Kathmandu, July 15
Citizen
Investment Trust (CIT) has changed the interest rate provided to its participants
It
has increased the interest rate for the Employee Saving Growth Retirement Fund
from 6.5 per cent to 8 per cent, and has fixed the interest rate of 80 per cent
special loan agreement at 9.5 per cent.
The
new rates will come into effect from July 1, Sunday.
Similarly,
the interest rate for housing and educational loans will be 10 per cent while vehicle
and simple loans will be 10.5 per cent.
Likewise,
gratuity fund and investor account schemes will draw 7.5 per cent and 9 per cent
interest for civil unit schemes.
The
CIT has decided to provide an annual interest of 7.5 per cent for all insurance
programmes.
Under
the insurance programme, the Trust has been collecting insurance fees for the
operation of the government employees including civil servants, Nepali army,
Nepal police, Armed Police Force, and community school teachers.
Published in The Rising Nepal on 16 July 2022.
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