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An anna (or ānna) was a currency unit formerly used in British India, equal to 1 ⁄ 16 of a rupee. [1] It was subdivided into four pices or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise , one anna was therefore equivalent to 6.25 paise .
Chaulukya coins were often called "Gadhaiya Paise" (9th–10th century CE). [4] Until the 1950s in India and Pakistan (and before 1947 in British India), the paisa (back then spelled as pice in English) was equivalent to 3 pies, 1 ⁄ 4 of an anna, or 1 ⁄ 64 of a rupee.
It consisted of copper 1 ⁄ 12, 1 ⁄ 4 and 1 ⁄ 2 anna, silver 1 ⁄ 4, 1 ⁄ 3 and 1 rupee and gold 1 and 2 mohurs. In 1841, silver 2 annas were added, followed by copper 1 ⁄ 2 pice in 1853. The coinage of the EIC continued to be issued until 1862, even after the company had been taken over by the Crown .
The Indian One Paisa coin (Hindi: पैसा) is a former denomination of the Indian Rupee. The 1 coin equals 1 ⁄ 100 (one-hundredth) of the Indian Rupee. The symbol for paisa is (). In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957.
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') to distinguish it from the old paisa/pice which was a 1 ⁄ 64 ...
In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage. Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa".
The coin shall be round with serrations, diameter of 26.5 mm and 6.5 grams (1/40th in weight) 42,33,000 [2] 5 1 Rupee Coin October 16, 1982 F.A.O World Food Day: Cuprous Nickel: Copper 75% ; Nickel 25% The coin shall be round with serrations, diameter of 25 mm and 6.0 grams (1/40th in weight) 12,67,000 [2] 6 5 Rupee Coin January 29, 1996
The 25 Paisa coin was introduced in 1957. Prior to this, the 25 paise coin was known as the "1 ⁄ 4 rupee", which was equivalent to 4 annas (1 rupee = 16 annas). On June 30, 2011, the 25 paisa and all lower denomination coins were officially demonetised.