MUMBAI, India, Feb. 13 -- Intellectual Property India has published a patent application (202611002190 A) filed by Lovely Professional University, Phagwara, Punjab, on Jan. 8, for 'smart coin jar system for economic behavior trackin.'
Inventor(s) include Dr. Rishabh Garg; Alisha Ralph; and Dr. Pooja Kansra.
The application for the patent was published on Feb. 13, under issue no. 07/2026.
According to the abstract released by the Intellectual Property India: "The present invention discloses a smart coin jar system (100) for tracking, analyzing, and improving saving behavior. The system comprises a jar body (102) for storing coins and notes, a deposit slot (104), a sensor subsystem (106) for detecting deposits and withdrawals, an embedded control unit (108) for logging events and computing behavioral metrics, a feedback interface (110) for real-time motivational messages, and a communication module (112) for wireless data transmission to mobile or cloud platforms. The system automatically tracks deposit frequency, intervals, and amounts, providing users with visual, audio, and motivational feedback. This tangible, interactive device encourages disciplined saving, supports goal setting, allows trend visualization, and enables large-scale data analytics for behavioral economics research, transforming traditional coin storage into an intelligent financial tool."
Disclaimer: Curated by HT Syndication.
