Oil Valley Girls' & Boys' School

Fee Policy


 

  1. ALL FEES ARE PAYABLE IN ADVANCE BY CASH/CHEQUE/DD on Quarterly Basis by the 5th of the first month of a quarter.

  2. No Letter or reminder will be issued by the school in this respect unless there is some specific reason or change in the schedule.

  3. If a fee in respect of any student is not paid in full by 5th of a schedule month a fine of ₹ 10/- per day on per ₹ 1000/- will be charged up to the end of the month. After the end of the month for which the fees is not paid, the student’s name will be struck off the rolls and the student may be re-admitted only at the discretion of the Principal on payment of all arrears and a fresh admission fees as well as fine of Rs.200/-.

  4. If Annual Charges in respect of any old student is not paid in full by 31st of March, a fine of ₹ 20/- per day will be charged up to 30th April. After the end of April, if the fees is not paid, the student’s name will be struck off the rolls and the student’s may be re-admitted only at the discretion of the Principal on payment of all arrears and a fresh admission fees as well as fine of ₹ 200/-

  5. Fees can be deposited in advance for any number of Instalments, or for the full session, if so desired.

  6. Fees can be paid by A/c. payee demand draft/ cheque drawn in favour of OIL VALLEY GIRLS’ & BOYS’ SCHOOL, DIBRUGARH. (Outstation cheque shall not be accepted) All writings on the cheque should be legible and free from any overwriting or deletions and should be duly signed and carefully filled. On the reverse of the cheque, Admission number, Name, Class and Section of the students must be mentioned.

  7. Dishonoured cheques, as per law, will entail action. All future payments from defaulting parents will only be accepted through Demand Draft. In case where cheque for any payment is dishonoured by the bank a penalty of ₹ 500/- will be charged.

  8. Fee slip is an important document that must be kept safely by the parents. In case of loss, a duplicate Fee slip will be issued from the Accounts Section on payment of ₹ 100/-

  9. Cheques will only be acceptable for Admission, Security, Annual charges & for Instalment and Bus fees.

  10. In case of doubt regarding the payment of any dues, parents/guardians are advised to make the payment first and then clarify the matter in the school office.

  11. Parents should kindly keep the Fee receipts in safe custody and produce these to the school in proof of their payment or else they may quote the Fee Receipt No. in the Almanac of the student for ready reference.

  12. All dues before Half-Yearly and Final Term including Instalments, Store and Miscellaneous should be cleared to get NOC/Admit Card for the said Exams.

  13. If any Parent requires any Certificate i.e. Transfer Certificate, Bonafide Certificate etc, a sum of ₹ 100/- is to be deposited per certificate.

  14. Security/Caution Money deposit is refundable without interest on withdrawal.

  15. Fee waiver in case of sibling (Second child only) will be 5% in Tuition fees.

  16. One time payment of yearly fees will attract 2% discount in Tuition fees, and a discount of 1% is admissible for quarterly payment of fees.

  17. The school fee is only payable in CASH/DD/Cheque in the School Account Office or the referred banks or pay online. There is no facility to collect DD/Cheque other than the school office.

  18. School's Bank a/c with United Bank of India, Bairagimath Branch A/c No :- 2042010011699

  19. Payments is received from from 9:30 am to 12:00 pm on all working days.

  20. Fee once paid is not refundable for any reasons whatsoever.

  21. Old arrears will not be settled on the day of the PTM or 5 days prior or after the instalment due date (i.e. Nursery to I - 10th of February, May, August, and November; & II to X - 10th of April, July, October, and January). Only Fees will be accepted during these days.

  22. If a Parent doesn’t pay tuition & transport fees together, late charges will be applicable for transport fees also. (Ex. Tuition fees paid on 5th of respective month and if a transport fee is pending, late charges will be applicable on transport fees also).

  23. Parents are requested to deposit the fees in Bank/online transfer with the late fee amount else late charges will be added to the account.

  24. School does not encourage Students to carry School Fees amount to the School. The School does not take any responsibility for any loss of money during travelling in Bus or in the Classroom.