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On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa" (or paise for denomination greater than one). Paisa coins were issued as a part of "The Decimal Series". [ 4 ] [ 5 ] [ 6 ] Five paise coins were minted from 1964 to 1984.
The minimum unit of money fixed at one rupee, while fractional portions of one taka were referred to as paisa. [3] [4] In 1973, the Bangladeshi government began circulating 5, 10, 25, and 50 paisa coins. After 1973, five paisa coins were re-issued in 1974-1975, 1977-1979, and 1994. [1]
In 2007 RBI issued a new series of Coins, The Hasta Mudra Series, in coins of 50 paisa, 1 rupee and 2 rupee denominations. These coins are stainless steel and feature various Hasta Mudras (hand gestures in Indian Classical dance). The 5 rupee piece that features waves in its design was also issued in 2007, along with a new 10 rupee coin.
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Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa. Plural: Naye paise). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa" (or paise for denomination greater than one). Paisa coins were issued as a part of "The Decimal Series". [1] [2] [3]