Postal Stamp Image : GLOBE AND MONEY BOX 0643 Indian Post
Stamp Issue Date : 31/10/1971
Postage Stamp Dinomination : 0.20
Postal Stamp Serial Number : 0643
Postal Stamp Name : GLOBE AND MONEY BOX
Stamp Information : 31st of October every year is observed in many countries as the World Thrift Day. On this day, savings institutions and workers revive their faith in the ideal of thrift as a step to human happiness. The origin of this innovation goes to the year 1924. In that year, the International Savings Bank Congress held in Mian, proclaimed the last day of the meet, 31st October to be observed as World Thrift Day. The resolution, among other things, emphasised the practice and propaganda of saving, and that 31st October would be specially devoted to the promotion of thrift from an International standpoint. The significance of the World Thrift day is that it provides a unique opportunity to strengthen the ties with the public. It is a day on which the savings banks stand in full light of pulicity, when young and old hurry, to the savings banks in oreder to take part in the festivities. World Thrift Day provides an opportunity to impress on the entire saving bank staff the importance of the atsk of rendering sevice to the public. In India, the National Savings Organisation has been closely associated with the activities of the World Thrift Day. The annual National Savings Fortnight is inaugurated on that day. The foundations for the first savings institution in India were held in the year 1833 when the Presidency Bank of Calcutta was established to provide for "the investment of the savings of all classes - British and native". Later, the Presidency Bnaks at Madras and Bombay started accepting savings deposites in 1834 and 1835, rspectively. In the 1860's the question of extension of the scheme to the whole of India was considered, modelling on the Postal Savings Banks, which worked with "great Success" in England. Thus, the Post Office Savings Bank came into being in 1881 with the primary object of providing facielity of investment of the savings to the common man thereby encouraging the habit of thrift. However, there was no organised savings movement as such in existence in India to work for the mobilisation of savings os the people till the Second World War. In October, 1943, the Government of India set up the National Savings Central Bureau in Simla with a small staff primarly to promote thrift, to counteract the inflationary trends coaused in the economy during the Second World War and to collect funds to finance the war efforts. With the encouraging results achieved by the Bureau with the co-operation of the Provincial Governments in the steady mobilisation of resources in the country, the Government of India reorganised the savings movement in May, 1948, in order to sustain and develop publicinterest in the movement. A full fledged national savings organisation now functions in the country with the Savings is a virtue and a discipline for every citizen. savings and investment in approved small saving schemes help not only the sver but also the country which has to find resources for the various nation-building schemes to achieve a sustained rate of growth of the national income and to fight the inflationary trends. The Posts and Telegraphs Department plays an important role in promoting habits of thrift and feel privileged to be associated with the world wide celebrations of the World Thrift Day by bringing out this special commemorative stamp.
Philatelic Stamp Description : DESCRIPTION OF DESIGN The design of the stamp is horizontal and depicts a picture of the Globe and a saving box in the middle with two hands each holding a coin.
Stamp Currency : P
Stamp Language : English
Stamp Overall Size : 4.06 x 2.2
Postal Stamp Print Size : 3.80 X 2.0 cms.
Number of Stamps Per Sheet : 50
Stamp Perforations : 14 x 14,1/
Postal Stamp Shape : Diagonal
Postage Stamp Paper : Unwatermarked adhesive stamp paper
Indian Stamp Process : Photogravure
Number of stamps printed : 30,00,000
Stamp Printed At : India Security Press
Indian Stamp's Color : Blue Grey
Browse By
    Issue Date
    Print Size
Alphabetical List