Fee collection for any education institute is critical task. There are multiple parameters which define fee of the student.
|1||Category||Fee of any course may vary according to category of the student. Open category, SC/ ST student, Physically Handicapped students would have|
different fee structure
|2||Granted and Non Granted Course||According to type of the admission and course if certain course is granted by the University then fee student can be different compared to|
non granted course
|3||EBC||Economically backward candidates get fee grant from the government so fee to be paid by such students is limited to certain deposits and|
other fees including library fee.
|4||Out of State Students||In case of state bound courses fee for outside state candidates can be different compared to fee for the state bound students.|
|5||NRI Candidates||NRI applicants fee can be larger compared to Indian applicants for the education course.|
|6||Male/ Female||In some of the courses fee ma get varied according to gender of the candidate.|
|7||Subject Selection||In some education courses fee for the course/ semester can be varied according to selection of elective courses.|
|8||Semester wise Fee||For some courses where examination is held semester wise, fee collection is 6 monthly activity to be carried out by the institute.|
|9||Installment Option||In some of the courses ,education institute might allow installment option for the student where student can make payment of 25% fee and pay|
remaining fee at later time.
|10||Caution Deposits||Certain fee component is associated with deposit and need to be returned to the student after completion of academic year.|
Above mentioned parameters make fee collection task complicated and need to be managed properly. Manual management of fee collection and keeping track on pending fee by the students along with deposits can be tricky.
In order to save cost and improve process of fee collection, ePravesh has introduced features to automate the process of Challan generation and individual student fee payment using online payment, dd payment and Challan options.
Many education entities have started using automated fee collection of ePravesh. It has helped them to reduce cost and simplify the process. Getting analytics like category based reports, batchwise reports, information required to be submitted to the govt entities has become easier task with the help of automated fee collection process.