A Study on Diverse Recognition Techniques for Indian Currency Note

By expansion of modern banking services, automatic schemes for paper currency recognition are significant in many applications..Automated paper currency recognition system can be a very good utility in banking systems and other field of commerce. Since many years counterfeiting of paper currency challenges the financial system of every country in different sectors, India is also one of them. In this article, various methods for the recognition of paper currency is described. An efficient currency recognition system is vital for the automation in many sectors such as vending machine, rail way ticket counter, banking system, shopping mall, currency exchange service etc. A successful approach for currency recognition depends upon feature extraction of that currency image. In this survey, we empirically demonstrate the different techniques of Indian currency notes to recognition of currency notes.