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1000 Rupees National Savings Certificate; First Issue
| Issuer | Government of India |
|---|---|
| Year | 1965 |
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| Size | 165 x 85 mm |
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| Reverse description | Reverse printed in red on cream paper under the heading Receipt on Discharge, with bilingual Hindi and English text. The left column presents a printed redemption value table listing maturity amounts from two years through ten years against the face value of Rs. 1000. The right column provides blank fields for recording the payment amount in words and figures, with space for holder signature and a post office cancellation stamp. |
| Reverse lettering | भुगतान की रसीद RECEIPT ON DISCHARGE राष्ट्रीय बचत-पत्र NATIONAL SAVINGS CERTIFICATE रु. पै. Rs. P. लगायी जाने वाली रकम 1000 00 Amount to be invested. यदि जारी होने की तारीख से पूरे दो वर्ष बाद भुगतान की मांग की जाय 1085 00 If payment is claimed after two complete years from date of issue. 3 वर्ष बाद 1135 00 After 3 Years 4 ,, ,, 1190 00 ,, 4 ,, 5 ,, ,, 1260 00 ,, 5 ,, 6 ,, ,, 1350 00 ,, 6 ,, 7 ,, ,, 1450 00 ,, 7 ,, 8 ,, ,, 1560 00 ,, 8 ,, 9 ,, ,, 1680 00 ,, 9 ,, 10 ,, ,, 1800 00 ,, 10 ,, सौबीस महीने पूरे होने से पहले भुनाया नहीं जा सकता NOT ENCASHABLE TILL THE EXPIRY OF TWENTYFOUR MONTHS Received payment of Rs. as. p. in words and figures Signature(s) or thumb impression(s) of holder(s). Date |
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| Comments |
National Savings Certificates occupy an awkward taxonomic position — they are not banknotes and not bonds in the conventional sense, but bearer instruments issued directly by the Indian central government to mobilize domestic savings, particularly from small depositors and rural households. The 1965 first issue came during a period of acute fiscal pressure: the Second Five-Year Plan had strained public finances, and the 1962 Sino-Indian war had left defense expenditure far above projection.
India Security Press at Nasik, established in 1928 to reduce colonial-era dependence on British security printers, handled the full production run. At ₹1000 face value, this certificate was pitched well above the reach of the small saver the scheme nominally targeted.