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50 Naye Paise
| Issuer | Government of India |
|---|---|
| Year | 1957-1963 |
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| In circulation to | 1964 |
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| Reverse script | Devanagari/Latin |
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| Edge | Reeded |
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| Additional information |
The "Naye Paise" designation — meaning "new paise" in Hindi — was introduced alongside India's decimalization on April 1, 1957, when the old anna-based system was replaced by 100 paise to the rupee. The transition had been debated for decades under British administration but was only executed after independence. The word "Naye" was dropped from the coinage in 1964 once the new system was considered sufficiently established in public familiarity.
Coins of this type were struck at the Bombay, Calcutta, and Hyderabad mints, each carrying a distinct mint mark below the denomination.