Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized.

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] Five paise coins were minted from Cupronickel, Aluminium and Aluminium-magnesium in medallic alignment.

The coins were rhombus shaped and had smooth edge.