Today Indian Finance Minister, Arun Jaitley has confirmed that the new 2000 Rupee Note launching today will not be having any kind of Global Positioning System (GPS) Tracking Chip present in it. Thiss statement was made after a hoax message was seen floating all over prominent social media platform WhatsApp.

If you are a daily WhatsApp user then you might have come across a message that stated that the new 2000 Rupee note going to be issued on 10th of November 2016 i.e. today will be coming with inbuilt GPS Tracking Chip in it so as to eradicate black money completely. Now, that sounds quite “more than true” to our ears but then too people tended to believe on it. Seeing the increasing number of people complaining about it finally, the Finance Minister of our nation spoke up on the matter when asked by a journalist. He stated, “From where did you come to know this? I haven’t heard of it”.

New Rs 500 and Rs 2000 doesn't have any GPS chip - FM Jaitley
New Rs 500 and Rs 2000 doesn’t have any GPS chip – FM Jaitley

Now, this is an official statement that nulls and voids the message you must be watching all over WhatsApp first being spread by hoaxers then by citizens of the nations unknowing of the fact of it not being true.

People also started considering it as true because it has the picture of “Magalyaan” at the back of it but it is nothing more than a tribute to the legendary spacecraft.

That’s it!

Embedding every currency note even that of 2000 denomination is not technically feasible as at first it will increase the cost of printing those so that the circuits don’t break if the notes accidently tear apart and secondly it is also impossible to track each and every currency note that too by Government constantly.

New 2000 and 500 rupee Note
New 2000 and 500 rupee Note

For those who still haven’t read the hoax message can read it below :

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 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 cant 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

The above-mentioned message is a complete hoax message and should not be relied on. If you come across anyone sharing this kind of messages and asking you to forward them then don’t do so and also make the counterpart aware of the truth.

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