Rumours spread fast on social media and messaging apps

Rumours abound about the security features of the new currency notes in India.

The all-new Rs 2,000 currency notes hitting the market today are rumoured to be quite hi-tech, reports Times of India. Wonder what all technologies they are supposed to be embedded with GPS, nano-chip and camera, so claim the numerous messages doing rounds on WhatsApp. The high-value Rs 2,000 note with GPS nano-chip embedded is supposed to track the notes' location. The messages claim that the signal reflector in these chips share the precise location of the note. It is said to be so strong that it can be tracked even if the notes are kept 100 meters below the ground. Here's one of the WhatsApp message circulating:

Why RBI is issuing these 2000 Rupees Notes
The Rs 2,000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2,000 currency note is embedded with a NGC (Nano GPS Chip).

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 and located even if it is kept 120 meters below ground level. The NGC can't be tampered with or removed without damaging the currency note.

For those, still believing in the rumours, here's confirmation from Reserve Bank of India. RBI spokesperson Alpana Killawala told News18 that these rumours are nothing but "figment of imagination". She said that RBI has clearly detailed the security features of the new notes on its website. As per the salient features given on RBI's website the security features of the Rs 2,000 note include: Windowed security thread with inscriptions 'Bharat' (written in Hindi), RBI and 2000 on banknotes with colour shift. Colour of the thread changes from green to blue when the note is tilted. The notes are also visually impaired-friendly and include "Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines and identity mark".

On November 9, just hours after PM Modi announced the demonetisation of high-value notes, the Reserve Bank issued new series of notes for Rs 500 and Rs 2,000. The Rs 2,000 note, which is a first under the denomination, will be called the 'Mahatma Gandhi (New) Series' and has the motif of the low-cost mission to Mars, the Mangalayan, on the reverse, the RBI said. The base colour of the note will be magenta and the size of the note will be 66mm by 166mm.

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