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| 背面描述 | Red-on-white reverse with matching guilloche border, headed by the bilingual certificate title and 'FOURTH ISSUE' inscription. A repayment schedule table in Hindi and English lists encashment values at various intervals, with ruled columns for interest amount, date of payment, and postmaster initials at upper right. A bilingual receipt-on-discharge panel occupies the lower half, with Chinsura Money Orders cancellation stamps. |
| 背面铭文 | चौथा निर्गम 7-वर्षीय राष्ट्रीय बचत-पत्र 7-YEAR NATIONAL SAVINGS CERTIFICATE FOURTH ISSUE 500 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. 500 If the certificate is encashed after 3 years but before the expiry of 4 years Rs. 490.00 After 7 years Rs. 500.00 Amount of Interest / Date of payment / Initials of Postmaster भुगतान की रसीद RECEIPT ON DISCHARGE Received amount of Rs. [amount] paise [amount] (in words and figures) in cash / by purchase of fresh certificates vide application attached. Date Signature(s) or thumb impression(s) 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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National Savings Certificates were not currency — they were debt instruments issued by the Government of India through the Post Office network, designed to mobilize small savings from households at fixed returns over a defined term. The Fourth Issue IV in this denomination dates from a period when the Indian government was under significant pressure to fund public expenditure without inflating the money supply directly, making these certificates a fiscal tool as much as a savings product.
India Security Press at Nasik Road had been producing these instruments since well before Independence. The seven-year lock-in on this series reflected post-1971 economic priorities following the Bangladesh war and the strain it placed on public finances.