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About Fee/EMI Collections
If you are an institution providing an online as well as offline service and need to collect fees or EMI from your customers, AU Bank provides you multiple Fee/ EMI Collection services. With the help of an example, we have explained below the kind of options that you can choose from (either one or all).
X Education Institute provides online and classroom education to students and wants to collect payments received as application form fee, enrollment fee, monthly tuition fee and transport fee. Here are the modes of payments available for them:
Cash at Branch – Sell forms at branches and take challan for cash deposit at branch counter for tuition and transportation fees
Cash at Office – Collect cash at the office and use doorstep service, wherein bank collects the cash from office and deposits in account
Cheque – Cheque deposit for enrollment and fees with challan at branches or at institute’s office
PoS – Collect fees at the office using PoS terminals
Payment Gateway – Get the payment link setup at your website for selling forms and collection of fees by payment gateway wherein parents of the students can make payments from the convenience of their home and office any day, any time using net banking of various banks, debit card, credit card, UPI and wallets
In 2016, after the demise of her husband and two sons, Hema took charge of her husband’s Motor Driving School. AU Bank transferred the car loans in her name and provided support when Hema needed it the most. After one year, Hema became independent and her business is running better then before. She is also providing employment to four drivers in her Motor Driving School.
Owner - Motor Driving School
Raju Bhai a progressive farmer who hails from a village near Ahmedabad had understood that dependence on agriculture alone for livelihood will never be enough to fend for his family. AU Bank extended support and gave wings to his aspirations by catering to his financial requirements.
Raju Bhai is earning handsome surplus, besides the income from his agriculture income. He has a well-settled pick-up vehicle business with three vehicles and two drivers who are paid 8000 each.
Owner - Pick-up Vehicle
AU Bank was very quick. The customer service was very cheerful and helpful there. They sort everything very nicely.
Manohar Singh Rajawat
Vikas Soni, a teenager from Navalagarh — a small town in Rajasthan, has seen the hardships his father underwent to raise a family. The agricultural income was never enough to feed the family of 12 members.
All of 14, he dropped out of school and started working as a labourer. He tried his hands at selling milk and other avenues for income generation, but did not succeed. However, it did not dampen his spirits. “AU helped me when I decide to buy a pick-up van for my business in 1999,” says Vikas.
Since then there was no looking back for this progressive man. Today, Vikas owns 3 pick-up vans, runs an event management business, where he supplies flowers and makes music arrangements (DJ) at weddings, hotels and other events in and around his village.
Today, he is financially independent and is doing well.