Citizen Investment Trust

What Citizen Investment Trust does

Citizen Investment Trust (Nagarik Lagani Kosh, CIT) is a statutory public financial institution wholly owned by the Government of Nepal, established on March 18, 1991 under the Citizen Investment Trust Act, 2047. It operates as a national retirement, pension, and insurance fund manager, administering contributory savings schemes for Nepalese civil servants, government teachers, Nepal Police, Nepal Army, Armed Police Force, NARC staff, and the general public. Its core product portfolio spans the Employee Savings Growth Retirement Fund (KBB), Gratuity and Pension Fund, Investor's Retirement Fund Scheme, Citizen Unit Scheme (CUS), Citizen Pension Scheme (CPS), Government Employee Term Life Insurance Fund, NARC Insurance, and a Capital Market Service, supplemented by vehicle, home, education, and easy loans carrying interest rates between 4.25% and 7.25%.

The institution runs a hybrid delivery model combining a central headquarters in New Baneshwor, Kathmandu, with six regional branches in Pokhara, Biratnagar, Butwal, Dhangadhi, Surkhet, and Janakpur — providing physical coverage of all seven provinces. Digital services are delivered through the eService online portal (eservice.nlk.org.np), the CIT mobile application, and a biometric KYC update process, with payment processing routed through connectIPS. Technical infrastructure is conventional web and mobile application stack with no disclosed AI/ML capabilities or proprietary data assets.

CIT's revenue mechanics are derived from spread between investment returns and interest credited to participants, loan interest income, and management fees on the NPR 330.6 billion total balance sheet (as of Chaitra end 2082 B.S.). Customer acquisition is driven primarily by government payroll integration for mandatory civil servant and security force contributions, supplemented by direct enrollment of individual investors and corporate depositors in the Citizen Unit Scheme. The organization operates under the regulatory oversight of Nepal Rastra Bank, the Securities Board of Nepal, and the Ministry of Finance, and has no external shareholders, venture capital, or private equity exposure.

Name

Citizen Investment Trust

Legal name

Citizen Investment Trust

Website

https://nlk.org.np

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Citizen Investment Trust is a Nepalese statutory, government-owned financial institution that manages retirement, pension, gratuity, insurance, and loan schemes for civil servants, security forces, teachers, and general citizens across all seven provinces of Nepal.

Ownership category

akta.pro rank

Product category

Public Pension and Retirement Fund Management

NAICS

Pension Funds (525110), Insurance and Employee Benefit Funds (5251), Trust, Fiduciary, and Custody Activities (523991), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Life Insurance (6311)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK), Public Asset & Investment Management (BPAIAEAG)

Keywords

• Pension fund management
• Retirement savings schemes
• Government employee insurance
• Gratuity fund administration
• Collateral loan services

Headquarters

HQ city

New Baneshwor, Kathmandu

HQ country

Nepal

HQ region

Asia

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Pension and Retirement Fund Management: CIT manages various pension and retirement fund schemes (Employee Savings Growth Retirement Fund, Citizen Pension Scheme, Investor Retirement Fund, Gratuity and Pension) and earns management/administration fees on contributions and reserves held.
2. Citizen Unit Scheme: Individual and corporate deposits placed under the Citizen Unit Scheme, generating interest spread income and administrative returns for the trust.
3. Loan and Credit Facilities: CIT provides vehicle loans, home loans, and easy loans to participants at stated interest rates, generating interest income on its lending portfolio.
4. Government Employee Term Life Insurance Fund: Manages life insurance funds for government employees, civil servants, teachers, Nepal Police, Nepal Army, Armed Police, and NARC staff, earning insurance management income.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Citizen Investment Trust manages and administers a portfolio of statutory retirement, pension, insurance, and social security funds for Nepali citizens and government employees, including the Employee Savings Growth Retirement Fund, Gratuity and Pension Fund, Citizen Unit Scheme, Citizen Pension Scheme, and multiple government employee insurance funds. It complements these savings and insurance products with collateral-backed lending facilities (home, vehicle, easy, and education loans) and capital market participation services. Distribution is delivered through seven physical branches across all provinces of Nepal, the eService online portal, the CIT mobile application, and government employer payroll channels.

Product overview

Citizen Investment Trust operates as a unified financial services platform offering a comprehensive suite of retirement, pension, insurance, and loan products. The core portfolio includes employee retirement fund schemes (KBB), gratuity and pension plans, investor retirement accounts, Citizen Unit Scheme (CUS) for unit-based investments, and Citizen Pension Scheme (CPS). Insurance offerings cover government employees (civil service, teachers, Nepal Army, Nepal Police, Armed Police), NARC staff, and term life insurance. The loan portfolio includes home loans, vehicle loans, and easy loans. Additional services include capital market investment facilitation, all accessible through the CIT eService portal and CIT Mobile App.

Differentiator

Problem solved

Functional benefit

Brands

• Nagarik Pension Scheme: Citizen Pension Scheme - a pension program for citizens
• Nagarik Unit Scheme
• Employee Savings Retirement Fund
• Gratuity and Pension Fund
• Investor's Account Scheme

Products and services

• Employee Savings Growth Retirement Fund (KBB) - कर्मचारी बचतबृद्धि स्वीकृत अवकाश कोष
• Gratuity and Pension Fund - उपदान तथा पेन्सन कोष योजना
• Investor's Retirement Fund Scheme - लगानीकर्ता अवकाश कोष योजना
• Citizen Unit Scheme (CUS) - नागरिक एकांक योजना
• Citizen Pension Scheme (CPS) - नागरिक पेन्सन योजना
• Government Employee Term Life Insurance Fund - राष्ट्रसेवक कर्मचारीको सावधिक जीवन बीमा कोष
• NARC Insurance - नार्क बीमा
• Capital Market Service - पूँजीबजार सेवा
• Vehicle Loan - सवारी कर्जा
• Home Loan - आवास कर्जा
• Easy Loan - सरल कर्जा

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Nepal Rastra Bank (NRB)coreOthersRegulatory oversight body for Nepal's banking and financial sector. CIT operates under the regulatory framework established by Nepal Rastra Bank for financial institutions in Nepal.
• Securities Board of Nepal (SEBON)coreOthersCapital markets regulator for Nepal. CIT participates in the capital market as part of its investment mandate and operates under SEBON regulations.
• Ministry of Finance, NepalcoreOthersParent ministry overseeing CIT as a government-owned statutory body. The ministry provides policy direction and governance oversight for CIT's operations.
• Nepal Stock Exchange (NEPSE)coreTechnology or IntegrationCIT invests in the Nepalese capital market through NEPSE, contributing to market liquidity and dynamism as one of its core objectives. CIT's investment activities are facilitated through this exchange.
• Agricultural Development Bank Limited (ADBL)minorOthersThe Pokhara branch of CIT operates within the ADBL building, indicating a co-location arrangement.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Social Security Fund (Nepal): Nepal's other statutory social security provider offering retirement and social security benefits to formal-sector workers. Directly competes with CIT's Citizen Pension Scheme for citizen and corporate participants, operating under similar government-ownership dynamics in the same domestic market.
• National Pension System Trust (India): India's PFRDA-administered citizen/employee pension scheme with defined-contribution architecture, individual pension accounts, and point-of-presence distribution. Mirrors CIT's Citizen Pension Scheme and Investor Retirement Fund model of voluntary, individual pension accumulation plus retirement income.
• Employees' Provident Fund Organisation (EPFO) India: India's statutory provident and pension fund for organized-sector employees, collecting contributions via payroll deduction and paying retirement/insurance benefits. Closest international analogue to CIT's Employee Savings Growth Retirement Fund and gratuity business, despite the larger scale.
• Employees Provident Fund (EPF) Malaysia: Malaysia's statutory Employees Provident Fund, a mandatory retirement savings scheme with related investment and housing withdrawal features. Comparable to CIT's mandated retirement fund plus 90% loan-against-balance facility and government-employee targeting.
• Government Employees Pension Fund (GEPF) South Africa: South Africa's statutory pension fund for civil servants, managing defined-benefit retirement, gratuity, and related insurance. Closely analogous to CIT's Employee Savings Growth Retirement Fund and Gratuity and Pension Fund in terms of population served and product structure.
• Rastriya Beema Sansthan (Nepal): Nepal's state-owned life insurance company selling group and individual life insurance plus pension products. Overlaps directly with CIT's Government Employee Term Life Insurance Fund and NARC Insurance offerings in the same regulatory and customer ecosystem.

Others

• Agricultural Development Bank Limited (ADBL) Nepal: State-owned development bank of Nepal with retail deposit-taking, agricultural lending, and capital market activity; ADBL Building in Pokhara houses CIT's local branch. Adjacent Nepali state financial institution rather than a direct competitor, but a key partner in CIT's branch distribution.

Broad incumbents

• Government Pension Fund of Norway (GPFN / NBIM): Sovereign wealth/pension fund managing Norway's oil-revenue retirement assets against long-duration liabilities. Functionally parallel to CIT's investment of ~NPR 311.5 billion in capital markets against long-dated pension/insurance obligations.
• Life Insurance Corporation of India (LIC): India's largest state-owned life insurer with substantial group pension, superannuation, and gratuity products sold to government employers. Directly comparable to CIT's government employee life insurance and pension business, though LIC operates a much larger distribution network.
• Central Provident Fund Board (Singapore): Singapore's mandatory provident/savings scheme for working citizens and PRs, covering retirement, housing, and healthcare. Analogous in structure to CIT's combined retirement/life insurance/home loan platform, but operating at far greater scale and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nlk_org_np
• LinkedInlinkedin.com/company/citnlk

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Citizen Investment Trust