Fees Installments

Fee Installments

Installment is permission to pay fee in parts. Installment can be given either be given to few students on request or in some scenarios to the entire batch installment facility can be provided.

While giving installment finance admin can do breakup of fees by his/her own. Also date for paying installment can be defined.

Paying future installments is also possible even if date is not active.

Role

Finance Admin

Path

Finance Admin >> Fee >> Academic Fee Fixation

Finance Admin >> fee >> Academic Fee Invoice

Terminology Used

Installment- Facility given to do partial payment for entire batch ore few students depending on need of Institute.

Installment Date- Date up-to which installment is to be paid.

Inputs Needed

Number of installments

Installment Date- Date up-to which installment is to be paid

Installment Amount

DD/Cheque no , Bank, Branch, Date of cheque(If already given)

Late installment charges

Late installment charges on - Day/Month

Late installment account

Admission type (In case of installments are given for entire fee structure)

Functionality

Adding student wise installment

Adding installment in fee structure (For entire batch)

Step by Step

1. Installment from fee structure- In some scenarios installment are given to all students. In such cases installments can be formed directly at fee structure rather than configuring student wise installment.

Go through below path and select installment configuration option from fee structure.

Installment configuration

Installment wise amount

Installment History

Student Side- Fee payment

Student side- Installment view

2. Student wise installment- In many scenarios installments are given to individual students by taking application and after verification of all the necessities. In such cases installments are given at student level rather than applying it to entire fee structure.