No, the new Rs 2000 does NOT have a GPS-nano chip! Rumours have been doing the rounds that the government, RBI and intelligence agencies will be able to track the location of every Rs 2000 note because a GPS-nano chip in it. However, RBI officials have totally denied any such move. In a press conference held by the RBI soon after Prime Minister Narendra Modi announced that all older Rs 500 and Rs 1000 notes cease to be legal tender money, officials dismissed these rumours. Also, RBI has issued a list of salient features that would help people identify an authentic Rs 2000 note. The features put out by RBI do not not include any mention of a GPS-nano chip.
RBI will issue two sets of Rs 2000 notes, one with the inset letter ‘R’ and one without the inset letter. Both will be legal tender money. The new Rs 2000 currency note will have the signature of RBI governor Urjit Patel. It will also have the year of printing ‘2016’ printed on the reverse of the banknote. The new note, with magenta base colour, will have a Motif of Mangalayan on the reverse. This is meant to depict India’s first venture into the interplanetary space. The dimension of the banknote will be 66 mm × 166 mm.
Among other features it will have; see through register with denominational numeral 2000, Latent image with denominational numeral 2000, portrait of Mahatma Gandhi at the centre, Ashoka Pillar emblem on the right. Mahatma Gandhi portrait and electrotype (2000) watermarks. All these will be on the front of the currency note. On the back there will be the year of printing of the note on the left, and the Swachh Bharat logo with slogan, and language panel towards the centre among other features.