The New Rs 2000 Note Comes With A NANO GPS Chip? Here’s The Actual Truth Behind It!

The country was in a massive shock when last evening in a surprise announcement, Prime Minister Narendra Modi scrapped the Rs 500 and Rs 1,000 currency notes. The declaration also included introducing Rs 2,000 rupee note that will be circulated from November 10, 2016. Right after this announcement along with the obvious chaos followed the most interesting and unbelievable rumour, which spread like wildfire by Twitter and WhatsApp.

Here’s the message that went viral on WhatsApp:-

RBI to issue ₹2000 Rupees Notes coming February 2017

India is all set to add one more denomination to its currencies shortly. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel 7 high-value denominations should be discontinued to curb black money.

The Rs 2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2000 currency note is embedded with a NGC (Nano GPS Chip)

How the embedded NGC Technology Works?

The unique feature of the NGC is it doesn’t need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the NGC reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every NGC embedded currency can be easily tracked & located even if it is kept 120 meters below ground level. The NGC can’t be tampered with or removed without damaging the currency note

How will this help eradicate black money menace?

Since every NGC embedded currency can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suspicious locations other than banks & other financial institutions. The information will be passed on to the Income Tax Department for further investigation

Just a beginning of the end of black money in India

Everything that you read just now was a lie, a baseless rumor that was caught in web traffic via WhatsApp. The RBI released a press note to the media containing the details of all the new features of the Rs 2,000 note, such as its new magenta colour based design. The Bank confirmed, There will be no GPS tracking chip inside the currency note, and the tweets and WhatsApp messages that say otherwise are just wrong. The confirmation of this busted rumor was released on twitter as well. You can see the tweet here:

RBI issues ₹2000 note in new series pic.twitter.com/7Ob2j1t6Ab

— ReserveBankOfIndia (@RBI) 8 November 2016

The security features of the Rs. 2,000 notes include hidden images, coloured strip security threads, watermarks and several other features, but definitely, NO GPS tracking chip!!

Masses are often a victim of fraud news, created by Web traffickers which not only confuses the readers but can be a cause of harmful incidents triggered by such rumors. Valuing the information you receive from us, we bring you the real truth backed by careful research and reliable sources.

Those who still believe new notes have GPS chip then below meme is for you guys:-