MUMBAI, India, Sept. 28 -- Intellectual Property India has published a patent application (202541025212 A) filed by K. Ramakrishnan College Of Technology on March 20, 2025, for A System For Dispensing Of Remaining Balance In Product Vending Machine.
Inventors include Ms. S. Geerthana; Ms. S. Subhika; Ms. S. Swetha Lakshimi; Ms. B. Vishalini; and Mr. W. Remigius.
The application for the patent was published on September 25, 2026, under issue no. 39/2026.
Abstract: ABSTRACT A SYSTEM FOR DISPENSING OF REMAINING BALANCE IN PRODUCT VENDING MACHINE The present invention discloses a system (10) for dispensing of coin/currency balances in commercial product vending machines for to eliminate the losses of consumers while purchasing of items. The system comprises a power source and a microcontroller. The microcontroller (17) is configured to track the money inserted by the user at the vending machine while purchasing of items, calculate the remaining balance or request additional money based on the selected items with respect to the given amount in currency form or digital form, store the validated currency at the respective area, and to refund the excessive balance in coin/currency form based on the request of the user. The currency validating module (18) is configured to verify and tally the deposited amount by the user for purchasing one or more items. The change dispensing module is configured to provide the balance money in currency or coin form to the user. The user interface module (12) is configured to access the vending machine by the user for selecting the items, digital payment options, physical payment options, monitoring operation status, balance returning options and the like. The push box (16) is configured to store/dispense the declined manual currency/coin based on the instruction of the currency validating module.
Disclaimer: Curated by HT Syndication.
