5 naye paise (Indian coin) should not be confused with 5 paise (Indian coin).
| Denomination: | Five naye paise पाँच नए पैसे |
| Country: |  India |
| Value: | of Indian rupee |
| Mass G: | 4.0 |
| Mass Grain: | 62.5 |
| Diameter Mm: | 22 |
| Diameter Inch: | 0.87 |
| Thickness Mm: | 1.67 |
| Thickness Inch: | 0.066 |
| Edge: | Smooth |
| Composition: | Cupronickel |
| Years Of Minting: | 1957–1963 |
| Mintage: | 4,294,967,295 |
| Mint Marks: | ⧫ = Mumbai B = Mumbai proof issue * = Hyderabad ⟐ = Hyderabad No mark = Kolkata |
| Circulation: | Demonetized |
| Catalog Number: | KM# 16 |
| Obverse Design: | State Emblem of India with country name. |
| Reverse Design: | Face value, year and value in Hindi (रूपये का बीसवाँ भाग; Eng: Twentieth of a rupee) |
The Indian five naye paise (Hindi: पाँच नए पैसे) (singular: Paisa), was a unit of currency equaling of the Indian rupee. The symbol for paisa is p.
Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized. 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. Plural: Naye paise). 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 naye paise coins were minted from 1957 to 1963 at the India Government mint in Bombay (present day Mumbai) and borne ⧫ (small dot/diamond) symbol mint mark. Five naye paise coins have been demonetized.[3] [4]
Total 4,294,967,295 coins were minted from 1957 to 1963.[4]
Five naye paise coins were minted from cupronickel alloy in medallic alignment. Coins weighed 4.0 grams, had a diameter of 22mm and thickness of 1.67mm. Five naye paise coins were quadrangular shaped and had smooth edge.[1]