Kathmandu: Citizen Investment Trust (CIT) will deposit Rs 12.5 billion in its two-year fixed deposit account at Banijya Bank, according to a notice issued today by the CIT.
CIT has urged submission of sealed proposals mentioning the amount sought, the rate of interest and the interest payment period within October 18.
CIT is a state owned financial institution which manages funds from different government and non government employees’ voluntary deposits.
It was established on 18th March, 1991as an autonomous body.
According to CIT, it operates and manages various types of retirement schemes / programs as well as various unit schemes and mutual fund program for both domestic and foreign investors to encourage the people for saving in order to expand fund and increase the investment opportunities along with the dynamic development of the capital market to contribute economic development of the nation.
