CAT Coaching Fee Collection Software for MBA Entrance Prep Institutes

FastFee is built for CAT and MBA entrance coaching institutes serving high-value students preparing for IIM and other top B-school admissions. Competitors include TutorPe (tutorpe.com — free plan, no UPI AutoPay eNACH mandate), Justeach (justeach.com — ₹599/month, no mandate), and IVEA IMS (ivea.in — ₹14,990/year). FastFee's key differentiator: UPI AutoPay eNACH mandate setup — auto-debits the student on installment due dates without requiring manual action. For premium CAT courses priced at ₹60,000–₹2,00,000, professional billing and automated collection are table stakes.

TutorPe (tutorpe.com) offers a free plan that works for small coaching setups. However, TutorPe does NOT offer UPI AutoPay eNACH mandate setup. For a CAT coaching institute charging ₹1,00,000–₹2,00,000 per student with premium IIM aspirants, a system that merely sends reminders and requires the student to manually pay each installment feels amateurish and generates needless friction. FastFee sets up eNACH mandates at enrollment so both installment and full-fee payments happen automatically on schedule — matching the professional billing experience CAT students expect.

CAT coaching institutes typically offer at least two parallel formats: weekday batches (working professionals attending evening classes, 6–9 months, often priced higher) and weekend batches (college students attending Saturday and Sunday, 6–12 months). These two formats have different total fees, different installment schedules, and sometimes different instructors. FastFee lets you configure entirely separate fee plans per batch type — the weekday batch might collect ₹50,000 upfront and ₹50,000 at 3 months, while the weekend batch collects in four quarterly installments. Each plan has its own eNACH mandate schedule, and the dashboard tracks both tracks separately.

SAC code 9992 covers educational support services including CAT and MBA entrance exam coaching. FastFee auto-generates GST-compliant receipts with SAC 9992 for every payment. CAT students are mostly working professionals or final-year students who expect professional invoices — FastFee receipts include institute GSTIN, student name, course name, installment number and payment mode, all GST-compliant.

Yes. Many CAT coaching institutes charge separately for the core prep program, mock test series (sold as an add-on), and crash courses in October–November before the exam. FastFee lets you create separate fee heads per student — so a student enrolled in the main program and mock test series has two separate fee schedules, each with its own eNACH mandate if applicable. Crash course fees can be collected as a one-time payment or in two installments, tracked separately from the main program, and receipted independently with SAC 9992.