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The Indian five naye paise (Hindi: पाँच नए पैसे) (singular: Paisa), was a unit of currency equaling 1 ⁄ 20 of the Indian rupee. The symbol for paisa is p . History
Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD 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. In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage.
As like the other Indian rupee banknotes, the ₹ 5 banknote has its amount written in 17 languages. On the obverse, the denomination is written in English and Hindi. On the reverse is a language panel which displays the denomination of the note in 15 of the 22 official languages of India. The languages are displayed in alphabetical order.
The Indian 10 coin is a former denomination of the Indian rupee. The 10 Paise coin equals 1 ⁄ 10 of a rupee. The last issue, minted in stainless steel, was first introduced into circulation in 1988. [1] Various 10 paisa coins.
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Currently it is the lowest circulating denomination of the Indian rupee. The symbol for paisa is ( ). On 30 June 2011, when the 25 paisa and all other lower denomination coins were officially demonetised , the 50 paise coin became the lowest circulating denomination of the Indian rupee.