Indian paisa

Indian paisa (plural: paise) is ?¹?₁₀₀ (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.

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

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.

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
	Hundred paise	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.

Coins

Naya Paisa Series (1957-1964)

Naya Paisa Series
Value	Technical parameters				Description			Year of minting		Monetary status
Value	Weight	Diameter	Thickness	Metal	Edge	Obverse	Reverse	First	Last	Monetary status
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.
2 Naya Paise	2.95 g	18 mm	1.80 mm	Cupronickel	Smooth		Face-value and year.	1957	1963	Demonetized.
5 Naya Paisa
10 Naya Paisa
20 Naya Paisa
50 Naya Paisa

Paisa Series (1964 - present)

Paisa - Aluminum Series
Value	Technical parameters				Description			Year of minting		Monetary status
Value	Weight	Diameter	Thickness	Metal	Edge	Obverse	Reverse	First	Last	Monetary status
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.
2 Paise	1.0 g	20 mm	1.58 mm					1965	1981	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				Face-value and year.	1982	1997	Demonetized.^[10]
10 Paisa
20 Paisa
25 Paisa
50 Paisa