The Indian paisa ( Indian Paisa symbol

)(plural: ''paise'') is a (one-hundredth) subdivision of the

Indian rupee The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 ''paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use wh ...

. The paisa was first introduced on 1 April 1957 after

decimalisation Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10. Most countries have decimalised their currencies, converting them from non-decimal ...

of the Indian rupee. 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'' () 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.

History

Prior to 1957,

was not decimalised and the rupee from 1835 to 1957 was further divided into 16

annas Annas (also Ananus or Ananias;Goodman, Martin, "Rome & Jerusalem", Penguin Books, p.12 (2007) , ; grc-x-koine, Ἅννας, ; 23/22 BC – death date unknown, probably around AD 40) was appointed by the Roman legate Quirinius as the first High ...

. Each anna was further divided to four

Indian pice Paisa (also transliterated as ''pice'', ''pesa'', ''poysha'', ''poisha'' and ''baisa'') is a monetary unit in several countries. The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the ''Paisa'' currently equa ...

s and each pice into three

Indian pie A pie (abbreviated as Ps) was a unit of currency in India, Burma and Pakistan until 1947. It was the smallest currency unit, equal to of a paisa, of an anna or of a rupee. During the mid-nineteenth century, one pie was worth 12 cowry. Mint ...

s till 1947 when the pie was demonetised.

Coins

Naya paisa series (19571964)

Paisa series (19642009)

Mint mark

* No mintmark =

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

* ⧫ = Mumbai mint * B = Mumbai Proof issues * * =

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

* ° =

Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...

References

External links

{{Authority control Coins of India Historical currencies of India