One of the main differences between paper money and metallic money is that paper money contains currency notes which are issued by either the Government of India or the Reserve Bank of India. Whereas, when talking about metallic money, they are high value metals which are used as money is known as metallic money. Metallic money was developed before the invention of paper money, which was created as a substitute for metallic money.
Paper money comes in different denominations like Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 200, Rs. 500 and Rs. 2000. Indian currency coins come in the denominations, Rs. 1, Rs. 2, Rs. 5, Rs. 10 and Rs. 20.
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