TheIndian paisa(plural:paise) is a1⁄100(one-hundredth) subdivision of theIndian rupee.The paisa was first introduced on 1 April 1957 afterdecimalisationof the Indian rupee.[1]
In 1955, theGovernment of Indiafirst amended theIndian Coinage Actand adopted the "metric systemforcoinage".From 1957 to 1964, the paisa was callednaya paisa(transl. 'new paisa') to distinguish it from the old paisa/pice which was a1⁄64subdivision of the Indian Rupee. On 1 June 1964, the term "naya" was dropped and the denomination was namedpaisa.Paisa has been issued in 1, 2, 3, 5, 10, 20, 25, and 50 paise coins. Though as of 2023, coins of thedenominationof 1 rupee are the lowest value in use.
History
editPrior to 1957,Indian rupeewas notdecimalisedand the rupee from 1835 to 1957 was further divided into 16annas.Each anna was further divided to fourIndian picesand each pice into threeIndian piestill 1947 when the pie was demonetised.[2][3]
Denomination | Corresponding value | From | To | Comments |
---|---|---|---|---|
OneIndian rupee | SixteenIndian 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 coinsdemonetised. | ||
One Indian anna | FourIndian pice | 1835 | 1947 | |
1947 | 1950 | The Frozen Series. | ||
1950 | 1957 | The Anna Series. Anna and pice demonetised in 1957. | ||
One Indian pice | ThreeIndian pies | 1835 | 1947 | Pies demonetised in 1947. |
One Indian rupee = 100 paise = 16 anna = 64 pice = 192 pies.[2] |
Coins
editNaya paisa series (1957–1964)
editNaya 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 Indiaand country name in Hindi and English. |
Face-value and year. | 1957 | 1962 | Demonetised.[4] |
2 naya Paise |
2.95 g | 18 mm | 1.80 mm | Cupronickel | Smooth | 1957 | 1963 | Demonetised.[5] | ||
5 naya paise |
||||||||||
10 naya paise |
||||||||||
20 naya paise |
||||||||||
50 naya paise |
Paisa series (1964–2002)
editPaisa – Aluminum series | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Value | Technical parameters | Description | Year of minting | Monetary status | ||||||
Mass | Diameter | Thickness | Metal | Edge | Obverse | Reverse | First | Last | ||
1 paisa | 0.75 g | 17 mm | 1.72 mm | Aluminium | Smooth | State Emblem of Indiaand country name in Hindi and English. |
Face-value and year. | 1965 | 1981 | Demonetised.[6] |
2 paise | 1.0 g | 20 mm | 1.58 mm | Demonetised.[7] | ||||||
3 paise | 1.2 g | 21 mm | 2.0 mm | 1964 | 1971 | Demonetised.[8] | ||||
5 paise | 1.5 g | 22.0 mm | 2.17 mm | State Emblem of Indiacountry name and face-value. |
Year and "Save for development" lettering. Coin minted to commemorateFAO. |
1977 | 1977 | Demonetised.[9] | ||
10 paise | 2.27 g | 25.91 mm | 1.92 mm | State Emblem of Indiaand country name in Hindi and English. |
Face-value and year. | 1971 | 1982 | Demonetised.[10] | ||
20 paise | 2.2 g | 26 mm | 1.7 mm | 1982 | 1997 | Demonetised.[11] | ||||
25 paise | 2.83 g | 19.05 mm | 1.55 mm | 1957 | 2002 | Demonetised.[12] | ||||
50 paise | 2.9 g | 19 mm | 1.5 mm | 1957 | 2002 | In circulation but rare.[13] |
Mint mark
edit- No mintmark =Kolkata
- ⧫ =Mumbai mint
- B = Mumbai Proof issues
- * =Hyderabad
- ° =Noida
Symbol for Paisa
editA symbol for the paisa ⟨⟩ was designed using the same concept as thesymbol for rupee.[14]However, the proposed symbol never appeared on any coin, as theReserve Bank of Indiahad stopped minting any paisa coins before this proposal.
See also
editReferences
edit- ^"Reserve Bank of India".www.rbi.org.in.Retrieved2023-12-07.
- ^ab"Republic India Coinage".Reserve Bank of India.Archivedfrom the original on 28 November 2016.Retrieved27 November2016.
- ^"Global Financial Data".Global Financial Data.Retrieved27 November2016.[permanent dead link]
- ^"1 Naya Paisa".Numista.Archivedfrom the original on 29 November 2016.Retrieved28 November2016.
- ^"2 Naya Paise".Numista.Archivedfrom the original on 29 November 2016.Retrieved28 November2016.
- ^"1 Indian paisa".Numista.Retrieved29 November2016.
- ^"2 Indian paise".Numista.Archivedfrom the original on 29 November 2016.Retrieved29 November2016.
- ^"3 Indian paise".Numista.Archivedfrom the original on 1 September 2024.Retrieved29 November2016.
- ^"5 Indian paise".Numista.Archivedfrom the original on 1 September 2024.Retrieved29 November2016.
- ^"10 Indian paise".Numista.Archivedfrom the original on 1 September 2024.Retrieved29 November2016.
- ^"20 Indian paise".Numista.Archivedfrom the original on 29 November 2016.Retrieved29 November2016.
- ^"25 Indian paise".Numista.Archivedfrom the original on 11 May 2023.Retrieved11 May2023.
- ^"50 Indian paise".Numista.Archivedfrom the original on 19 February 2023.Retrieved11 May2023.
- ^Kumar, D. Udaya."Currency Symbol for Indian Rupee"(PDF).Indian Institute of Technology Bombay. Archived fromthe original(PDF)on 2010-08-21.Retrieved14 November2018.