Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
5 Rupees Post Office 5 Year National Savings Certificate
| Issuer | Government of India |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 165 x 85 mm |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | POST OFFICE 5 YEAR NATIONAL SAVINGS CERTIFICATE NOT TRANSFERABLE EXCEPT WITH THE PERMISSION OF THE COMPETENT POSTAL AUTHORITY FREE OF INDIAN INCOME TAX 5 FIVE RUPEES 5NS/ 5 FIVE RUPEES This is to certify that XXXXXXXXXX is registered at the XXXXXXXXX Post Office as the holder of the Post Office 5 Year National Savings Certificate, issued in accordance with the terms of the Notification printed at reverse, and subject to the Application and Declaration of the Purchaser which shall be the basis of this Contract. The Government of India undertake to pay him, on presentation of this Certificate at the aforesaid Post Office on or after the XXXXXXXXX or at any earlier date after the expiry of three years the sum not exceeding Rs. 5/- Certificate as due on such date. Post Office XXXXXXXX Date of Issue Register No. POST-OFFICE Postmaster. SEE REVERSE |
| Reverse description | Brown letterpress reverse with guilloche border matching the obverse. A columnar table on the left lists encashment values at one through five years, with a large Calcutta cancellation stamp across the centre. The right panel carries the receipt on discharge text, holder signature line, and the authorising notification reference at foot. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
National Savings Certificates issued by the Government of India's Post Office network occupied an unusual space — technically securities rather than currency, but printed on paper and circulated physically through post offices as instruments of public debt mobilization. The 1948 date places this squarely in the first year of independence, when the new government was urgently drawing domestic savings into state coffers to fund reconstruction and partition-related expenditure.
The five-year term was deliberate policy: long enough to keep capital off the consumer market during a period of severe inflationary pressure, short enough to remain attractive to small rural savers with limited financial literacy.