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LKS KNOWLEDGE

Financial Learning & Updates

Future LKS educational articles and member updates can be published here.

01

Understanding Chit Funds

A simple guide to the structure, members, instalments and auction stages of a chit.

02

Choosing a Chit Plan

What to compare when looking at chit value, duration, instalment and group availability.

03

How the Auction Works

An educational overview of the auction and prize process, subject to the applicable agreement.

04

Keeping Payment Records

Why members should retain receipts, agreements and supporting documents.

05

Planning Monthly Contributions

Practical ways to understand a contribution schedule before joining a plan.

06

LKS Updates

Approved company announcements, plan updates and member information can be added here.