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1000 Rupees Post Office 7 Year National Savings Certificate
| Issuer | Government of India |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | 1000 Rupees |
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| Obverse description | Olive-green letterpress certificate with ornate guilloche border. The Ashoka Lion Capital emblem appears at top centre flanked by the title inscription. Denomination '1000' appears at both left and right margins with 'ONE THOUSAND RUPEES' in letterpress text, flanked by decorative pillar vignettes. Certificate body contains printed contract text with manuscript completion fields for the registered holder, post office, date of issue, and postmaster signature. |
|---|---|
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| Reverse description | Olive-green letterpress reverse headed '1948 ISSUE' at upper left and 'RECEIPT ON DISCHARGE' at upper centre. The Ashoka Lion Capital pillar vignettes flank both sides. A tabulated schedule lists the redemption values payable after one through seven complete years, from Rs. 1000-0 to Rs. 1250-0. The right half contains a discharge receipt panel with manuscript completion fields for amount, date, and holder signature, together with a printed advisory note regarding certificate loss. |
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| Comments |
National Savings Certificates in independent India were not issued by the Reserve Bank and do not function as currency — they are instruments of public debt, entitling the bearer to repayment with interest after a fixed term. This 1948 example, denominated at 1000 Rupees with a seven-year maturity, was issued within months of Partition, when the new government urgently needed to absorb domestic savings and stabilize public finances without drawing on foreign exchange reserves.
The printing attribution to India is consistent with the Security Printing Press at Nasik, which inherited much of the British-era production infrastructure after 1947.