*pls read till the end…
*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 feel7 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 embeded NGC Technology Works?*
The unique feature of the NGC is it dosent 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 cant be tampered with or removed without damaging the currency note
*How will this help eradicate black money menace?*
Since every NGC embeded 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*
New 2000Rs Note Embedded With Nano GPS Chip
Hoax or Fact:
A story doing rounds on free messaging service WhatsApp talks about the new Rs. 2000 Indian currency note to have a Nano GPS Chip i.e. NGC - that can be used to track the notes from anywhere in the world, via satellites. It claims that the embedded NGC chip in Rs 2000 currency notes will enable the Indian Government to easily track them and control black money transactions. As described below, the claim is a hoax!
Origin of Story
On 8 November 2016 Indian Prime Minister Narendra Modi announced that existing 500 and 1000 rupee notes are being demonetised, and they will be replaced by new 500 and 2000 rupee notes so as to prevent hoarding of black money. Earlier the Reserve Bank of India has even suggested that Fake Rs 1000 notes are in circulation. On 9 November, Finance Secretary Ashok Lavasa said that the new 500 and 2000 rupee notes that will be introduced will have "high security" features.
In the above scenario, Twitter was abuzz with pictures of several bundles of new pink-and-white colour Rs 2,000 notes, which happens to be the current largest currency denomination in India. The stories that the new 2000 rupee notes will be embedded with Nano GPS Chips (NGC) for tracking the location via satellite spread wide on WhatsApp and elsewhere online.
It is a fact that a 'nano GPS chip' technology exists, for example, this Nano Spider of the size 4.1x4.1x2.1mm is a fully-integrated, highly-sensitive GPS module. It is a miniature GPS receiver designed to support ultra-compact applications such as smart watches, wearable devices, trackers and digital cameras, and it continuously tracks all satellites in view, providing real-time positioning data.
But the current claims that such an embed of NGC chip in 2000 rupee notes can track their location via satellite and that too even "120 metres below ground level" seems to be exaggerated. Use of such a technology in numerous notes across India can cost too much to government. Moreover, according to an article on The Hindu Business Line website thehindubusinessline.com dated 21 October 2016, the new Rs 2000 notes have already been printed and their despatch has commenced. And the same day PM Modi announced the ban of Rs 500 and Rs 1000 notes, Reserve Bank of India (RBI) released some details about 2000 rupee note in new series; it does not mention any such embed of NGC chips for security or tracking:
Features of the New Rs 2000 Note
1. See through register with denominational numeral 2000 can be seen when the note is held against light
2. Latent image with denominational numeral 2000 which can be seen when the banknote is held at 45 degree angle at the eye level
3. Denominational numeral 2000 in Devanagari
4. Portrait of Mahatma Gandhi in the centre
5. Micro letters 'RBI' and '2000'
6. Colour shift windowed security thread with inscriptions 'Bharat', RBI and 2000. Colour of the thread changes from green to blue when the note is tilted
7. Guarantee Clause, Governor's signature with Promise Clause and RBI emblem towards right
8. Mahatma Gandhi portrait and electrotype (2000) watermarks
9. Number panel with numerals growing from small to big on the top left side and bottom right side
10. Ashoka Pillar emblem on the right
For visually impaired
11. Raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, based and identification mark
12. Horizontal rectangle with Rs 2000 in raised print on the right
13. Seven angular bleed lines on left and right side in raised print
14. Year of printing on the note
15. Swachh Bharat logo with slogan
16. Language panel towards the centre
17. Motif of Mangalyan - reflecting country's first venture in the interplanetary space
As the rumours of inclusion of tracking chip went viral, an official in the Reserve Bank of India told The Hindu (thehindu.com) that the only security features of the Rs. 2,000 note are the ones mentioned in their releases regarding the note. So the claims that the newly introduced 2000 rupee notes in India will be embedded with nano GPS chips to track their location via satellite are hoaxes.