Indian paisa

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Indian paisa (plural: paise) is ​1100 (one-hundredth) subdivision of the Indian rupee. The paisa was first introduced on 1 April 1957 after decimalisation of the Indian rupee. As of 30 June 2011, except for 50 paisa coins, all other paisa coins had been demonetized.[citation needed]

In 1955, the Government of India first amended the "Indian Coinage Act" and adopted the "metric system for coinage". From 1957 to 1964, the Paisa was called "Naya Paisa" (New Paisa) and on 1 June 1964, the term "Naya" was dropped and the denomination was named "Paisa". Paisa has been issued in 1, 2, 3, 5, 10, 20, 25 and 50 paisa coins.

History[edit]

Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized.[1][2]

Denomination Corresponding value From To Comments
One Indian rupee Sixteen Indian anna 1835 1947
1947 1950 The Frozen Series
1950 1957 The Anna Series
Hundred paise 1957 1964 Naya Paisa Series
1964 Present Except 50 paise, rest all paise, anna, pice and pies coins demonetized.
One Indian anna Four Indian pice 1835 1947
1947 1950 The Frozen Series.
1950 1957 The Anna Series. Anna and pice demonetized in 1957.
One Indian pice Three Indian pies 1835 1947 Pies demonetized in 1947.
One Indian rupee = 100 paise = 16 anna = 64 pice = 192 pies.[1]

Notation[edit]

1/15/3/2 = 1.9947
1/8/3 = 1.546
1/4 = 1.25

Coins[edit]

Naya Paisa Series (1957-1964)[edit]

Naya Paisa Series
Value Technical parameters Description Year of minting Monetary
status
Weight Diameter Thickness Metal Edge Obverse Reverse First Last
1 Naya
Paisa
1.5 g 16 mm 1 mm Bronze Plain State Emblem of India and country name
in Hindi and English.
Face-value and year. 1957 1962 Demonetized.[3]
2 Naya
Paise
2.95 g 18 mm 1.80 mm Cupronickel Smooth 1957 1963 Demonetized.[4]
5 Naya
Paisa
10 Naya
Paisa
20 Naya
Paisa
50 Naya
Paisa

Paisa Series (1964 - present)[edit]

Paisa - Aluminum Series
Value Technical parameters Description Year of minting Monetary
status
Weight Diameter Thickness Metal Edge Obverse Reverse First Last
1 Paisa 0.75 g 17 mm 1.72 mm Aluminium Smooth State Emblem of India and
country name in Hindi and English.
Face-value and year. 1965 1981 Demonetized.[5]
2 Paise 1.0 g 20 mm 1.58 mm Demonetized.[6]
3 Paise 1.2 g 21 mm 2.0 mm 1964 1971 Demonetized.[7]
5 Paise 1.5 g 22.0 mm 2.17 mm State Emblem of India country
name and face-value.
Year and "Save for development" lettering.
Coin minted to commemorate FAO.
1977 1977 Demonetized.[8]
10 Paise 2.27 g 25.91 mm 1.92 mm State Emblem of India and
country name in Hindi and English.
Face-value and year. 1971 1982 Demonetized.[9]
20 Paise 2.2 g 26 mm 1.7 mm 1982 1997 Demonetized.[10]
10 Paisa
20 Paisa
25 Paisa
50 Paisa

Mint mark[edit]

See also[edit]

References[edit]

  1. ^ a b "Republic India Coinage". Reserve Bank of India. Retrieved 27 November 2016.
  2. ^ "Global Financial Data". Global Financial Data. Retrieved 27 November 2016.
  3. ^ "1 Naya Paisa". Numista. Retrieved 28 November 2016.
  4. ^ "2 Naya Paise". Numista. Retrieved 28 November 2016.
  5. ^ "1 Indian paisa". Numista. Retrieved 29 November 2016.
  6. ^ "2 Indian paise". Numista. Retrieved 29 November 2016.
  7. ^ "3 Indian paise". Numista. Retrieved 29 November 2016.
  8. ^ "5 Indian paise". Numista. Retrieved 29 November 2016.
  9. ^ "10 Indian paise". Numista. Retrieved 29 November 2016.
  10. ^ "20 Indian paise". Numista. Retrieved 29 November 2016.

External links[edit]