The paisa was first introduced on 1 April 1957 after decimalisation of the Indian rupee.
'new paisa') to distinguish it from the old paisa/pice which was a 1⁄64 subdivision of the Indian Rupee.
On 1 June 1964, the term "naya" was dropped and the denomination was named paisa.
Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetised.
[14] However, the proposed symbol never appeared on any coin, as the Reserve Bank of India had stopped minting any paisa coins before this proposal.