No, there is no chip in the Rs. 2000 note. This is what they look like

Currency notes of Rs 500 and Rs 1,000 denomination that are currently in circulation will no longer be legal money and cannot be used as medium of exchange from Tuesday midnight, as Prime Minister Narendra Modi in a surprise move clamped down on black money as well as counterfeit notes in circulation. Instead, the Reserve Bank of India (RBI) will issue new Rs 500 and Rs 2,000 currency notes.

Here is what the new currency notes look like:

1) The new Rs 2,000 note: The RBI will issue Rs 2,000 denomination banknotes in the Mahatma Gandhi (New) Series, without the inset letter, bearing the signature of RBI Governor Urjit R Patel, and the year of printing '2016' printed on the reverse of the banknote. The new denomination has the motif of the Mangalayan, the country's Mars probe, on the reverse. The base colour of the note is magenta.

New Rs 2,000 note (Photo: @RBI)

2) The new Rs 500 note: The RBI will issue Rs 500 denomination banknotes in Mahatma Gandhi (New) Series with inset letter ‘E’ in both the number panels, bearing the signature of RBI Governor Urjit R Patel, the year of printing '2016’, and the Swachh Bharat logo printed on the reverse of the Banknote.

New Rs 500 note (Photo: @RBI)