29 June 2011

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RIP 25 Paisa Coin – Today was the last day of chavanni Time Line of 25 Paisa

RIP 25 Paisa Coin – Today was the last day of chavanni
Time Line of 25 Paisa

Few days back Reserve Bank of India announced that "Coins of denomination of 25 paise and below will cease to be legal tender from June 30, 2011. These will not be accepted for exchange at bank branches from July 1, 2011 onwards.


Before 25 Paisa government has phased out 1, 2, 3, 5, 10 and 20 paise coins.

Now 50 Paise coin has become the lowest denomination.

50 Paise is a half a Rupee.

The word paisa is actually a borrowing from the Persian language

In September 1955, the Indian Coinage Act was amended for the country to adopt a metric system for coinage. One Rupee got divided into 100 Paisa and the 2.5 grams nickel 25 paise coin was also introduced.

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1959 –
Nickel 25 paise coin Weight of the coin was 2.5 grams, diameter was 19mm.

1972 –
25 Paise coin was struck in copper nickel.

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1980 – Rural Women advancement coin

1988 - 25 paise coin was struck in stainless-steel.

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Reality views by sm –
Wednesday, June 29, 2011

Keyword Tag – RIP 25 Paise Time Line of 25 Paise

10 comments:

SANDEEP PANWAR June 30, 2011  

मैंने तो कुछ बचा कर भी रख ली है,
आगे आने वालों बच्चों को दिखाया करेंगे

Kirtivasan Ganesan June 30, 2011  

It is a wrong decision by RBI. There are four quadrants in maths. It is there because of some importance. So 1/4th of a rupee must have a mathematical significance.

Arti June 30, 2011  

Didn't know about this, that its officially called off now. Thanks for the info.

sm,  June 30, 2011  

जाट देवता (संदीप पवाँर),,
thanks.
Yes they will be happy to see them.

sm,  June 30, 2011  

Kirti,,
thanks.
Because of Metal prices govt has to take this step.

sm,  June 30, 2011  

Arti,
thanks.

Irfanuddin July 01, 2011  

well, CHAVANNI has its own significance in our life, even it is going to loose its economical value from now on, its going to remain there with a symbolic identity...think if some one has to offer SAWA RUPYE KA PRASAD, what he will do????

sm,  July 01, 2011  

IRFANUDDIN,,
thanks.
Yes it will be with us forever.

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