What is the functional difference between Loksabha and Rajyasabha of India?

This articles highlights the basic functional difference between Loksabha and Rajyasabha. How many number of members are there in each Loksabha and Rajyasabha. 

Being a citizen of India, one should know about India and its constituent. What are the elements of our Indian constituents. 

"Loksabha" is better known as "lower house"/"House of People"of Parliament of India and formed for maximum upto 5 years. Current Loksabha is fifteenth Loksabha led by UPA and was formed in May 2009. The maximum number of members of the Loksabha is 552 which includes 20 members representing Union territories of India. The motion of no confidence can be passed only in Loksabha and cause resignation of all the minister if motion was not in favor of ruling government. Current speaker of Loksabha is Meira Kumar while Rajyasabha does not have speaker but has chairman. The vice president of India holds this position. The current chairman of Rajyasabha is Dr Hamid Ansari.

"Rajyasabha" is better known as "The council of States"of Parliament of India. The maximum number of members of the Loksabha is 250. 

Loksabha is dissovled every after 5 years while in case of Rajyasabha every two year, one third of members retire. The member of Loksabha should be atleast 25 years old while for Rajysabha minimum age limit is 30 years. To become member of Loksabha, one must contest for election while for Rajyasabha it is not mandatory.

Bills like Money bills, motion of no confidence etc. can only be passed and introduced in Loksabha while Rajyasabha can make necessary changes in bill within time limit of 15 days with some corrections or without any changes. The final decision to accept the changes is upto Loksabha.