The Indian paisa (plural: paise) is a 1⁄100 (one-hundredth) subdivision of the Indian rupee. The paisa was first introduced on 1 April 1957 after decimalisation of the Indian rupee.[1]

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 (transl. '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 paise coins. Though as of 2023, coins of denomination of 1 rupee are the lowest value in use.

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 demonetised.[2][3]

DenominationCorresponding valueFromToComments
One Indian rupeeSixteen Indian anna18351947
19471950The Frozen Series
19501957The Anna Series
Hundred paise19571964Naya paisa series
1964PresentExcept 50 paise, rest all paise, anna, pice and pies coins demonetised.
One Indian annaFour Indian pice18351947
19471950The Frozen Series.
19501957The Anna Series. Anna and pice demonetised in 1957.
One Indian piceThree Indian pies18351947Pies demonetised in 1947.
One Indian rupee = 100 paise = 16 anna = 64 pice = 192 pies.[2]

Coins

Naya paisa series (1957–1964)

Naya paisa series
ValueTechnical parametersDescriptionYear of mintingMonetary
status
WeightDiameterThicknessMetalEdgeObverseReverseFirstLast
1 naya
paisa		1.5 g16 mm1 mmBronzePlainState Emblem of India and country name
in Hindi and English.		Face-value and year.19571962Demonetised.[4]
2 naya
Paise		2.95 g18 mm1.80 mmCupronickelSmooth19571963Demonetised.[5]
5 naya
paise
10 naya
paise
20 naya
paise
50 naya
paise

Paisa series (1964–2002)

Paisa – Aluminum series
ValueTechnical parametersDescriptionYear of mintingMonetary
status
MassDiameterThicknessMetalEdgeObverseReverseFirstLast
1 paisa0.75 g17 mm1.72 mmAluminiumSmoothState Emblem of India and
country name in Hindi and English.		Face-value and year.19651981Demonetised.[6]
2 paise1.0 g20 mm1.58 mmDemonetised.[7]
3 paise1.2 g21 mm2.0 mm19641971Demonetised.[8]
5 paise1.5 g22.0 mm2.17 mmState Emblem of India country
name and face-value.		Year and "Save for development" lettering.
Coin minted to commemorate FAO.		19771977Demonetised.[9]
10 paise2.27 g25.91 mm1.92 mmState Emblem of India and
country name in Hindi and English.		Face-value and year.19711982Demonetised.[10]
20 paise2.2 g26 mm1.7 mm19821997Demonetised.[11]
25 paise2.83 g19.05 mm1.55 mm19572002Demonetised.[12]
50 paise2.9 g19 mm1.5 mm19572002In circulation but rare.[13]

Mint mark

Symbol for Paisa

Proposed symbol for Paisa

A symbol for the paisa ⟨⟩ was designed using the same concept as the symbol for rupee.[14] However, the proposed symbol never appeared on any coin, as the RBI had stopped minting any paisa coins before this proposal.

See also

References

  1. ↑ "Reserve Bank of India". www.rbi.org.in. Retrieved 2023-12-07.
  2. 1 2 "Republic India Coinage". Reserve Bank of India. Retrieved 27 November 2016.
  3. ↑ "Global Financial Data". Global Financial Data. Retrieved 27 November 2016.
  4. ↑ "1 Naya Paisa". Numista. Retrieved 28 November 2016.
  5. ↑ "2 Naya Paise". Numista. Retrieved 28 November 2016.
  6. ↑ "1 Indian paisa". Numista. Retrieved 29 November 2016.
  7. ↑ "2 Indian paise". Numista. Retrieved 29 November 2016.
  8. ↑ "3 Indian paise". Numista. Retrieved 29 November 2016.
  9. ↑ "5 Indian paise". Numista. Retrieved 29 November 2016.
  10. ↑ "10 Indian paise". Numista. Retrieved 29 November 2016.
  11. ↑ "20 Indian paise". Numista. Retrieved 29 November 2016.
  12. ↑ "25 Indian paise". Numista. Retrieved 11 May 2023.
  13. ↑ "50 Indian paise". Numista. Retrieved 11 May 2023.
  14. ↑ Kumar, D. Udaya. "Currency Symbol for Indian Rupee" (PDF). Indian Institute of Technology Bombay. Archived from the original (PDF) on 2010-08-21. Retrieved 14 November 2018.
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