How NGC will work on new India Rs2000 currency note

Nov 9, 2016
Rs500 and Rs1000 no more valid from today.
Rs500 and Rs1000 no more valid from today.

The Rs2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs2000 currency note is embedded with a NGC (Nano GPS Chip).

How NGC 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 can’t be tampered with or removed without damaging the currency note

How will this help eradicate black money menace?

Since every NGC embeded 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.