MUMBAI, India, March 13 -- Intellectual Property India has published a patent application (202621010370 A) filed by Marwadi University, Rajkot, Gujarat, on Jan. 31, for 'device for currency verification, sorting, exchange and secure storage in a banking environment.'
Inventor(s) include Prof. Urvi Dhamecha; Pujan Bhanderi; Vala Harshavardhan; and Tarpara Jaimin.
The application for the patent was published on March 13, under issue no. 11/2026.
According to the abstract released by the Intellectual Property India: "A device for currency verification, sorting, exchange, and secure storage in a banking environment, comprises of a housing 101 having a plurality of storage chambers 102 to store currency notes of different denominations and co...