125th Anniversary of Allahabad Bank
Technical Data
| Date of Issue | July 19, 1989 |
|---|---|
| Denomination | 60 p |
| Quantity | 1,500,000 |
| Perforation | comb 14 |
| Printer | Security Printing Press, Nashik |
| Watermark | No Watermark |
| Colors | Multicolor |
| Catalog Codes |
Michel IN 1226 Stamp Number IN 1285 Yvert et Tellier IN 1028 Stanley Gibbons IN 1377 |
| Themes | Anniversaries and Jubilees | Banks | Buildings |
Commemorative Stamp Set: Allahabad Bank
Design Elements:
The commemorative stamp set could feature elements such as the historical logo of Allahabad Bank, depictions of its early branches in cities like Allahabad, Jhansi, Kanpur, and Calcutta, portraits of notable figures associated with the bank, and symbols representing its growth and contributions to Indian banking.
Cultural and Historical Significance:
Established in 1865, Allahabad Bank is one of India’s oldest joint stock banks. It was initially a pioneering initiative to create an Indian-owned banking institution, filling a crucial gap for Indian businessmen and consumers. The bank played a significant role in fostering economic growth and financial inclusion in India during its early years and continues to do so today.
Usage:
The commemorative stamp set celebrates the 125th anniversary of Allahabad Bank, honoring its legacy, contributions to Indian banking, and its role in the socio-economic development of the country. It serves as a collectible item for philatelists and a symbol of pride for the bank’s stakeholders.
Importance of the Commemorative Stamp Set:
This stamp set is important for recognizing Allahabad Bank’s historical journey, from its inception in Allahabad to its growth into a national banking entity. It highlights the bank’s pivotal role in Indian banking history, its nationalization in 1969, and its continued impact on the financial landscape of India.
Example of the Stamp Design:
One stamp design could feature a montage of historical photographs showing the early branches and directors of Allahabad Bank. Another stamp might depict a modern branch office, symbolizing the bank’s evolution and its current nationwide presence. The stamps could also include portraits of influential figures associated with the bank.
Significance:
The commemorative stamp set symbolizes Allahabad Bank’s enduring legacy, its contributions to the Indian economy, and its role in shaping the banking sector. It educates the public about the bank’s historical significance and celebrates its achievements over 125 years of service.