RBI’s new Rs 2000 notes do not have a Nano-GPS chip

RBI's new Rs 2000 note does not have a Nano-GPS chip as is being claimed on social media, WhatsApp.

By: Tech Desk | Updated: November 13, 2016 9:34 am
Rs 2000 nano-GPS chip, Rs 2000 note security features, RBI Nano GPS chip, RBI black money, RBI Nano GPS chip in Rs 2000 note ,Rs 2000 note, Rs 2000 note GPS nano chip, Rs 2000 note in India The new RBI Rs 2000 note does not come with Nano-GPS chip. Rumours claiming this are totally false and baseless.

The government of India has demonetised the current Rs 500 and Rs 1000 notes, but it plans to replace these with new Rs 500 and Rs 2000 notes. However, rumours are spreading about the upcoming Rs 2000 note, with messages being circulated on WhatsApp which claim the new higher denomination currency comes with a Nano-GPS chip installed on it.

The message claims these notes are embedded with Nano-GPS chips which act as a signal reflector, giving precise location coordinates of the currency in order to allow every note to be tracked. Apparently the chip is so strong that one can track these Rs 2000 notes even if they are kept 120 metres below the ground level, according to the message.

WATCH: Serpentine Queues Outside Banks To Exchange Rs 500, Rs 1,000 Notes

It also claims the chip will also help identify if too many of these notes are kept in one place and alert the relevant authorities. Thus the government’s new note will help curb corruption and discourage people from hoarding black money. Except if you read the message, you can figure out this is a hoax.

Grammatical mistakes aside, the RBI’s own description for the Rs 2000 note does not mention this magnificent chip anywhere. Also at the press conference, this question was raised about the supposed GPS chip in these Rs 2000 notes and the so-called security measures. The RBI officials had dismissed these as false.

One of the messages which has been shared with us reads like this. Note we’ve left the message as it, and not edited it for grammar.

Also read: Demonetization: Snapdeal and FreeCharge launch ‘Wallet on Delivery’ option

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.

WhatsApp was where these messages were circulating, even before demonetisation was officially announced by the government. On Twitter too, some tweets have been shared with these claims, although quite a few people have been making jokes about the so called GPS claim.

The new Rs 2000 note does come with a motif of Mangalayan on the back, and it has special features for the visually impaired as well. But Nano-GPS chip is nowhere close to the truth.

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First Published on: November 9, 2016 6:19 pm
  1. L
    Jan 28, 2017 at 6:05 am
    Very good Liked LAXMINARAYANA KAZIPET Yogacharya
    1. S
      Nov 9, 2016 at 4:50 pm
      Now a fair compeion in business,
      1. O
        Nov 11, 2016 at 5:17 pm
        What's the authenticity of zee news reporting.. if you are correct than, zee news must apologise for spreading such hoax.
        1. P
          Nov 10, 2016 at 6:10 am
          In singapore, no one is take these notes. Even sbi singapore has stopped it. If gov has given instructions, sbi must have to take. I don't know where to go now. I agree that it's a very good and bold decision but i think some measure shud also be taken to deal with it.
          1. S
            Nov 9, 2016 at 1:47 pm
            1. A
              Nov 19, 2016 at 10:01 pm
              1. S
                Nov 10, 2016 at 6:30 am
                Why media is worrying about chips and getting statements from the Governemnt and on whose behalf. No honest tax payer is worried about it. Only the black money holders want to get this secret information.
                1. B
                  Bijan Mohanty
                  Nov 10, 2016 at 6:04 pm
                  Who is spreading such false and baseless news? What about zee news broadcasting?
                  1. D
                    Nov 21, 2016 at 5:14 pm
                    Cant we bear small trouble of standing in a bank line to change India. To demolish all fake money, black money and Terror funding???? lt;br/gt;lt;br/gt;What the pain we get in standing in a queue is nothing with respect to its advantages we are going to get. lt;br/gt;lt;br/gt;lt;br/gt;lt;br/gt;lt;br/gt;lt;br/gt;lt;br/gt;All corrupts Politicians, all terrorists, all corrupt Media, Corrupt judges are united against India's greatest move. Do you want them to be successful? If not, then keep supporting India and advise others to do so.
                    1. S
                      Nov 9, 2016 at 7:28 pm
                      Appreciate good work. He will deal with black money abroad too. Have he will strike when the time is right. Something is better than nothing , for now.
                      1. G
                        Nov 10, 2016 at 4:56 pm
                        Not really ! As a "common-man", I would like to understand is this banning and introduction of "new money" a long term solution. Doesn't look like it is - so digital money alone looks to be the only option - not sure when that will be a reality.
                        1. I
                          Ishan Ishan
                          Nov 9, 2016 at 6:01 pm
                          I think the TOI too published an article claiming the ₹2000 notes would have a tracker.
                          1. K
                            Nov 10, 2016 at 4:28 am
                            I am recurred tourist who goes to India for pilgramage every Dec for the past ten years. This sudden implementation of demonetising the Rs500 and 1000 has greatly surprised me and all my friends who go together in groups. Every year we have spent thousands of dollars in your country during our stay and therefore led to quite some left money in 500 and 1000 notes. I ume to use the money for the next trip. Now I have so little time to exchange the money to new notes and also with so much uncertainties and queries in mind!lt;br/gt; lt;br/gt;Can anyone help to p my queries to the responsible concerned authority or official in answering?lt;br/gt;lt;br/gt;1. I learn that tourist can exchange the old notes in airport. But my flight arrive only at night time, can I still get the exchange at that late hours?lt;br/gt;lt;br/gt;2. Any limit per person, as I have rollovered a bigger amount during the years?lt;br/gt;lt;br/gt;If I cannot exchange to new notes. I will have to suffer for a big loss! As a tourist, I cannot understand and accept a good new policy which supposed to be make positive changes to citizen but the not all rounded rules givng damages to tourists! lt;br/gt;lt;br/gt;Please help to resolve the problems quickly.
                            1. M
                              Dec 10, 2016 at 7:18 am
                              note bandi ins not solution to remove corruption ,there need apply Lokpal Bill in India
                              1. M
                                Nov 10, 2016 at 2:26 pm
                                Don't need your Appreciation. only need of the hour Rs.15 lakhs from Promise box to each and every Indians
                                1. M
                                  Nov 10, 2016 at 2:24 pm
                                  don't need your Appreciation. only need of the hour Rs.15 lakhs from feku to each and every Indians
                                  1. M
                                    Nov 10, 2016 at 1:21 pm
                                    may be max new Rs 2000 Rs.500 are in nagpur for the Upcoming elections in 2017 AD.
                                    1. M
                                      Nov 9, 2016 at 3:17 pm
                                      As a general Public. what about indians has $2.5 billion deposits in various Swiss Banks. Is any ideas feku blind bhakta to recover a $ 2.5 * Rs 66.53 = Rs 166.325 billions from swiss banks? idi8
                                      1. M
                                        Nov 9, 2016 at 2:45 pm
                                        for what purpose Rs 2000 is printing to curb counterfeit notes. Is counterfeit notes really curbed it?
                                        1. I
                                          Nov 10, 2016 at 4:46 am
                                          you can still visit State Bank of India or any other bank from India in your home country and exchange the currency notes with new notes / denomination. cheers..
                                          1. R
                                            Nov 9, 2016 at 2:39 pm
                                            BJP supporters hav proved that they can stoop to any low and lie to fool public. Hoax and false information is the signature of BJP guys.
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