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CBSE Affiliated Schools to go Cashless from Jan 1st 2017 | Check Details

CBSE Affiliated Schools to go Cashless from Jan 1st 2017

Latest news has been announced that all CBSE Affiliated Schools to go Cashless from Jan 1st 2017. As, Board Secretary “Joseph Emmanuel” has issued a letter to the principals of CBSE schools in which he mentioned “With a view to minimize cash transactions at schools, all CBSE-affiliated schools shall introduce online fee collection or through non-cash mode from the next quarter commencing from January 2017.” After this great news by board secretary you don’t have to stand in long queues of banks for depositing the fees of your students.

CBSE Affiliated Schools to go Cashless from Jan 1st 2017

By this news many of the school principle have given their views as CBSE board is now appreciating this scheme. Also, it will create fewer burdens on Accounts Departments. This decision by board will support PM Narendra Modi decision to become a CASH LESS INDIA. Many of the schools principle were on the path to start cashless transaction but still they are waiting for the right time to com. But after this notice not only CBSE board but also many of the institutes also started cash less transaction and they welcomed this scheme very happily.

CBSE Affiliated Schools to go Cashless from Jan 1st 2017

Benefits of Cashless Transactions:

The benefits of cashless transactions are enormous let’s discuss them in details-

  • Biggest benefit is that you don’t need to carry bundle of cash, plastic cards, or even queue up for ATM withdrawals.
  • Discounts are also provided by the government to promote digital transactions.
  • If all transaction go through digital mode than it will become easy to track people.
  • The written record of all transactions will help you to be in your budget and this will result in better budgeting.
  • It will also create less risk as if cards get stolen it easy to block them.

How to create awareness to make India cashless:

  • This can be done by creating parent teacher meeting in schools. So that everyone can see its importance and can go one step ahead to make cash less India.
  • Organizations can also organize various workshops campaigns and seminars to welcome the benefits of cashless transactions.
  • Make India aware about Paytm, so that transactions can be done in ease.

Hence, from the all we conclude that our India should go towards cashless/ plastic money so, that neither corruption can be done nor black money can’t be operated. India should welcome PM Modi’s decision and should happily contribute their best to make our India again at the top list. Hope, you get to know much about Cashless transactions. For more related updates, stay connected with our web portal that is

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