MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202611049435 A) filed by Shree Guru Gobind Singh Tricentenary University, Gurugram, Haryana, on April 17, for 'personal financial vault system.'
Inventor(s) include Dr. Ankita; Dr. Niyati Chaudhary; and Neeshant.
The application for the patent was published on May 29, under issue no. 22/2026.
According to the abstract released by the Intellectual Property India: "A personal financial vault system, comprises a housing 101 having an interior vault space, a currency intake assembly to receive physical currency notes manually by a user, a currency verification module to identify denomination and/or authenticity of received currency notes, an articulated arm 105 to transport received currency notes in a plurality of storage chambers 106 to store currency notes, a sensing module to detect at least one of passage, count, denomination, and quantity of currency notes, a user-interface inbuilt in a computing unit for enabling user to input at least one of expense records, income data, bank statement data, passbook data, and transaction histories, a voice interaction module 201 to receive spoken user input relating to withdrawal purpose, reserve usage, or fund allocation, and a microcontroller integrated with a predictive financial analytics module to determine at least a safe-to-spend limit and a spending boundary."
Disclaimer: Curated by HT Syndication.
