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1000 Rupees 7-Year National Savings Certificate; Fourth Issue IV
| Issuer | Government of India |
|---|---|
| Year | 1970 |
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| Currency | Rupee (decimalized, 1957-date) |
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|---|---|
| Obverse lettering | 7-वर्षीय राष्ट्रीय बचत-पत्र 7-YEAR NATIONAL SAVINGS CERTIFICATE FOURTH ISSUE IV ISSUE 1000 एक हजार रुपये 1000 RUPEES ONE THOUSAND This certificate entitles to receive payment of Rs.1000 (RUPEES ONE THOUSAND ONLY) being the face value of this certificate on or after or at any other date after three complete years from the date of issue of this certificate at the value specified on the reverse and to receive interest on RUPEES ONE THOUSAND at the rate of 7½ per cent per annum payable annually on subject to the terms and conditions stated in Government of India, Ministry of Finance, Notification No. G.S.R. 319, dated the 28th February, 1970, as amended. POST OFFICE DATE OF ISSUE REGISTERED NO. POSTMASTER SEE REVERSE INDIA SECURITY PRESS, NASIK ROAD |
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| Reverse lettering | चौथा निर्गम 7-वर्षीय राष्ट्रीय बचत-पत्र 7-YEAR NATIONAL SAVINGS CERTIFICATE FOURTH ISSUE 1000 The amount of the certificate is repayable at any time after the expiry of three years from the date of issue of the certificate at the rates set out below: प्रत्येक 1000 रुपये की राशि के लिए चुकाये जाने वाली रकम Amount repayable for every Rs.1000 If the certificate is encashed after 3 years but before the expiry of 5 years. रुपये Rs. 980.00 After 7 complete years Rs. 1000.00 Amount of Interest Date of payment Initials of Postmaster भुगतान की रसीद RECEIPT ON DISCHARGE. Received amount of Rs. paise (in words and figures) in cash / by purchase of fresh certificates vide application attached. Date Signature(s) or thumb impression(s) Note: The holder is advised to keep a note of the serial number and date of issue of this certificate and to notify immediately the office at which the certificate is registered, in the event of loss of the certificate. केवल सक्षम अधिकारी की अनुमति से हस्तान्तरित किया जा सकता है। TRANSFERABLE WITH THE PERMISSION OF THE COMPETENT AUTHORITY ONLY. |
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| Comments |
National Savings Certificates issued by the Government of India occupy an awkward category for collectors — they are not banknotes, not bonds in the conventional sense, but bearer instruments with a fixed redemption schedule, issued directly by the Ministry of Finance. The Fourth Issue series was part of a sustained post-Independence effort to mobilize domestic savings and reduce dependence on external borrowing, particularly during a period when foreign exchange reserves were under consistent pressure through the late 1960s.
The seven-year maturity term was a deliberate policy choice, calibrated to encourage long-term retention rather than speculative trading. India Security Press at Nasik Road, which also produced postage stamps and currency notes, handled printing — the same facility that had been producing security documents since the 1920s under British administration.