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100 Rupees Twelve Year National Defence Certificate
| Issuer | Government of India, Ministry of Finance, Department of Economic Affairs |
|---|---|
| Year | 1962 |
| Type | Log in to see details |
| Value | 100 Rupees (100 INR) |
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| Obverse description | Green-tinted certificate on cream paper with guilloche border, denomination 100 RUPEES in large numerals at left and right. The Ashoka Pillar emblem flanks the central text block, with bilingual title in Hindi and English along the top. Printed by India Security Press, Nasik Road. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | RECEIPT ON DISCHARGE. 12 Year certificate Amount to be invested If payment is claimed after one complete year from date of issue Rs. nP 100 - 00 " 2 " years .... 104 - 00 " 3 " .... 109 - 00 " 4 " .... 114 - 00 " 5 " .... 120 - 00 " 6 " .... 126 - 00 " 7 " .... 133 - 00 " 8 " .... 140 - 00 " 9 " .... 148 - 00 " 10 " .... 156 - 00 " 11 " .... 165 - 00 " 12 " .... 175 - 00 (NOT ENCASHABLE TILL THE END OF 12 MONTHS) Received payment of Rs. __ naye Paise __ (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 GOVT. OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS NOTIFICATION No. G. S. R. 1458. DATED THE 1st NOVEMBER 1962. |
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| Comments |
India's National Defence Certificates were war bonds issued in paper certificate form rather than as conventional currency — this 100 Rupees example dates to 1962, the year of the Sino-Indian War, when the government urgently needed public capital to fund military expenditure following the October Chinese advance into NEFA and Ladakh. The twelve-year maturity term was deliberate: long enough to defer redemption pressure while the defence budget remained strained.
Production at the India Security Press in Nasik Road — the same facility handling the Republic's banknote output — meant these certificates shared security printing standards with circulating paper money, including watermarked stock.