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| Issuer | Government of India, Ministry of Finance |
|---|---|
| Year | 1957 |
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| Value | Log in to see details |
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| Shape | Rectangular |
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| Reverse description | Violet letterpress reverse with the same guilloche border frame and Ashoka Lion Capital emblems flanking a structured redemption table. The left panel lists annual encashment values from year 1 through year 12 against the Rs. 1000 principal, under the heading RECEIPT ON DISCHARGE, with the printed note NOT ENCASHABLE TILL END OF 12 MONTHS at the foot. |
| Reverse lettering | RECEIPT ON DISCHARGE. 12 Year certificate Rs. nP Amount to be invested 1000 - 00 If payment is claimed after one complete year from date of issue 1 year 1000 - 00 2 years 1040 - 00 3 " " 1070 - 00 4 " " 1110 - 00 5 " " 1150 - 00 6 " " 1215 - 00 7 " " 1270 - 00 8 " " 1330 - 00 9 " " 1480 - 00 10 " " 1480 - 00 11 " " 1560 - 00 12 " " 1650 - 00 ( NOT ENCASHABLE TILL END OF 12 MONTHS ) Received payment of Rs. in words and figures Signature(s) or thumb impression(s) of holder(s). Date Note: The holder(s) are recommended to keep a note of the serial No and date of issue of this certificate and to notify immediately the post office in which the certificate is registered, in the event of the certificate being lost. ISSUED UNDER THE TERMS OF THE MINISTRY OF FINANCE NOTIFICATION No. F.2 (15)-5/NS/57 DATED 23rd MAY 1957 |
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| Comments |
India's National Plan Savings Certificates were instruments of deliberate capital mobilization, designed to channel private savings directly into Five-Year Plan expenditure. A twelve-year maturity was unusually long by contemporary standards — the government was essentially asking the public to lock money away through two complete planning cycles, a significant commitment in a country where inflation anxieties ran high and institutional trust was still being established after Partition.
These certificates circulated outside the normal Reserve Bank note-issuing framework, issued directly by the Ministry of Finance. The 1000 Rupee denomination would have placed this well beyond everyday retail savings — the target holder was a business, institution, or wealthy individual, not a wage earner.