Nagarik Lagani Kosh

Nagarik Lagani Kosh (Citizen Investment Trust - CIT) (नागरिक लगानी कोष) was founded in 1991 (2047 BS) and has been operating activities since January 15, 1992. The head office of CIT is located in Newbaneshor, Kathmandu, and branch offices at Biratnagar and Pokhara.

It is an autonomous body to manages and operates various types of Government Employee Retirement Schemes or programs and other schemes.

Nagarik Lagani Kosh (NLK) also contributes to both financial and foreign investors to the domestic and foreign investors, to help people to save their money and investment opportunities, along with the development of the capital market, to support the economic development of the nation.

CIT has been introducing various types of voluntary retirement schemes such as Gratuity funds and pension funds and mandatory insurance fund programs on individual accounts and fully funded.

Quick Highlights

Milestones of CIT

1. Completion of two decades of operation amidst challenging years in Nepal's dynamic capital market.

2. Launching of various voluntary retirement schemes (such as Pension funds and gratuity funds) and mandatory insurance fund programs based on fully funded and individual accounts.

3. Encouraging long-term savings by operating the Employee Savings Growth Retirement Fund (ESGRF) and insurance funds for various institutions' employees, including civil servants, teachers, and members of the military and police forces.

4. Helping depositors expand funds and increase investment opportunities with the development of the capital market.

5. Establishment of the head office in New Baneshwor, Kathmandu, and branch offices in Pokhara, Biratnagar, Butwal, and Attariya.

Vision

CIT aims to establish itself as a premier institution in the field of capital markets by operating social welfare savings and mutual fund programs, ensuring effective investment management of collected funds, and contributing towards the prosperity of the nation.

Mission

CIT's mission is to achieve its vision through cooperation and partnership, innovative management systems, research and development, optimum mobilization of means and resources, modern information technology, effective client services, and expansion of savings and mutual fund programs based on mutual respect, good governance, and healthy competition while providing investment management and capital market services.

Goals

CIT has set the following goals:

1. Saving Program: To increase the fund through savings and mutual fund programs.

2. Investment Management: To diversify the investment portfolio in secured sectors guaranteeing a return on the basis of risk analysis.

3. Capital Market Service: To accelerate the growth and development of the capital market.

Objectives

CIT aims to achieve the following objectives to fulfill its goals:

Saving Program

- To attract Nepalese citizens residing in the country and abroad to the programs offered by the Citizens Investment Trust.

- To operate additional programs related to social security.

Investment Management

- To invest in prioritized sectors such as hydropower, infrastructure development, productive sector, tourism and export promotion, and capital market instruments.

- To invest CIT's funds in sectors with minimum risks.

Capital Market Service

- To play the role of market maker and sales and issue manager.

- To make capital market instruments more effective.

Services

1. Saving Mobilization: The CIT operates various retirement schemes such as Pension Funds, Gratuity Funds, Insurance Funds for Government Employees, Teachers, Nepal Army, Nepal Police, Armed Police Force, and Employee Saving Growth Retirement Funds. It also operates unit and mutual fund schemes for domestic and foreign investors and an Investor’s Account scheme.

2. Investment/Financing: The CIT invests in corporate shares, debentures, and government securities. It also provides term loans and bridge finances to corporate bodies and offers credit for purchasing shares.

3. Capital Market Services: CIT offers various services such as Trustee Services, Debenture Trustee Services, Escrow Agent Services, Custodian Services, and Corporate Finance Services. It also engages in Public issue management, Underwriting and syndication of underwriting public issues, Market making of corporate and government securities, and Consultancy services.

Working Policies

1. To attract Nepali citizens residing in the country and abroad to the programs offered by CIT.

2. Investment trust services are carried out based on the management fee concept.

3. Equity investment objectives in investment activities would not merely be on the spirit of management control of the institution.

4. Investment of funds would be channelized in relevant sectors considering the nature and degree of risk pertaining to those particular funds. Priority will be given to the investor’s performance in various schemes concerning risk, return, and their desires while making investment decisions.

5. To play the role of market maker to balance the transaction of securities and to purchase and sell shares in bulk.

6. A balanced approach would be applied in the operation to meet the interest of government, shareholders, and participants.

7. The selection of project and business activities will be done only on the basis of business principles and ethics.

Citizen Investment Trust: Overview, Programs, and Investment Status

Established under the Citizen Investment Trust Act, 1990/91 (2047 BS), the Citizen Investment Trust started its operations on January 14, 1992 (1 Magh 2048 BS). The fund was established with the main objectives of encouraging the general public to save for the country’s economic development, expanding investment opportunities, operating retirement and social security programs, and creating dynamism in the capital market.

To achieve these objectives, the fund has been collecting savings under various programs from government employees, the general public, employees and workers working in different organized institutions, and organized institutions themselves. It has also been making arrangements to invest the collected savings in an efficient and professional manner.

The fund has been providing services through its central office in Kathmandu and branch offices in Pokhara, Biratnagar, Butwal, Dhangadhi, Surkhet, and Janakpur. It has also been carrying out important work for the development, expansion, and stability of the capital market. For this purpose, the fund has been engaged in the purchase and sale of shares and debentures through the secondary market and has been providing merchant banking services through investment in the securities (equity) of various institutions. It has also remained active in the share capital market through its subsidiary company, Citizen Stock Dealer.

In line with the provisions of the fund’s Act that allow it to collect savings from Nepali citizens living abroad through different savings programs, the fund has also been carrying out the necessary work to expand in this area. The fund has been making its services simple, accessible, and quality-oriented, and has been working with high priority to make them more effective.

Programs such as the Employee Savings Growth Retirement Fund, Gratuity and Pension Fund, Investor Account Scheme, Life Insurance Fund for Public Service Employees, Citizen Unit Scheme, Citizen Pension Scheme, and Nepal Agricultural Research Council Insurance Fund are currently in operation.

As the fund has been gradually increasing its competitive capacity in effective service delivery, sustainable returns, expansion of social security coverage, and savings collection, the number of participants has continued to grow. By collecting small scattered savings from across the country and mobilizing the collected amount in different sectors, the fund has been moving its services forward in an efficient manner while embracing the government’s concept.

Capital Structure

Authorized Capital: Rs 8 billion

Issued Capital: Rs 8 billion

Paid-up Capital: Rs 6.80 billion

The share ownership under the above capital structure is as follows:

1. Government of Nepal: 23.34 percent

2. National Insurance Institute: 31.55 percent

3. Nepal Stock Exchange: 10 percent

4. Other Banks and Financial Institutions: 14.11 percent

5. General Public: 20.00 percent

Share Ownership of the Fund

Government of Nepal: 23.34%

National Insurance Institute: 31.55%

Nepal Stock Exchange: 10%

Other Banks and Financial Institutions: 14.11%

General Public: 20%

On the auspicious occasion of completing its 39th year and entering its 40th year, the Citizen Investment Trust expresses sincere gratitude for the support and goodwill received from the Government of Nepal, the Ministry of Finance, other regulatory bodies, and all service recipients.

The programs operated by the Citizen Investment Trust are as follows:

Employee Savings Growth Retirement Fund

• Civil servants or employees working in government, semi-government, or non-government organized institutions established under prevailing law may participate in this program.

• Participants of the fund are entitled to a loan facility of up to 90 percent of the saved amount after one fiscal year (365 days) from the date they begin saving.

• Participants are entitled to a housing loan facility of up to Rs 10 million against land and property collateral for the construction of a private residential house, house purchase, flat purchase, floor addition, house repair, retrofitting, house decoration, and interior works. A loan facility of up to Rs 7.5 million is also available for land purchase.

• If both husband and wife are participants in the fund, housing facility of up to Rs 14 million can be obtained.

• Participants are entitled to a collateral-backed loan facility of up to Rs 2.5 million for house repair, reconstruction, refurbishment, and house decoration.

• Participants may be provided with an easy loan facility of up to Rs 5 million against land and property collateral for urgent economic, social, cultural, and family-related needs.

• Participants receive interest and additional returns on the total amount of their savings.

• If a participant dies or suffers disability due to an accident, the participant or the legal heir is entitled to disaster relief of up to Rs 200,000 as compensation.

• If a participant who has deposited the maximum amount for 6 months dies during the service period, the legal heir is paid Rs 30,000 for funeral expenses.

• Under the Income Tax Rules, 2002/03 (2059 BS, Fifth Amendment), tax exemption is available up to Rs 500,000 annually or one-third of taxable income, whichever is lower.

Investor Retirement Plan

• Under this Investor Account Scheme provided for by the Act, investment management has been carried out by collecting amounts under the headings of employee welfare fund, medical treatment expenses, insurance fund, accumulated leave, home leave, sick leave, benevolent fund, anniversary fund, and similar headings under the long-term liabilities of various government, semi-government, and non-government organized institutions.

• If participating institutions enroll employees individually, they may receive loans of up to 80 percent of the deposited amount. In addition, they may receive housing, easy, and vehicle loans similar to other participants.

• Participants in the scheme are also entitled to additional returns based on annual profit in addition to the interest earned on savings.

Gratuity and Pension Plan

• This gratuity scheme has been operated so that the gratuity amount under the long-term liability contributed by various government, semi-government, non-government bodies, and organized institutions can be paid at the time of retirement of working employees at the request of the concerned institution.

• The gratuity scheme is in operation in a way that allows deposits on either an individual or institutional basis.

• This scheme has also been designed to reduce the future burden of organized institutions that may arise at one time and to ensure the gratuity amount that employees receive after retirement.

• Under this scheme, in order to encourage participating institutions to deposit gratuity amounts, the fund invests in designated areas according to its investment policy, and the interest and other income earned are deposited either into the personal account of the employee of the concerned institution or into the institution’s account. In addition, the interest or income received each year is capitalized.

• Participants in the scheme are entitled to additional returns based on annual profit in addition to the interest earned on savings.

Life Insurance Fund for Public Service Employees

• The fund has been collecting amounts deducted from the remuneration of civil servants, teachers and staff of community schools, soldiers and staff of the Nepali Army, employees of Nepal Police, employees of Armed Police Force Nepal, and employees of the National Investigation Department for periodic life insurance in Nepal, along with an equal amount added by the government.

• From July 17, 2018 (1 Shrawan 2075 BS), the Citizen Investment Trust has been collecting insurance premiums and paying the collected insurance premium to the National Insurance Institute for the following year.

Citizen Pension Scheme

• All Nepali citizens may participate in this scheme. It also allows the participation of non-resident Nepalis and Nepali citizens working in foreign employment.

• A person may participate in the scheme by depositing a minimum monthly amount of Rs 500, and any amount divisible by 10 may be deposited according to the person’s capacity.

• In addition to attractive interest and returns on the deposited amount, other facilities are also provided.

• After a participant reaches the age of 60, a monthly pension may be received according to the rules under the pension system. A participant who does not wish to receive a pension may, after a fixed participation period, receive a lump-sum refund.

Citizen Unit Scheme

• The fund has been operating and managing this scheme in order to provide efficient investment management services to general savers and distribute greater benefits.

• Under this program, capital collected in small amounts from small and medium-level investors is promoted through efficient and professional investment management, and the return earned from it is distributed to the participants.

• Under this scheme, the sale of units issued remains open at all times, and Nepalis working in foreign employment may also participate.

Nepal Agricultural Research Council Insurance Fund

• Under this insurance fund, a prescribed amount is deducted from the monthly remuneration of employees of the Nepal Agricultural Research Council, and an equal amount is added on behalf of the Council and deposited into the fund.

• This fund has been operated to invest the deposited amount and to arrange insurance coverage for the Council’s employees from that investment.

• The fund has been providing participants with an opportunity to make their post-retirement life more secure, while also providing different kinds of social security facilities.

Fund Collection and Investment Status

From the various programs and schemes operated by the fund, by the end of Poush of the current fiscal year, the savings mobilization balance, including land, stood at Rs 294.65 billion, and the share capital stood at Rs 6.8057 billion. Likewise, with the objective of diversification through investment in different sectors, the fund had invested Rs 267.87 billion by the end of Poush of the current fiscal year.

The fund has invested 9.15 percent of its total investment in Government of Nepal securities, 48.06 percent in fixed deposits, 5.91 percent in term lending instruments, 21.74 percent in participant loans and housing loans, and 12.14 percent in shares and securities of organized institutions.

The fund has been giving priority to reducing its long-standing overconcentration in deposits and diversifying investments. Necessary legal and policy arrangements are being made for this purpose. To expand investment in infrastructure projects, necessary work is being carried out with different hydropower projects in Nepal. Participant lending is being expanded. Capital market transactions are being increased. Work is also under way to create the legal framework for investment in venture capital. Overall, the fund is currently prioritizing the expansion of investment in low-risk, government-priority physical infrastructure construction, the expansion of investment in productive sectors, the increase of participant lending, and the increase of investment in the capital market.

Contact Details

Head Office

New Baneshwor, Kathmandu, CIT Building
P.O. Box: 5823
Telephone: 01-5970201
Email: info@nlk.org.np

Pokhara Branch

Prithwi Chowk, Pokhara, ADBL Building
Telephone: 061-540234, 061-538031
Email: citpokhara@gmail.com

Biratnagar Branch

Roadsesh Chowk, Biratnagar, NAC Building
Telephone: 021-474996, 021-474997
Email: laganikosh@gmail.com

Butwal Branch

Aamda Chowk, Deepnagar, Butwal
Telephone: 071-534521, 071-533758
Email: cit_butwal@nlk.org.np

Attariya Branch

Godawari Municipality, Bankhet-01, Kailali
Telephone: 091-590325, 091-590326
Email: cit_attariyabranch@nlk.org.np

Surkhet Branch

Kalinchok, Near Airport
Telephone: 083-590494, 083-590495
Email: cit_surkhet@nlk.org.np

Last Updated: 18th March 2026

Here is the official document to read for Further information:

Disclaimer: This profile is prepared for general informational purposes only. Details such as programs, services, contact information, and financial figures may change over time. Readers are advised to verify the latest and official information directly from Nagarik Lagani Kosh / Citizen Investment Trust before making any decision.