Tuesday , 6 December 2016
Breaking News

RBI’s new Rs 2000 note has no GPS-nano chip, contrary to rumours

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.

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.

The post RBI’s new Rs 2000 note has no GPS-nano chip, contrary to rumours appeared first on .