LKS Gold scheme review

By Team Gullak

Nov 13, 2024

4 min read

In this article, we dive into the essence of gold investing in India, exploring popular schemes like the LKS Gold Scheme and highlighting their advantages. We then shift focus to Gullak Gold+, a standout choice in the competitive landscape. Here, you'll discover how Gullak Gold+ compares to the LKS gold scheme & understand which to choose for your financial needs.

How does the LKS Gold Scheme work?

Monthly Savings: You deposit a fixed amount every month for eleven months.
Bonus Benefits: LKS adds a supplementary contribution equal to one month's instalment, effectively giving you 12 months' worth of savings for 11 months of deposits.
Purchase of Jewellery: Use the accumulated funds to buy gold jewelry at the end of the scheme period, with the current gold rate applied.
Variable Amounts: You need a minimum monthly deposit of ₹1000, but can choose higher amounts based on your budget.
High Purity: LKS guarantees 22k gold purity.

Benefits of LKS Gold Scheme

The LKS Gold Scheme offers several benefits to investors.

12th month’s advance paid by LKS Jewellery
With an initial investment requirement of ₹1000 per month, it provides a structured approach to gold savings.

How to log in to LKS Gold Scheme?

Visit the Official Website: Go to the LKS Gold Scheme website.
Click on Login: Find and select the 'Login' button on the homepage.
Enter Credentials: Input your registered mobile number and password.
OTP Verification: Enter the OTP sent to your mobile for verification.
Access Dashboard: Once verified, you will be redirected to your account dashboard.

How to make online payment for LKS Gold Scheme?

Visit LKS Website: Go to the official LKS website.
Login/Register: Use your credentials or create a new account.
Select LKS Gold Scheme: Choose the specific gold scheme you are enrolled in.
Enter Payment Details: Input the amount and payment method (credit/debit card, net banking).
Confirm Payment: Verify details and confirm the transaction.

Comparison of LKS Gold Scheme with Gullak Gold+

Before diving into the comparison, let’s quickly understand what Gullak Gold+ is.

Gullak Gold+ is a gold investment scheme that allows you to invest in Gold & grow your gold quantity every year. With Gullak Gold+, you can grow your gold by 5% every year. Example- If you invest 100 gms in Gold+, this becomes 105 gms in 1 year & 148 gms in 8 years You get all of this 48 gms for free!

There are no lock-in or maturity periods. You can withdraw as cash or gold coins or redeem gold at Gullak’s partner stores like Caratlane by Tanishq

Feature	LKS Gold Scheme	Gullak Gold+
Definition	Systematic payments for 11 months. The 12th month’s payment is made by LKS jewellery. At the end, you can buy gold jewellery from them		Scheme that allows you to grow your gold quantity by 5% every year along with all the other benefits of gold investments
Minimum Investment	₹1000/month	₹150/day
Lock-in Period	Lock-in period of 11 months	No Lock-in period, withdraw as cash/gold/redeem jewellery
Benefits	12th month’s advance is paid by the jeweller	Extra 5% gold every year, If redeeming jewellery get flat 5% off on gold price.
Payment terms	Fixed monthly advances	Can set up daily/weekly/monthly SIPs & pause, edit or resume when needed

Get Higher returns, more Benefits & Unlimited Flexibility

Explore Gullak Gold+

Which Gold Scheme should you choose?

The LKS gold scheme offers a great way to buy gold where the last month’s interest is paid by the jeweller. The scheme does have a few drawbacks like lack of liquidity & amount getting invested only after the 12 month period(i.e., at a higher future gold rate).

On the other hand, Gullak Gold+ offers a more flexible and advantageous investment option. Investments start from as low as ₹150/day, with no lock-in period. The extra 5% gold pa on Gullak Gold+ provides an added benefit that no other gold investment provides.

Only Scheme where Gold Quantity increases by 5%pa

Explore Gullak Gold+

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