Question 1

What is medical college EMI fee collection software?

Accepted Answer

Medical college EMI fee collection software helps medical and dental colleges set up structured installment payment plans — splitting large annual MBBS fees (₹5–25 lakh/year for private colleges) into 2–3 installments — and auto-debiting each installment via UPI AutoPay eNACH mandates. FastFee is not a lending product; it helps the college collect its own installment schedule, not finance the student.

Question 2

How does FastFee set up MBBS fee installment plans?

Accepted Answer

For an MBBS annual fee of ₹12 lakh, FastFee can configure: 60% at semester 1 start (₹7.2 lakh due June 1), 40% at semester 2 start (₹4.8 lakh due December 1). Each installment gets a UPI AutoPay eNACH debit trigger. Students who set up mandates are debited automatically. Others receive WhatsApp reminders with UPI payment links.

Question 3

Can FastFee handle NMC-compliant receipts for MBBS installments?

Accepted Answer

Yes. Each installment collection generates an NMC-compliant itemized receipt showing the fee head (tuition fee, hostel, mess, examination fee), installment number, semester, and student quota (government/management/NRI). Receipts are auditable against the fee committee-approved structure — required for NMC compliance.

Question 4

Is FastFee an EMI financing product for MBBS students?

Accepted Answer

No. FastFee is not a lender. It is a fee collection platform that helps medical colleges define and collect their own installment schedules via UPI AutoPay eNACH. For student fee financing — converting a ₹60 lakh MBBS course fee into a bank education loan or third-party EMI product — that is a different category of product (education loan providers, Propelld, GyanDhan, bank education loans serve that need).

Question 5

How does FastFee handle NRI quota MBBS fee collection in installments?

Accepted Answer

NRI quota MBBS fees are significantly higher (₹20–60 lakh/year) than management or government quota. FastFee creates a separate billing category for NRI students with their specific installment schedule. NRI students may pay via bank transfer — FastFee records the bank transfer as a manual payment in the student ledger alongside UPI-based payments.

Question 6

Does FastFee support partial installment payments for MBBS students?

Accepted Answer

Yes. A student who can only pay 50% of a scheduled installment at the due date can make a partial payment. FastFee records the partial amount, keeps the remaining balance visible, and triggers follow-up reminders for the outstanding portion. The running balance per student shows total course fee, amount collected, and amount still due.

Installment	Fee Head	Amount	Due Date	UPI AutoPay
Semester 1	Tuition + lab + exam	₹7,20,000 (60%)	June 1	Auto-debit June 1
Semester 2	Tuition + lab + exam	₹4,80,000 (40%)	December 1	Auto-debit December 1
Hostel (annual)	Hostel + mess advance	₹1,20,000	June 1	Auto-debit June 1

Medical College MBBS Fee Installment Collection — UPI AutoPay, NMC-Compliant, Quota Billing

Set up your MBBS installment schedule

Management quota MBBS (₹12L/year) split into 2 semester installments

Related medical college fee resources

Medical college EMI fee FAQ