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The primary functions of a commercial bank are accepting Deposits and also lending funds. Deposits are savings, current, or time deposits.  Banks take in funds, called Deposits, from those with money, pool them, and Lend them to those who need funds. Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money). The amount banks pay for deposits […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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Investing is easy! Figuring out ‘where to invest’ is the hard part. Irrespective of my quantum of earnings, I have been judiciously saving money for making investments. As I opined, it can be a challenging task to identify right financial investments. I too learnt the investment lessons the hard way only. I have been investing […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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ReLakhs.com completes 5 years! I can’t believe it’s been 5 years since I started blogging! Five years is a long time in the blogosphere, and I’m glad to still be around 🙂 Actually, this post was ideally due in the first week of June itself. Since I was out-of-station and had to take-up other priorities, I […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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The Reserve Bank of India (RBI) on April 4, 2019 has recently released its first bi-monthly rate review of financial year 2019-20. The key announcement under the policy is the rate cut by 25 basis points (1 bps is 0.01%). In view of the above, most of the banks and corporates may reduce the interest […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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Renting a residential property pales in comparison to leasing commercial properties. It involves larger spaces, higher rent, higher agent fees, and hence leading to higher overall investment. While residential agreements are made usually for 11 months, commercial agreements are B2B or B2C and are signed for much longer durations. There are too many complexities involved, […]

This Post appeared first on ReLakhs.com. Mohammed Tasleel

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As per the recent communication shared by the income tax department, all eligible income tax refunds will be only issued digitally. Further, tax refunds will be made only to the bank accounts which are linked with PAN. The above guidelines regarding the tax refunds have been effective from March 1, 2019.    So, to receive […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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The Reserve Bank of India (RBI) on April 4, 2019 has recently released its first bi-monthly rate review of financial year 2019-20. The key announcement under the policy is the rate cut by 25 basis points (1 bps is 0.01%). In view of the above, most of the banks and corporates may reduce the interest […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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Now-a-Days Media is talking a lot about Financial Investments for ex “Mutual Fund Sahi hai”, “UparkiKamaai” from ET Money, even Google have also started an Ad campaign on this on how you can use their “Search” utility to identify and get information on various Investment options. These developments are Awesome and is much needed because […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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The Central Board of Direct Taxes has notified the new ITR Forms for AY 2019-20 Income Tax Return Filing (for FY 2018-19). The new ITR forms in PDF format have been made available, while the excel utilities (or) Java Utilities for AY 2019-20 will soon be made available on incometaxindia e-filing website. What is Assessment Year […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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The interest rates on Bank fixed deposits may have touched the lowest levels (showing signs of an up-tick now) and the interest rates on popular small savings schemes are not very attractive either. Also, Tax Free Bond Issues are not available now. This is inducing many small investors to look out for better fixed income products […]

This Post appeared first on ReLakhs.com. Sreekanth Reddy

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