Maharashtra guv asks universities to go cashless, accept fees through online banking | mumbai news | Hindustan Times
Today in New Delhi, India
Apr 27, 2017-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Maharashtra guv asks universities to go cashless, accept fees through online banking

This means students will be able to pay their fees through online banking, debit and credit cards

mumbai Updated: Dec 01, 2016 16:36 IST
HT Correspondent
cashless economy

In a letter addressed to the vice chancellors of all 20 universities in the state, Rao has asked them to draw up a detailed time-bound strategy and adopt mechanisms to implement his order.(HT File Photo)

Maharashtra governor and chancellor of universities in the state Ch Vidyasagar Rao on Thursday asked universities in the state, and the colleges affiliated to them, to shift to electronic transfers or transactions while accepting fees from students or while dealing with stakeholders.

This means students will be able to pay their fees through online banking, debit and credit cards.

In a letter addressed to the vice chancellors of all 20 universities in the state, Rao has asked them to draw up a detailed time-bound strategy and adopt mechanisms to implement his order.

The direction comes in the wake of the central government’s push for cashless transactions to tide over the cash crisis.

Each university has also been asked to start a drive to create awareness among the students and their parents about the various methods of money transfers and electronic transactions.

“The governor has not set a date by when cashless transactions should be implemented, but he expects universities and colleges to adopt this system at the earliest. As of now, there is no deadline set as universities will need time to set up such mechanisms,” said a Raj Bhavan official.

The move is expected to bring about transparency in the functioning of state colleges as students and parents will now have records of each payment made to the universities, said the official.

Read

Demonetisation: Queues at banks start getting longer

Demonetisation: Fee payments in Maharashtra may soon go cashless

After demonetisation, Mumbai civic body takes steps to go cashless

Is Your Couch Making You Cough?
Promotional Feature