RBI’s New Rs. 2000 note Has No GPS Tracking Chip, Arun Jaitley Confirms
2000 note :
The Rs. 2000 note that will go into dissemination from November 10, 2016 would not have any electronic chip, the Reserve Bank of India cleared up on Wednesday.
“The main security components of the Rs. 2000 note are the ones we have specified in our discharges with respect to the note,” an authority in the Reserve Bank of India told The Hindu. “The discharge is likewise on our Twitter record and it doesn’t specify any chip.”
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The talk of the consideration of a following chip in the notes turned into a web sensation via web-based networking media and WhatsApp hours after Prime Minister Narendra Modi reported the demonetization arrange.
The security elements of the Rs. 2000 notes incorporate inactive pictures, shaded strip security strings, watermarks and a few different elements.
The gossip of the consideration of a following chip in the notes turned into a web sensation via web-based networking media and WhatsApp hours after Prime Minister Narendra Modi reported the demonetization arrange.
Back Minister Arun Jaitley has affirmed what we let you know on Wednesday – RBI’s new Rs. 2000 note has no GPS chip.
“From where did you come to know this? I haven’t knew about it,” Jaitley said when inquired as to whether the new Rs. 2000 note issued by the Reserve Bank of India (RBI) has a chip to empower its following by means of satellites.
That is legitimate affirmation for something we as of now let you know on Wednesday, scattering bits of gossip coasting on WhatsApp and other web-based social networking that RBI’s new Rs. 2000 notes have a ‘close field GPS’ or NGC chip that will be utilized to track these notes.
We clarified how the innovation that these new Rs. 2000 notes being issued by RBI are “asserted” to have would be in fact not doable. This is the thing that a well known WhatsApp forward being flowed guaranteed about the new Rs. 2000 money:
RBI to issue ₹2000 Rupees Notes coming February 2017
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India is good to go to add one more category to its monetary forms in the blink of an eye. The Reserve Bank of India (RBI) will be issuing Rs 2000 cash notes, the most noteworthy to come into flow, even as a few specialists’ feel7 high-esteem divisions ought to be ceased to check black money.
The Rs 2000 coin is composed remembering to annihilate the black money issues utilizing best in class indigenous nano innovation, each Rs. 2000 money note is installed with a NGC (Nano GPS Chip)
How the implanted NGC Technology Works?
The extraordinary component of the NGC is it needn’t bother with any power source. It just goes about as a flag reflector. At the point when a Satellite sends a flag asking for area the NGC reflects back the flag from the area, giving exact area organizes, and the serial number of the coin back to the satellite, along these lines each NGC implanted cash can be effectively followed and found regardless of the possibility that it is kept 120 meters subterranean level. The NGC cannot be altered or expelled without harming the coin note.
In what capacity will this kill black money danger?
Since each NGC inserted coin can be followed. The satellite can recognize the correct measure of money put away at a specific area. In the event that a moderately high convergence of cash is found a specific area for a more drawn out timeframe at suspicious areas other than banks and other budgetary foundations. The data will be passed on to the Income Tax Department for further examination
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Only a start of the end of black money in India.
