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Coinnet: platform independent application to recognize Indian currency notes using deep learning techniques

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Abstract

In India, nearly 12 million visually impaired people had difficulty in identifying the currency notes. There is a need to develop an application that can recognize the currency note and provide a vocal message. In this paper, a novel lightweight Convolutional Neural Network (CNN) model is developed for efficient web and mobile applications to recognize the Indian currency notes. A new dataset for Indian currency notes has been created to train, validate, and test the CNN model. This CNN based web and mobile applications will provide a text and audio output based on the recognized currency note. The proposed model is developed using TensorFlow and improved by selection of optimal hyperparameter value, and compared with existing well known CNN architectures using transfer learning. Based on the results it has been observed that proposed model perform well over six widely used existing architectures in terms of training and testing accuracy.

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Acknowledgements

We thanks Leadingindia.ai and Bennett University for providing supercomputer NVIDIA DGX V100 access to do this work. We also acknowledge Dr Deepak Garg (Director, LeadingIndia.ai) and Dr Suneet K. Gupta (Assistant Professor, Bennett University) for giving us the environment to work on this specific domain. I would also like to show our gratitude to S.R. Engineering College for giving permission with financial support to do this work at Bennett University. If anyone needs complete code and Indian currency notes dataset, please mail to the corresponding authors.

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Authors and Affiliations

  1. Department of Electrical and Electronics Engineering, Center for Artifical Intelligence and Deep Learning, S R Engineering College, Warangal, India

    Venkataramana Veeramsetty

  2. Department of Computer Science Engineering, Bennett University, Greater Noida, India

    Gaurav Singal & Tapas Badal

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  1. Venkataramana Veeramsetty
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  2. Gaurav Singal
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Correspondence to Venkataramana Veeramsetty.

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Veeramsetty, V., Singal, G. & Badal, T. Coinnet: platform independent application to recognize Indian currency notes using deep learning techniques. Multimed Tools Appl 79, 22569–22594 (2020). https://doi.org/10.1007/s11042-020-09031-0

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  • DOI: https://doi.org/10.1007/s11042-020-09031-0

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