, family members, acquaintances, money Continue Reading.....
A Complete Guide to ‘How Banks Assess Your Credit Health’ | How Lenders decide whether to give you Credit?
When Karthik’s father had a medical emergency, he decided to pursue one of the many loan/credit card offers he receives on a daily basis. Initially, all looked positive as the over-enthusiastic bank representative excitedly pointed all the benefits Karthik would receive and how this was truly the Continue Reading.....
New EPF Composite Declaration Form-11 for automatic EPF Transfer on change of Job!
EPF Form 11 is a declaration form which has to be submitted by an employee when taking up new employment in an organization which offers EPF Scheme (Employees Provident Fund). This form contains basic information regarding the employee like – name, date of birth, contact details, previous employment Continue Reading.....
How Technology is Redefining the Financial Services Industry – As we know it today!
Technology today is rapidly changing the world around us. The wide-spread availability of internet enabled mobile phones has helped the common man to reap the benefits of technological advances in all streams around them.A consumer today can hail a cab conveniently using the smart-phone instead Continue Reading.....
RBI’s latest data on Financial Savings & Liabilities of Indian Households (2016-17) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the nineteenth volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy - 2017' on 15th sep, 2017. Through this publication, the Reserve Bank has been providing time series data on various economic and financial Continue Reading.....
About ReLakhs
ReLakhs.com is a blog on personal finances. The main aim is to present the information on financial products in a simple,unbiased and easy to understand manner .This blog covers wide array of personal finance topics like insurance,home loans,banking services,mutual funds,tax planning,stock Continue Reading.....
