By default from many decades we have been using a safe at our home to protect our valuables, may it be mechanical or digital or a combination of both. Not all safes are unbreakable or the security codes or patters are uncrackable. The development in technology has led to a daunting effect on the security industry as the high security safes are very much expensive hence, we need to come with more technologically advanced and empirical solutions that can appease the security needs of most of the common people in the world who are frugal. The constant influx of technological changes and updation had also made it possible for building a safe security system which is inexpensive. In this paper we will be discussing about a IoT based smart safe with incorporates computer vision and machine learning. © 2018 IEEE.