Smart Piggy Bank

Abstract

The Smart Piggy Bank is a coin and bill storage device integrated with advanced electronic features to track and manage savings automatically. It includes a deposit recognition system that uses sensors to identify and calculate the value of coins and bills, displaying the total savings on a digital screen. The device connects to a mobile application via Bluetooth or Wi-Fi, providing real-time savings updates, goal-setting functionalities, and educational resources about financial management. To ensure secure access, the smart piggy bank includes security features such as a PIN code or biometric authentication. Additionally, it provides motivational feedback through alerts, sounds, or lights to encourage consistent saving habits, making it an educational and interactive tool particularly beneficial for children. The invention comprises various modules, including a Coin Count Module, a Coin Ejection Module, and a communication module, all controlled by a microcontroller and powered by a dedicated power supply.

Specification

Description:The Smart Piggy Bank includes a deposit slot for receiving coins and bills. Inside the
bank, a series of sensors detect and classify the deposited items. For coins, a weight and size
sensor determine the coin type and calculates its value. For bills, an optical scanner reads the
denomination. These values are sent to an internal microprocessor that updates the savings
total, which is displayed on an integrated digital screen. The Smart Piggy Bank also features
a wireless communication module, such as Bluetooth or Wi-Fi, allowing it to connect to a
dedicated mobile application. , Claims:1. The Smart Piggy Bank (100) comprising:
i. Power supply (101);
ii. Micro controller (102);
iii. Coin Count Module (103);
iv. User Interface (104);
v. Coin Ejection Module (105);
vi. Communication Module (106);
2. The Smart Piggy Bank (100), as claimed in claim 1, wherein the Coin Count
Module(103) and Coin Ejection Module(105).

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