India gained its independence on fifteenth August, 1947. Through the interval of transition India retained the financial system and the foreign money and coinage of the ancient times and launched a brand new distinctive sequence of cash on fifteenth August, 1950.
Chronologically, the principle issues influencing the coinage coverage of Republic India over time have been:
- The incorporation of symbols of sovereignty and indigenous motifs on independence;
- Coinage Reforms with the introduction of the metric system;
- The necessity felt now and again to obviate the opportunity of the metallic worth of cash rising past the face worth;
- The associated fee-benefit of coinisation of foreign money notes
Impartial India Points might broadly be categorised as follows:
The Frozen Sequence 1947-1950
This represented the foreign money preparations in the course of the transition interval upto the institution of the Indian Republic. The Financial System remained unchanged at One Rupee consisting of 192 pies.
1 Rupee = 16 Annas
1 Anna = 4 Pice
1 Pice = 3 Pies
The Anna Sequence
This sequence was launched on fifteenth August, 1950 and represented the primary coinage of Republic India. The King’s Portrait was changed by the Lion Capital of the Ashoka Pillar. A corn sheaf changed the Tiger on the one Rupee coin. In some methods this symbolised a shift in focus to progress and prosperity. Indian motifs had been included on different cash. The financial system was largely retained unchanged with one Rupee consisting of 16 Annas.
| Denomination | Metal | Obverse | Reverse |
|---|---|---|---|
| Rupee One | Nickel |  |
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| Half Rupee | Nickel |  |
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| Quarter Rupee | Nickel |  |
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| Two Anna | Cupro-Nickel |  |
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| One Anna | Cupro-Nickel |  |
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| Half Anna | Cupro-Nickel |  |
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| One Pice | Bronze |  |
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The Decimal Series
The move towards decimalisation was brewing for more than 100 years. Nonetheless, it was in September 1955 that the Indian Coinage Act 1906 was changed to make ready for the country to take on a decimal standard for money. The revised Act came into force with impact from first April 1957. The rupee stayed unaltered in worth and classification. It, notwithstanding, was presently partitioned into 100 ‘Paisa’ rather than 16 Annas or 64 Pice. For public acknowledgment, the new decimal Paisa was named ‘Naya Paisa’ till first June 1964, when the term ‘Naya‘ was dropped. The worth is portrayed in Hindi making sense of the worth equivalent to the 100th piece of one rupee.
Naya Paisa Series 1957-1964
| Denomination | Metal Weight Shape Size |
Obverse | Reverse |
|---|---|---|---|
| Rupee One | Nickel 10 gm Circular 28 mm |
 |
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| Fifty Naye Paise | Nickel 5 gm Circular 24 mm |
 |
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| Twenty Five Naye Paise | Nickel 2.5 gm Circular 19 mm |
 |
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| Ten Naye Paise | Cupro-Nickel 5 gm Eight Scalloped 23 mm (across scallops) |
 |
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| Five Naye Paise | Cupro-Nickel 4 gm Square 22 mm (across corners) |
 |
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| Two Naye Paise | Cupro-Nickel 3 gm Eight Scalloped 18 mm (across scallops) |
 |
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| One Naya Paisa | Bronze 1.5 gm Circular 16 mm |
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Paisa Series 1964 onwards (The word ‘Naya’ dropped and value in words added)
With commodity prices rising in the sixties, small denomination coins which were made of bronze, nickel-brass, cupro-nickel, and Aluminium-Bronze were gradually minted in Aluminium. This change commenced with the introduction of the new hexagonal 3 paise coin. A twenty paise coin was introduced in 1968 but did not gain much popularity.
| Denomination | Metal Weight Shape Size |
Obverse | Reverse |
|---|---|---|---|
| Fifty Paise | Nickel 5 gm Circular 24 mm |
 |
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| Twenty Five Paise | Nickel 2.5 gm Circular 19 mm |
 |
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| Ten Paise | Cupro-Nickel 5 gm Eight Scalloped 23 mm (across scallops) |
 |
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| Five Paise | Cupro-Nickel 4 gm Square 22 mm (across corners) |
 |
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| Two Paise | Cupro-Nickel 3 gm Eight Scalloped 18 mm (across scallops) |
 |
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| One Paisa | Bronze 1.5 gm Circular 16 mm |
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