MUMBAI, India, July 11 -- Intellectual Property India has published a patent application (202511060366 A) filed by Shree Guru Gobind Singh Tricentenary University, Gurugram, Haryana, on June 24, for 'currency storage and management device.'
Inventor(s) include Dr. Niyati Chaudhary; Dr. Shipra Kumari; and Dr. Tanushri Purohit.
The application for the patent was published on July 11, under issue no. 28/2025.
According to the abstract released by the Intellectual Property India: "A currency storage and management device is comprising, a housing 101 configured to store various currency denominations, an authentication unit 102 for biometric and password-based user verification, a currency compartment 103 with multiple adjustable universal currency frames 104 securely holds notes or coins using motorized clamps 105, a dual-mode cleaning unit 106 receives frames 104 via a loading tray 107 and holds them using rotatable suction grippers 108 for cleaning, a scanning unit 109 adjacent to the cleaner identifies currency parameters, a rail-guided transport unit 110 navigates RFID-tagged frames 104 to country-specific cassettes 201 with vertical rails and servo-controlled flaps 201b for secure storage, a touchscreen display 111 facilitates country selection and shows denomination data, a dual-armed retrieval unit 112 grasps and positions frames 104 for dispensing, a currency dispensing unit 113 with clamp lever 113a assembly and cascading transparent door 113b securely holds and releases frames 104."
Disclaimer: Curated by HT Syndication.
