MUMBAI, India, Sept. 28 -- Intellectual Property India has published a patent application (202621096202 A) filed by Dr. Komal Singh; Dr. Neetal Vyas; Dr Renu Verma; and Mr. Venkatesh Bharti on August 09, 2026, for Ai-Enabled Currency Authentication, Condition Classification And Circulation Intelligence Device.
Inventors include Dr. Komal Singh; Dr. Neetal Vyas; Dr Renu Verma; and Mr. Venkatesh Bharti.
The application for the patent was published on September 25, 2026, under issue no. 39/2026.
Abstract: The present invention relates to a compact currency processing device configured to authenticate, classify, and assess the physical condition of banknotes and coins while generating circulation intelligence. The device comprises a controlled layered feed mechanism, inspection chamber, multispectral optical scanning assembly, magnetic signature sensing assembly, thickness measurement assembly, dimensional sensing components, and an embedded artificial intelligence processing engine. Sensor outputs obtained during movement of a currency item through the inspection chamber are combined to generate a multi-parameter currency characteristic profile for authentication and denomination classification. The device further evaluates physical condition and wear characteristics and stores processing information for generating aggregated circulation intelligence relating to denomination distribution, authentication results, processing frequency, and currency condition trends. A secure communication interface enables authorized synchronization with banking, financial, and currency-management platforms. The invention provides an integrated platform for automated currency authentication, quality assessment, and circulation analysis.
Disclaimer: Curated by HT Syndication.
