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.
Schools have to brace themselves for less-cash (if not cashless!) days ahead. After many years of taking most of their fees in cash, schools now face the situation of demonetization. CBSE has already mandated that its affiliate schools will not be able to collect fees in cash much longer and that dominates a large chunk of the private school market.