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50 Rupees Twelve Year National Defence Certificate
| Issuer | Government of India |
|---|---|
| Year | 1962 |
| Type | Log in to see details |
| Value | 50 Rupees (50 INR) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 12 वर्षीय राष्ट्रीय रक्षा पत्र TWELVE YEAR NATIONAL DEFENCE CERTIFICATE NOT TRANSFERABLE EXCEPT WITH THE PERMISSION OF THE COMPETENT POSTAL AUTHORITY 50 FIFTY RUPEES 12ND FIFTY RUPEES 50 This is to certify that XXXXXXXXXX is registered at the XXXXXXXXX Post Office as the holder of a 12-Year National Defence Certificate, issued in accordance with the terms of the Notification specified on the reverse, and subject to the Application of the Purchaser which shall be the basis of this Contract. The Government of India undertake to pay to 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 Date of Issue Register No. SEE REVERSE POST-OFFICE Postmaster. |
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| Reverse lettering | RECEIPT ON DISCHARGE. 12 Year certificate Amount to be invested Rs. nP 50 - 00 If payment is claimed after one complete year from date of issue 50 - 00 " 2 " years .. 52 - 00 " 3 " " .. 54 - 50 " 4 " " .. 57 - 00 " 5 " " .. 60 - 00 " 6 " " .. 63 - 00 " 7 " " .. 66 - 00 " 8 " " .. 70 - 00 " 9 " " .. 74 - 00 " 10 " " .. 78 - 00 " 11 " " .. 82 - 50 " 12 " " .. 87 - 50 ( 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) is/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 |
The Twelve Year National Defence Certificates were introduced in 1962 as savings instruments rather than currency — technically government bonds in note form, sold at a discount and redeemable at face value after twelve years. The timing was not coincidental: the Sino-Indian War of October–November 1962 created an urgent political need to mobilize domestic capital, and these certificates were part of that emergency fiscal response.
The India Security Press at Nasik Road had been printing currency and stamps since 1928, so the production infrastructure was already in place. What made this series unusual was its hybrid nature — treated as a security document rather than a banknote, yet physically indistinguishable from one to most holders.