In a surprise move, the government on Tuesday demonetised the Rs 500 and Rs 1,000 bank notes.
Finance Minister Arun Jaitley on Wednesday dispelled rumours of the Rs 2,000 note having a 'micro nano GPS chip' to enable its tracking through satellite.
"From where did you come to know this? I haven't heard of it," Mr Jaitley said when asked whether the Rs 2,000 currency note, being issued by the government, had a chip to enable its satellite tracking.
According to the rumours doing rounds on social media, the currency note carries a chip that makes it detectable when a pile is kept together, and it can be also tracked via satellite.
Mr Jaitley was talking to reporters here a day after the government in a surprise move demonetised the Rs 500 and Rs 1,000 currency notes.