On April 1, 1957, ten years after gaining independence from the British, Indian coins became decimal. The history of modern coinage in India is just about 200 years old, despite the fact that coins have been used as units of value for money for about 500 years. Its fascinating past, which also has some humorous elements, can be traced back to the era of the East India Company, which was the forerunner of the British Raj. India kept using the outdated non-decimal coinage even after the British withdrew after the country gained its independence in 1947. In 1957, India adopted the decimal system.