Since rupees retained their pre-decimal value, pre-decimal coins of one, half and quarter rupees remained in circulation after decimalisation. The denominations in circulation were 1, 2, 3, 5, 10, 20, 25, 50 (naya) paisa and one rupee. To distinguish between the two pice coins in circulation, the coins minted between 19 were printed with the legend “Naya Paisa” (“New Paisa”). In 1957, India shifted to the decimal system, though for a short period of time, both decimal and non-decimal coins were in circulation. Under the anna series, one rupee was divided into 16 annas or 64 pice, with each anna equal to 4 pice. These included 1/2 rupee, 1/4 rupee, 2 anna, 1 anna, 1/2 anna & 1 pice coins, and are referred to as the anna series or pre-decimal coinage. The first rupee coins of the Republic of India were minted in 1950.

History Īfter Indian independence in 1947, British Indian coins were in use as a frozen currency until the dominion of India became a republic in 1950. All of these are produced by four mints located across India, in Kolkata, Mumbai, Hyderabad, Noida.

Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. For coinage before Indian independence, see Coins of British India.Ĭoins of the Indian rupee ( INR) were first minted in 1950.

All country 1 rupee coin