In a circular dated 10th December 2016, the Secretary of Central Board of Secondary Education (CBSE), Mr. Joseph Emmanuel has asked all CBSE affiliated schools to go cashless.
Citing the benefits of cashless transactions and informing about the e-payment facility for collection of a variety of fees by the board, he has asked schools to introduce cashless fees collection from students ONLY online or though non-cash mode from the next quarter commencing from January, 2017 onwards.
Gaurav Mundra, the CEO of myly School Mobile App with ERP Features, welcomed the move and said that myly was fully geared to help schools go cashless. myly Fees management allows schools to collect fees through credit/debit card, net banking and PayTM wallet. The myly Fees management system also allows collection of cheques at the school counter.
He informed that the package was available at a special discounted price of INR 5,999/- till 31st December 2016 for all schools.