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50 Rupees - Specimen Traveller's Cheque - Bank of Baroda
| Issuer | Bank of Baroda |
|---|---|
| Year | 1982 |
| Type | Log in to see details |
| Value | 50 Rupees 50 INR = USD 0.53 |
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| Obverse description | Bank of Baroda issuer title at top, with denomination of 50 Rupees in both English and Hindi at left and right margins in green. Central text reads 'TRAVELLERS' CHEQUE FOR FIFTY RUPEES' overprinted in red with 'SPECIMEN'; directors' names appear at lower right. |
|---|---|
| Obverse lettering | TC/82B 000000 BANK of BARODA 50 / 50 TRAVELLERS' CHEQUE FOR FIFTY RUPEES SPECIMEN |
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| Comments |
Bank of Baroda entered the traveller's cheque market relatively late compared to State Bank of India, which had dominated rupee-denominated travel instruments since the 1950s. This 1982 specimen was produced for staff training and branch familiarization ahead of the product's rollout — specimen traveller's cheques were never meant to be encashed and were typically perforated or overprinted to prevent misuse, making intact examples genuinely uncommon in collector hands.
Rupee traveller's cheques of this period were restricted instruments: usable only within India under RBI regulations, which sharply limited their commercial appeal and ultimately curtailed the program's lifespan.