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5000 Rupees 7-Year National Savings Certificate; Fourth Issue
| Issuer | Government of India, Ministry of Finance |
|---|---|
| Year | 1970 |
| Type | Log in to see details |
| Value | 5000 Rupees (5000 INR) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | संयुक्त बचत-पत्र, श्रेणी-ख JOINT B TYPE CERTIFICATE इस पर आयकर लगेगा SUBJECT TO INCOME TAX चौथा निर्गम 7-वर्षीय राष्ट्रीय बचत-पत्र 7-YEAR NATIONAL SAVINGS CERTIFICATE FOURTH ISSUE 5000 पांच हजार रुपये 5000 RUPEES FIVE THOUSAND This certificate entitles either XXXXXXXXXX or XXXXXXXXXX or the survivor of them, or the legal representative(s) of the survivor in the case of death of both of them, to receive payment of Rs.5000 (RUPEES FIVE THOUSAND ONLY) being the face value of this certificate on or after XXXXXXXXX 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 FIVE THOUSAND at the rate of 7½ per cent per annum payable annually on XXXXXXXXXX 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. POST OFFICE XXXXXXXX DATE OF ISSUE REGISTERED NO. POSTMASTER INDIA SECURITY PRESS, NASIK ROAD |
| Reverse description | Log in to see details |
| Reverse lettering | चौथा निर्गम 7-वर्षीय राष्ट्रीय बचत-पत्र 7-YEAR NATIONAL SAVINGS CERTIFICATE FOURTH ISSUE 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. Amount repayable for every Rs. 5000 If the certificate is encashed after 3 years but before the expiry of 5 years. Rs. 4800.00 -do- 5-7 years Rs. 4850.00 After 7 complete years Rs. 5000.00 Amount of Interest | Date of payment | Initials of Postmaster RECEIPT ON DISCHARGE. Received amount of Rs. __________ Paise __________ (in words and figures) in cash/by purchase of fresh certificates vide application attached. Signature(s) or thumb impression(s) Date 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 हस्तांतरित किया जा सकता है। TRANSFERABLE WITH THE PERMISSION OF THE COMPETENT AUTHORITY ONLY. |
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| Comments |
The National Savings Certificate programme was one of the Indian government's primary tools for mobilising domestic capital in the post-Independence decades, drawing small savers into long-term instruments that funded infrastructure and public expenditure. The 7-Year maturity term was a deliberate policy choice — longer than the competing Post Office schemes — and the Fourth Issue reflects the scheme's expansion during the late 1960s, a period when India was managing severe fiscal pressure following the 1965 war with Pakistan and the subsequent devaluations of the rupee.
India Security Press at Nasik Road, established in 1925 and expanded significantly after Independence, handled the full production of this series domestically — no outsourced printing.