Detection of Fake Indian Currency Notes using Deep Learning

Abstract

A normal human being can easily see and distinguish any banknote, however doing the same job is extremely difficult for someone who is visually challenged or blind. Because money plays such an essential part in our everyday lives and is required for any commercial transaction, real-time detection and recognition of banknotes is a must for anyone who is blind or visually impaired. The mobilenet based CNN model-based Indian currency detection and identification system is presented for this purpose, and it is quick and accurate. To make the system more resilient, pictures of various denominations and situations were collected first, and then these images were supplemented with various geometric and image modifications. These augmented pictures are then manually tagged, and training and validation image sets are created from them. Later, the trained model's performance was assessed on a real-time scenario as well as a test dataset. The suggested mobile net model-based technique exhibits detection accuracy of 91.33% according to the test results. This standalone system operates in real-time.