For schools, it is a welcome move because it would not hamper their workflow much. Radhika Rajwade, director of Centre Point School, said, “It’s a fantastic move and we are fully prepared to handle the shift to non-cash mode of payments. While the option to pay through other means has always been available, many parents prefer to deposit fee in cash. In India, cash transaction is a way of life so it will take some time for people to change. Thankfully, with CBSE moving in this direction it will make it easier for us to implement it.” Rajwade’s group offers parents facility of direct EMI style ECS deductions from bank accounts as well, putting an end not only to long lines but also to remembering the due dates.
Anmol Badjate, principal of Jain International School, said, “This decision will greatly increase the ease and clarity of handling finances of schools along with providing a big support to demonetisation move of government. First, the workload of our accounts department will decrease. Second, now there won’t be any confusion about lost deposit receipts etc as transactions will move through digital routes.” As of now every school offers non-cash method of fee payment, especially since the November 8 announcement by Prime Minister Narendra Modi.