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500 - Rupees Specimen Travellers Cheque SYNDICATE BANK
| Issuer | Syndicate Bank |
|---|---|
| Year | |
| Type | Log in to see details |
| Value | 500 Rupees 500 INR = EUR 4.51 |
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| Composition | Log in to see details |
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| Obverse description | Red-tinted travellers cheque issued by Syndicate Bank, with the bank's name and denomination of Rupees Five Hundred in letterpress. Fields for date, payee, and countersignature are printed in a structured layout. SPECIMEN overprint applied diagonally across the face; issued from Head Office, Manipal, Karnataka. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Reverse is plain, printed on cream/off-white paper with a faint residual pink tint at the left edge from the obverse underprint showing through. No text, vignette, or other printed elements are present. |
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| Comments |
Syndicate Bank was one of the original thirteen Indian commercial banks nationalized by Indira Gandhi's government on 19 July 1969 — the so-called "bank nationalization midnight" that transformed the country's financial architecture overnight. Before nationalization, the bank had operated out of Manipal, Karnataka since 1925 under the name Canara Industrial and Banking Syndicate. The travellers cheque format was a natural product extension for a nationalized bank pushing retail banking into underserved regions.
Syndicate Bank was eventually amalgamated into Canara Bank effective 1 April 2020, ending its independent existence after nearly a century.