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100 Rupees National Savings Certificate; First Issue
| Issuer | Government of India |
|---|---|
| Year | 1965 |
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| Shape | Rectangular |
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| Reverse description | Pink-tinted reverse headed RECEIPT ON DISCHARGE in English and राष्ट्रीय बचत-पत्र in Hindi, within a matching guilloche frame. The left half carries a printed encashment value table listing accrued amounts from year 2 through year 10, with the note NOT ENCASHABLE TILL THE EXPIRY OF TWENTYFOUR MONTHS at the foot. The right half provides ruled fields for the holder's signature or thumb impression and acknowledgement of payment received. |
| Reverse lettering | भुगतान की रसीद RECEIPT ON DISCHARGE राष्ट्रीय बचत-पत्र NATIONAL SAVINGS CERTIFICATE रु. पै. Rs. P. लगायी जाने वाली रकम 100 00 Amount to be invested. यदि जारी होने की तारीख से पूरे दो वर्ष बाद भुगतान की मांग की जाय 108 50 If payment is claimed after two complete years from date of issue. 3 वर्ष बाद 113 50 After 3 Years 4 " " 119 00 " 4 " 5 " " 126 00 " 5 " 6 " " 135 00 " 6 " 7 " " 145 00 " 7 " 8 " " 156 00 " 8 " 9 " " 168 00 " 9 " 10 " " 180 00 " 10 " चौबीस महीने पूरे होने से पहले भुनाया नहीं जा सकता NOT ENCASHABLE TILL THE EXPIRY OF TWENTYFOUR MONTHS Received payment of Rs. Paise (in words and figures) प्राप्त हुए। (शब्दों में और अंकों में) बचत-पत्रधारी (धारियों) के हस्ताक्षर या अंगूठे का निशान Signature(s) or thumb impression(s) of holder(s) तारीख Date |
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| Comments |
National Savings Certificates occupy an odd corner of Indian monetary history — technically securities rather than currency, yet printed on banknote-grade paper at Nashik and handled by the same infrastructure that produced Reserve Bank notes. The 1965 first issue of the 100 Rupee denomination came during a period of acute fiscal pressure following the 1962 Sino-Indian war and ahead of the 1965 Indo-Pakistani conflict, when the government was actively pushing small-saver mobilization schemes to fund defense expenditure without stoking inflation.
The India Security Press at Nashik had been producing such instruments since the early 1950s, gradually absorbing work previously contracted abroad. By 1965 it was handling the full range of savings certificates domestically.