<h1>India to Withdraw 25 Paise and Lower Coins by June 30, 2011; 50 Paise Minimum for Transactions.</h1> The Central Government, through the Ministry of Finance, announced on December 20, 2010, that coins of 25 paise and below will be withdrawn from circulation effective June 30, 2011. These coins will no longer be legal tender for transactions or accounting purposes. From that date, the minimum denomination coin accepted for transactions will be 50 paise. Accounting entries, product pricing, and taxes will also be rounded to 50 paise or the nearest whole rupee. This decision was made under the authority of the Coinage Act, 1906. The Reserve Bank of India will provide further details on the withdrawal process.