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100 Rupees - Specimen Travellers Cheque State Bank of India Calcutta YF Series
| Issuer | State Bank of India |
|---|---|
| Year | 1979 |
| Type | Log in to see details |
| Value | 100 Rupees 100 INR = GBP 0.78 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | WHEN COUNTER SIGNED BELOW WITH THIS SIGNATURE STATE BANK OF INDIA YF 000000 -----19---- Rs 100 STATE BANK OF INDIA, STRAND ROAD, CALCUTTA (INDIA) PAY THIS CHEQUE TO THE ORDER OF IN INDIA / IN OTHER COUNTRIES RUPEES ONE HUNDRED NEGOTIABLE AT THE CURRENT BUYING RATE FOR BANKERS' CHEQUES ON INDIA. COUNTERSIGN HERE IN PRESENCE OF PERSON CASHING SPECIMEN MANAGING DIRECTOR UNLESS OTHERWISE ENDORSED THIS DOCUMENT IS VALID AND NEGOTIABLE IN INDIA ONLY INDIA SECURITY PRESS NASIK ROAD |
| Reverse description | Reverse is unprinted, left plain on cream-white paper stock with no design, lettering, or security features applied. |
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| Comments |
The State Bank of India's travellers cheque program expanded significantly in the late 1970s as India's foreign exchange controls under FERA — the Foreign Exchange Regulation Act of 1973 — created strong institutional demand for a rupee-denominated instrument that could be issued domestically and encashed across SBI's branch network without touching foreign currency quotas. These cheques were not negotiable abroad and were never intended to be; they circulated as a domestic travel instrument for Indians moving between cities and states.
The India Security Press at Nasik Road produced both currency and security documents for the Indian government, and specimen cheques from this period were typically perforated or overprinted to prevent fraudulent activation. Whether this example carries such a cancellation should be verified against the physical piece before attribution to a specific issue batch.