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Friday, November 11, 2016

"RBI 2000 Rupees Note Features Show NGC GPS Tracking Chip"

Verdict :

Possible time of origin : November, 2016

Circulation platforms : Whatsapp

Circulation geography : India

Original Message Version Under Analysis:
RBI to issue ₹2000 Rupees Notes coming February 2017India 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.
Just a beginning of the end of black money in India 
 Analysis by Merofact Awareness Team:

RBI has now released the new 500 rupees and 2000 rupees notes, but even before PM Modi's big announcements on Tuesday on banning old 500 and 1000 rupees note, there were variations of above messages going around on WhatsApp talking about the new 2000 rupees note having a 'nano GPS chip' - aka NGC - that can be used to track the notes using sattelite. This is a hoax. The RBI’s own description for the Rs 2000 note does not mention this NGC 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.