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500 Rupees Ten Year National Plan Certificate
| Issuer | Government of India (Post Office) |
|---|---|
| Year | 1954 |
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| Currency | Rupee (1950-1957) |
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|---|---|
| Obverse lettering | 500 RUPEES FIVE HUNDRED 10NP/ B 328184 500 RUPEES FIVE HUNDRED TEN YEAR NATIONAL PLAN CERTIFICATE NOT TRANSFERABLE EXCEPT WITH THE PERMISSION OF THE COMPETENT POSTAL AUTHORITY FREE OF INDIAN INCOME TAX. This is to certify that XXXXXXXXXX is registered at the XXXXXXXXX Post Office as the holder of a Post Office 10 Year National Plan Certificate, issued in accordance with terms of the Notification specified on the 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 RS. or at any earlier date after the expiry of twelve months the sum not exceeding Rs. specified on the reverse of this Certificate as due on such date. Post Office XXXXXXXX Date of Issue Register No. POST-OFFICE Postmaster. |
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| Reverse lettering | RECEIPT ON DISCHARGE. 10 Year certificate Amount to be invested Rs. 500-0-0 If payment is claimed after one complete year .. 505-0-0 2 years .. 515-0-0 3 .. 525-0-0 4 .. 545-0-0 5 .. 570-0-0 6 .. 600-0-0 7 .. 630-0-0 8 .. 660-0-0 9 .. 690-0-0 10 .. 725-0-0 (NOT ENCASHABLE TILL END OF 12 MONTHS) Received payment of Rs. as. p. (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. D-5471-B II/54 DATED THE 1st MAY 1954 AS AMENDED BY NOTIFICATION No. 7 (24)-B/54, DATED THE 13th OCTOBER 1954. |
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| Comments |
India's Ten Year National Plan certificates were savings instruments tied directly to Nehru's first Five-Year Plan expansion — the "Ten Year" designation reflects a maturity period, not a separate planning program. Issued through post offices rather than the Reserve Bank, these certificates sat outside the conventional banking framework by design, intended to draw household savings from rural populations with limited bank access.
The Post Office channel was administratively deliberate: it gave the central government a distribution network of roughly 25,000 outlets at a time when commercial bank branches were concentrated almost entirely in cities.