when was decimal system of currency introduced in india
Decimalisation India changed from the rupee, anna, pie system to decimal currency on 1 April 1957.
History of the rupee Since its Independence in 1947, India has faced two major financial crises and two consequent devaluations of the rupee: In 1966 and 1991.[9]
Indian national calendar Usage started officially at 1 Chaitra 1879, Saka Era, or 22 March 1957. However, government officials seem to largely ignore the New Year's Day of this calendar in favour of the religious calendar.[3]
Coins of the Indian rupee The move towards decimalization was afoot for over a century. However, it was in September, 1955 that the Indian Coinage Act was amended for the country to adopt a metric system for coinage. The Act came into force with effect from 1 April 1957, after which anna and pice denominations were demonetised. The rupee remained unchanged in value and nomenclature. It, however, was now divided into 100 'paisa' instead of 16 annas or 64 pice. Effective from 30 June 2011, all coins in denominations of 25 paisa and below were officially demonetized.[4]