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100 Rupees - Specimen Travellers Cheque - Bank of India
| Issuer | Bank of India |
|---|---|
| Year | |
| Type | Log in to see details |
| Value | 100 Rupees 100 INR = CAD 1.44 |
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| Obverse description | Light grey specimen travellers cheque on plain stock, with the Bank of India logo at left and a vignette of Express Towers, Nariman Point, Bombay at right. Denomination of 100 rupees appears in each corner, with letterpress text filling the central field. Overprinted SPECIMEN diagonally across the face. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Reverse entirely unprinted, presenting a plain cream-toned paper surface with no vignette, text, or security underprint. |
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| Comments |
Bank of India's travellers cheques occupied an unusual position in the Indian financial market — the institution was nationalised in 1969 under Indira Gandhi's bank nationalisation ordinance, which brought fourteen major commercial banks under state control, and the Bank of India travellers cheque programme subsequently operated under that government-owned umbrella rather than as a private financial product. Specimen cheques from nationalised Indian banks are scarce in collector holdings because internal distribution was tightly controlled and destruction of obsolete specimens was routine policy.
The 100-rupee denomination aligns with a mid-range travel instrument suited to domestic tourism rather than international exchange, where higher denominations dominated.