Yesterday on 8th of November, 2016, Indian PrimeÂ Minister Sh. Narendra Modi had declared the currency notes denomination of Rupees 500 and Rupees 1000 Â as demonetized. Â Since then there are rumoursÂ on WhatsApp, Facebook and Internet about the New Currency Notes of 500 and 2000 denomination having NGC (Nano GPS Chip ). Â Recently RBI ( Reserve Bank Of India ) released images ofÂ new currency notes, are showing no sign of anyÂ GPS chip.
What are NGC ( Nano GPS Chips)?