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5000 Rupees Post Office National Savings Certificate
| Issuer | Government of India - Post Office National Savings |
|---|---|
| Year | 1944 |
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| Value | Log in to see details |
| Currency | Rupee (1770-1947) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | POST OFFICE NATIONAL SAVINGS CERTIFICATE *NOT TRANSFERABLE except with the permission of the Head Postmaster. 5000 RUPEES FIVE THOUSAND NS/ 5000 RUPEES FIVE THOUSAND This is to certify that XXXXXXXXXX is registered at the XXXXXXXXX Post Office as the holder of a Post Office 12 Year National Savings Certificate, issued in accordance with the terms of the Notification number printed on reverse, and subject to the Application and Declaration of the Purchaser which shall be the basis of this Contract. The Government of India undertake to pay him, on presentation of this Certificate at the aforesaid Post Office on or after the XXXXXXXXX or at any earlier date after the expiry of three years the sum not exceeding Rs. 7500/- specified on the reverse of this Certificate as due on such date. Post Office XXXXXXXX Date of Issue Register No. POST-OFFICE Postmaster. |
| Reverse description | Log in to see details |
| Reverse lettering | 1944 ISSUE RECEIPT ON DISCHARGE. Amount to be invested Rs. 5000-0-0 If payment is claimed after 3 complete years .. 5250-0-0 .. 5500-0-0 .. 5750-0-0 .. 6000-0-0 .. 6250-0-0 .. 6500-0-0 .. 6750-0-0 .. 7000-0-0 .. 7250-0-0 .. 7500-0-0 (NOT ENCASHABLE TILL END OF THIRD YEAR) Received payment of Rs. (in words and figures) p. after complete years Signature(s) or thumb impression(s) of holder(s). Date The holder(s) 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. THIS CERTIFICATE IS ISSUED IN ACCORDANCE WITH THE TERMS OF NOTIFICATION NO. D 7609 - PT/44 DATED THE 23RD NOVEMBER 1944 |
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| Comments |
Post Office National Savings Certificates were a wartime mobilization instrument — the Government of India aggressively promoted small savings schemes from the early 1940s to absorb liquidity and reduce inflationary pressure caused by military expenditure across the subcontinent. A 5,000 Rupee denomination, however, sits at the opposite end of the retail savings market. This was not a scheme for the village schoolteacher.
The 1944 date places this squarely in the final stretch of war financing, when the Government of India's fiscal position was under sustained pressure from London's demands on Indian resources — a source of serious political friction with the interim nationalist leadership.