Am I supposed to pay tax on my Forex transaction? What is the maximum permissible limit of the amount in Foreign Remittances? Am I required to report all my transactions to RBI?.... All these are the common questions that come to every individual who is involved in a foreign exchange transaction. .......Continue Reading.....
Changing Indian Investor Perceptions – Local to Global?
ICICI Securities, Motilal Oswal, Zerodha, Kuvera… Be a full-fledged broking house or a discount broker, all are being too ambitious and competing to offer overseas trading facilities at minimal cost. Courtesy to new generation platforms like Vested Finance or interactive brokers, savvy investors are .......Continue Reading.....
How to order Aadhaar PVC Card online? | Aadhaar Smart Card
“Order Aadhaar Card” is a new service launched by UIDAI which facilitates the Aadhaar holder to get their Aadhaar details printed on PVC card by paying nominal charges. Currently, Aadhaar letter is being issued as a laminated paper document to the residents after enrollment (or) .......Continue Reading.....
Latest Post Office Small Saving Schemes Interest rates Oct – Dec 2020 | Q3 of FY 2020-21
The Reserve Bank of India (RBI) has been cutting the key policy rates to mitigate Covid-19 impact. Also, most of the banks and financial institutions have already been reducing the interest rates on their deposits schemes. So, as widely anticipated, the central Govt had announced a steep cut in .......Continue Reading.....
RBI’s statistical data on Indian Household Savings & Investments (2019-20) | How & Where do we invest?
The Reserve Bank of India (RBI) has released the latest volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy - 2019-20' on 18th Sep, 2020. Through this publication, the Reserve Bank has been providing time series data on various Economic and Financial .......Continue Reading.....
Different types of Traditional Life Insurance Plans | Which one should you buy?
Insurance is a contract which provides protection against a possible eventuality or risk. So, insurance in its purest form is an expense rather than an investment. Broadly speaking, life insurance can be categorized as a 'pure risk' coverage plan and the other, which is a combination of .......Continue Reading.....
Multi-cap Mutual Funds Asset Allocation (NEW) Rules | SEBI’s New Norms
The Mutual funds are broadly classified as Equity based and Debt oriented mutual fund schemes. Equity funds are further classified into different categories like Large-cap, Mid-cap, Small-cap, Multi-cap, ELSS (Tax saving), Balanced funds etc., A Large-cap oriented mutual fund scheme .......Continue Reading.....
Property Sale Agreement Vs Sale Deed Vs Property Mutation | Differences & Importance
Real Estate Property is one of the most sort-after investment options in India. Whether you are a first-time property buyer or an experienced owner, buying a real estate property in India is not an easy task. As property related transactions involve lot of money and risks, .......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.....
