RBI’s Website Crashes Following Rs 2,000 Withdrawal
The Reserve Bank of India’s (RBI) official website crashed on Friday due to heavy traffic triggered by the central bank's demonetisation orders withdrawing Rs 2,000 banknotes from circulation.
The website, rbi.org.in displayed only a crashed web page yesterday.
The increased public interest in the RBI’s website could be gauged from the November 2016 demonetisation exercise when Rs 500 and Rs 1,000 bank notes were withdrawn with immediate effect and ceased to be legal tender. However, Rs 2,000 banknotes will continue to be in legal tender.
RBI has ordered an immediate stop on issuing Rs 2,000 denomination notes and notified 30 September 2023 as a deadline for the currency return.
Meanwhile the announcement is dragging masses at ATMs and petrol pumps. Banks will exchange the high-end currency note with a maximum limit up to Rs 20,000 from 23 May 2023.
