Delhi University’s SRCC College has gone cashless from 11th January, 2017 onwards.
One of the first colleges in Delhi University, and in the nation's capital, to go the cashless way is the Sri Ram College of Commerce (SRCC), which is now using digital methods for all its transactions from payment of fees to transactions in the canteen.
Officials said that Arjun Jaitley, the Union Minister, launched Vittshala – the financial literacy cell of the college, and on 10th January a two-day awareness programme called “Digi-mela” aimed at making this transition smooth.
Professor Anil Kumar, convenor of Vittshala said that the college will now be completely cashless and all the students, teachers and staff members will also be explained how to make Aadhaar based payments.
SRCC will be the first institute from the national capital to go cashless. Professor Kumar further added that ranging from the college canteen to the famous Irfan’s, all are going cashless and the interns of Vittshala will be explaining all the students of the five possible methods of digital transactions and will also ensure that all the vendors have the right resources and knowledge of the same.
The five ways of digital transactions that the financial cell has mentioned are SBI Buddy (e-wallet by SBI), Paytm, BHIM (a unified application by the Indian government), Aadhaar Enabled Payment System (AEPS) and USSD Banking Service.