Fake Indian CurrencyDetection

ABSTRACT Modernization of the financial system is a milestone in protecting the economic prosperity, and maintaining social harmony. The Reserve Bank of India is only one which has the full authority to issue bank notes in India. But some unsocial group of people is prone to make these fake currencies. Fake Indian Currency of 100, 500 and 1000 seems to have flooded the system and there is no proper way to deal with them for a common person. Common Person fall prey to this currencies. The value of money is increasing and Rs. 1000 and Rs. 500 is the highest value currency existing till date and maximum fake is done in them. From few years, along with the original currency, Fake Currency is also circulating in the society and unbalancing the social harmony of the society. Many of the transaction are also carried out with it. Fake currency detection means finding fake currency from the currencies. With the advancement of the modern banking services, automatic methods for paper currency detection has become important in most of the applications such as in automated teller machines and automatic goods seller machines. Images are processed by using various techniques of image processing and further various features are extracted from the images. Automatic methods of banknotes recognition are required in many applications, such as automatic selling goods and vending machines, among others. The approach consists of a number of components including image processing, image segmentation, characteristic extraction, comparing images. The basic thing of approach is that we extract the features on the basis of which we are going to classify the fake note. The Reserve Bank is only one which has the sole authority to issue bank notes in India. Reserve Bank, like other central banks the world over, changes the design of bank notes from time to time. Traditionally, anti-counterfeiting measures involved including fine detail with raised intaglio printing on bills which allows non-experts to easily spot forgeries. On coins, milled or marked with parallel grooves edges are used to show that none of the valuable metal has been scraped off. Reserve bank uses several techniques to detect fake currency. https://ift.tt/3bZ2LOQ https://codeshoppy.com