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Indian Currency Identification Using Image Processing : A Review Paper

  • Unique Paper ID: 151359
  • Volume: 7
  • Issue: 12
  • PageNo: 533-536
  • Abstract:
  • A currency note is a type of a negotiable instrument made by a bank, payable to the bearer on demand. The Indian Rupee is the official currency of the Republic of India. Counterfeit money is imitation currency produced without the legal authorization of the state or government. Counterfeit notes are one of the biggest problem occurring in cash transactions. This has led to the escalation of corruption hindering country’s growth. Because of the rapid advancements in imaging, scanning and printing technologies it is very easy for a person to create counterfeit currency notes with use of advanced software and hardware tools. Detecting the counterfeit notes manually become time consuming and untidy process hence there is need of automatic technique with currency recognition process can be efficiently done. This paper made an effort to explore the various security features of the highest denomination of 2000 with multispectral imaging. Counterfeit of currency of denomination 2000 will be a very difficult task because as many security features are embedded in the newly introduced currency notes which makes the currency of highest denomination more secure.
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  • ISSN: 2349-6002
  • Volume: 7
  • Issue: 12
  • PageNo: 533-536

Indian Currency Identification Using Image Processing : A Review Paper

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