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Frequently Asked Questions

Here's what you need to know about PayMyFee, based on the questions we get asked the most.

We follow a 'T + 2' settlement cycle, meaning the payment will be settled into your bank account in 2 working days from the successful transaction date. This is the same bank account details of which were provided in your KYC documents.

Generally an identity proof with photograph and an address proof are the two basic mandatory KYC documents that are required to establish one's identity.

For KYC, one needs to upload copies of PAN Card, Aadhar Card & a Cancelled Cheque (without signature).

The objective of KYC guidelines is to prevent businesses from being used by criminal elements for money laundering activities. It also enables businesses to understand their customers, their financial dealings so as to serve them better and manage its risks prudently.

For KYC, one needs to upload copies of PAN Card, Aadhar Card & a Cancelled Cheque (without signature). If someone does not upload the KYC documents, settlements to the partner Institute will not happen & shall be withheld. To start settlements to your bank account, we need your bank account details & your PAN details.

Students can be added one-by-one or imported from an Excel file. Format of the Excel file can be found in the panel itself.

Unlimited. There is no limit on the number of students you can add or import.

Students will receive an SMS with their login details on their mobile phones immediately after their account is created in the system - either when you import student details in to the system or when you create their account individually.

Unlimited. There is no limit on the number of Courses, Programs or Batches you can create.

No. You can copy the fees structure & rename it as per your needs. You can also modify, add or remove fee heads if needed in the copied fees structure.

PayMyFee supports & accepts payments from all major Credit & Debit Cards (VISA, MasterCard, RuPay, AMEX, Diners), Internet Banking (All major Indian Banks), Mobile Wallets (Paytm, Mobikwik, JioMoney, etc.), UPI & Prepaid Cards. PayMyFee also supports acceptance of International payments.

From the PayMyFee Blog

Some quick reads from our official blog. Handpicked for you.

PayMyFee vs traditional fee collection process. Why Institutes should start using PayMyFee?
PayMyFee vs traditional fee collection process. Why...
The gradual development of technology along with its vast stretches of contribution towards making life easier can never go unnoticed. Gone are the days of the traditional fee collection process. While schools and colleges are advancing to an internet-based system of education, why the fee collection system should be any different? Introducing PayMyFee - a noted fee management software that has revolutionized the aspects...

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How does Online Fee Collection help the Institutes?
How does Online Fee Collection help the Institutes?
The current pandemic has already brought several well-thriving organizations to knockdown on their knees, among which educational sector too holds a share. And such condition left them no other option to keep it going than to rely on digital solutions. Though the institutions are rendering their services via online teaching but when it comes to collection of fees, they are facing much hassle. Moreover, the current...

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The Future of Online Fees Payment
The Future of Online Fees Payment
With the unfortunate rise of corona hazard, the world of education has been compelled to bring about a huge shift in paradigm, from classroom learning to online learning. Consequently, the students are asked to pay their fees through an online fee collection system. PayMyFee is a one stop solution for all kinds of online fee submission. This fee payment portal enables the students and the institutes to transact online...

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