First time in India suppliers brought bundle note counting machines and used them in banks. When the market got aware of these money counting machines, small & medium establishments started using compact bill counters where you can carry and count the cash at the required place in the market . Few years back fake notes were flooded in the market then both business houses and common man got affected very badly. The ultra violet rays based machines were introduced and they could control the situation for a short period of time. In recent past the fake notes have started flooding the market , then the new technology machines got introduced with fake note detection feature, ultra violet & with a magnetic guard.
A currency counting machine or money counter is a device which calculates the amount of money that is being fed into it and can count either bundles of notes or an assortment of coins. Money counting machines have been traditionally made to be simply mechanical but the newer models use electronic components. The currency counter normally can give a read out of the total sum of money or if pre programmed, can give you a total sum of the bills can split it into specific batches so it can easily be organized and stored.
Vending machines are a common example of where to find a money counter. It is the reason why the vending machine always knows the amount you paid because the cash counter has the ability to identify the values of different bills and classify them accordingly. Also, in some new ATMs, there is a cash counter mechanism that allows for cash deposits without the use of envelopes. These new models have the ability to identify which bills have been inserted and not just calculates the total sum.
