We collect fees/charges for Educational Institutions/Universities/Colleges/Schools /Examination Boards pan India.
MODES OF COLLECTION of Fees
Student logs into the Institute’s fee payment module and fills in the desired fields of information on their website after which it is directed to the Bank of India fee payment portal.
Payment through Internet Banking
Student selects Bank of India or any bank having his account and logs in with the correct credentials after which he proceeds with entering the payment. After successful payment, he receives the successful receipt information online.
Payment through Credit Card
Student selects the credit card (VISA / MasterCard/RuPay) and proceeds with the information / OTP details for the payment through secure VISA/MasterCard/RuPay payment system. After successful payment, he receives the successful receipt information.
Payment through Debit Card
Student selects the payment through Debit card of any Bank and is directed to the Debit card secure payment gateway where he enters the authentication information. After successful payment, he receives the successful receipt information.
NACH Debit Mandates drawn on any Bank is to be collected by the school authorities from each student/parents and handed over to us. These mandates would get registered with respective banks centrally and electronically through NACH platform of NPCI. On pre-decided fee collection dates, transaction file is created and uploaded on NACH platform for debiting students’ account in respective banks, collected fund is credited to the School/s account along with detailed MIS.
Benefits to Colleges / Universities / Institutions:
Benefits to Student/Parents
Other services for educational institutions:
One of our major services offered is tax collection for various state/central government departments.
e-payment(Direct & Indirect taxes)
e- remittances, RTGS,NEFT
e-Payments through Payment Gateway
Modes of e-Payment
Anybody availing loans from Bank of India and opting to pay EMI from Bank account of any other bank can do so by just giving an ECS/NACH mandate to the branch from where he has availed the loan. These mandates will get registered with respective banks electronically. On the date of EMI repayment, a transaction file will be run for debiting the account for which Mandate has been given and crediting the loan account. We have released the facility on Pan India basis.
Benefits to the Customer:
Customer need not to be worried about payment of EMI on a particular date and spend his time for depositing amount of EMI. His account with other bank will be debited and loan account with us credited automatically.
Bulk Cheque Printing Facility is provided to Corporates/Institutes needing to pay large number of beneficiaries frequently/on regular basis.
The cheques are printed by the Bank on behalf of the client on the basis of soft copy of the instructions containing the name of the beneficiary, date, amount, instrument No. received in encrypted password protected format.
Additional details such as covering schedule and structured acknowledgement are also printed, if requested by the client.
The digital signatures of the authorized signatories are also printed making the instrument alteration proof.