[UPDATE : THIS IS JUST A RUMOUR]
So , The government has banned 500 and 1000 rupee notes . All older notes need to be exchanged with new 500 and 2000 notes across India. Read more about how ban of 500 and 1000 rupee notes will help India here.
In this article , we will tell you the technology used behind new notes of 2000 denomination. This technology will prove a nightmare to black money keepers, as the notes can be tracked by satellites.
In Pics: New Rs 2000 Note that will be issued pic.twitter.com/4NXhNOpxxA
— ANI (@ANI_news) November 8, 2016
Nano technology is used in Rs 2000 currency , which can be tracked by satellites. This technology is known as NGC (Nano GPS CHIP) , that will tell exact location of the note via satellite. Not just that , but serial number of the notes can be tracked easily using NGC technology. A satellite can detect these notes upto 150 Metres below the ground , so black money keepers will have to worry about how they will hide these notes. Such an art is used in these notes , that if anyone tries to tamper it , it will damage itself and becomes unusable.
NGC technology will helpful to track high concentration of these notes , which are other than banks and financial bodies and appropriate actions can be taken against such people.
Lets bid good bye to such black money keepers !