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Thursday, November 10, 2016

No electronic chip in Rs. 2000 notes, All banks will work on Nov. 12th and 13th

No electronic chip in Rs. 2000 notes: RBI
All banks will work on Nov. 12th and 13th Sat, Sunday
New Delhi/ Mumbai: The Rs. 2,000 notes that will enter into circulation from November 10, 2016 will not have any electronic chip, the Reserve Bank of India clarified on Wednesday, 9th November 2016.

RBI also said that all banks will work on Saturday 12th November and Sunday, 13th November 2016, so that customers should not face difficulties in the backlash of demonitisation of old currency nots of Rs.500 and 1000..

“The only security features of the Rs. 2,000 note are the ones we have mentioned in our releases regarding the note,” an official in the Reserve Bank of India told . “The release is also on our Twitter account and it does not mention any chip.”

The rumour of the inclusion of a tracking chip in the notes went viral on social media and WhatsApp hours after Prime Minister Narendra Modi announced the demonetisation plan on Tueday, 8th November 2016..

The security features of the Rs. 2,000 notes include latent images, coloured strip security threads, watermarks and several other features.

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