We use the minimum number of coins for each person:
- For 78 paise: Use 1 x 50 paisa, 1 x 25 paisa, 1 x 2 paisa, and 1 x 1 paisa coin (4 coins).
- For 69 paise: Use 1 x 50 paisa, 1 x 10 paisa, 1 x 5 paisa, and 1 x 2 paisa (4 coins).
- For Rs. 1.01: Use 1 x 50 paisa, 1 x 25 paisa, 1 x 10 paisa, and 1 x 1 paisa (4 coins).
Thus, the total minimum number of coins required is 20.