Citizen Investment Trust(Nagarik Lagani Kosh Nepal) was established on 18th March 1991. It is an autonomous body.
Formally it has been operating its activities since 15th January 1992. The employee of an organized institution and the government of Nepal collect deposits in CIT (Nagarik Lagani Kosh Nepal).
The amount deposited in CIT is tax-free at the moment. However, certain income tax must be if the deposits cross the threshold.
CIT mainly helps for capital formation to the nation. The deposit thus collected can be in megaprojects of the country. Currently, CIT has invested few billions of rupees in the upper Tamakoshi hydro project.
Similarly, the depositor can take their eighty percent deposit as a loan.
On the other hand, CIT provides loans quickly to the depositor after taking collateral. The rate of interest in the loan thus provided is quite reasonable.
CIT has completed its two-decade challenging years with the simultaneous growth of the dynamic capital market in Nepal. At present, it has been launching various types of voluntary retirement schemes. They are as follows.
Various Schemes of Citizen Investment Trust – Nagarik Lagani Kosh Nepal
- Citizen Unit Scheme
- Employees Saving Growth Retirement Scheme
- Investor’s Account Scheme
- Pension / Gratuity Fund Scheme
- Employee Saving Growth Retirement Fund Scheme
- Insurance Fund Program
- Fund for insurance (Nepal Army)
- Insurance Fund (Nepal Police)
- Gratuity Fund Scheme
On top of this, CIT provides yearly profit to its depositors. The regular saving of the employee gives a better financial result at the time of retirement.
So this type of saving helps to generate capital for the nation. In the absence of capital, development works cannot be taken forward. Hence it is doing its best for capital formation.
Contact Details of CIT – Nagarik Lagani Kosh Nepal Office
HEAD OFFICE
New Baneshwor, Kathmandu
P.O.Box: 5823
Tel: 977-1-4781673/4785319/4785325/4784298/4785321
Fax: 977-1-4785945 /4785320
Email: info@nlk.org.np
POKHARA BRANCH
Prithvi Chowk, Pokhara (ADBL Building)
Phone: 061-538031 Fax: 061-540234
BIRATNAGAR BRANCH
Roads Chowk, Biratnagar (NAC Building)
Phone: 021-472994/472997 Fax: 021-472996 LISTED STOCK EXCHANGE: Nepal Stock Exchange Ltd.
RANKING GROUP: “A”