Banks in India have become easily accessible for getting loans for use by individuals. Debt and Loans are becoming common these days. The amount of total financial liabilities held by Indian households justifies this statement.As per the RBI's statistical data on Indian Economy (2016) ; Continue Reading.....
How to check / verify if your Aadhaar number is active or not?
We all are aware of the fact that Aadhar number is slowly becoming the most important document to have. It is now mandatory to quote your Aadhaar number when filing your income tax returns, to link Aadhar to PAN card, while making real estate deals or even to get a death certificate.It has been Continue Reading.....
How to check PAN Card Validity Status online?
The Income Tax department has recently deactivated as many as 11.44 lakh PAN cards and also identified thousands of fake PAN cards. It has been reported that the deactivated PAN cards violated the principle of one PAN per person, while the fake PAN cards had been allotted to non-existent persons Continue Reading.....
Lump sum Investment options for Retirees/Senior Citizens | Where to invest my Retiral benefits to get Regular Income?
Retirement is a new stage of life, and some even say 'life begins at retirement'. It is one of the most important life events for all of us.Whether you are a salaried person or self-employed person, each one of us, one day or the other, would like to hang up one’s boots and come out of active Continue Reading.....
Is Lock-in period for Investments applicable on unfortunate demise of the Investor?
We are aware of the fact that certain Investment (or) Saving schemes have a lock-in period. 'Lock-in period' is a common phenomenon especially with popular Tax saving Schemes. These schemes are like PPF, ELSS mutual funds, NSC, 5 year Tax saving Fixed Deposit, Senior citizen Savings Scheme Continue Reading.....
GST Registration | Importance, Benefits, Applicability & Registration Procedure
Goods & Services Tax (or) simply GST, has come into effect from 1st July, 2017. It replaces different types of indirect taxes (like VAT, Service Tax, entertainment tax, excise duty etc.,) and henceforth, only GST will be levied on all types of Goods (Products) and Services.GST is a Continue Reading.....
Interest on Inoperative EPF accounts | Will I get interest on my Dormant EPF account?
The Employees’ Provident Fund Organization (EPFO) has around Rs.27,000 crore lying in inoperative accounts. There are chances that a small portion of this unclaimed money is yours. Many employees feel that the EPF account transfer is a cumbersome process and is a painful experience. It is often Continue Reading.....
Online EPF Transfer | How to transfer PF funds to another EPF account Online?
If you are a salaried individual and contributing to EPF scheme then you may be aware of EPFO's OTCP (Online Transfer Claim Portal). PF subscribers have been using this online portal for submitting online EPF transfer requests (transfer of PF funds from previous EPF account to new EPF 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.....
