What are Razorpay's fees for educational institutions?

Standard Razorpay rates are 2% for domestic cards and Net Banking, 0% for UPI (subject to change per NPCI policy), and 2% for wallets. Educational institutions may qualify for lower rates through Razorpay's non-profit or education vertical programs. OpenEduCat charges no additional transaction fees.

Can parents pay in EMI for large annual fee amounts?

Yes. Razorpay offers bank EMI (3, 6, 9, 12, 18, 24 months) from HDFC, ICICI, SBI, Axis, Kotak, and other major banks. The institution receives the full amount upfront while the bank handles the EMI schedule with the family.

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Razorpay School Fee Payment Integration

Enterprise EditionPayment Processing

Collect school fees via UPI, Net Banking, cards, and wallets — the complete Indian payment stack for education

Overview

Razorpay is India's leading payment gateway, used by tens of thousands of businesses including many educational institutions. For schools, colleges, and universities in India, Razorpay provides the complete payment stack: UPI (PhonePe, Google Pay, Paytm, BHIM), Net Banking across 50+ banks, credit and debit cards, mobile wallets, and EMI from major banks. Indian parents expect UPI as the default payment method. When your fee portal shows a QR code or UPI ID at checkout, collection rates improve significantly over card-only portals. OpenEduCat's Razorpay integration surfaces UPI, Net Banking, and cards together in a single checkout experience — the parent chooses their preferred method. For institutions under the National Education Policy collecting fees from different student categories with different fee structures, Razorpay's partial payment and installment features work with OpenEduCat's fee configuration to handle term-wise, semester-wise, and monthly billing. Payment links can be sent by SMS or WhatsApp to parents who do not log into the portal regularly.

Key Capabilities

UPI Payments

Accept payments via any UPI app: Google Pay, PhonePe, Paytm, BHIM, and 50+ UPI-enabled bank apps. Display a QR code or accept UPI ID at checkout.

Net Banking

Support for 50+ Indian bank netbanking portals. Parents authenticate through their own bank's secure netbanking interface.

Cards & EMI

Visa, Mastercard, RuPay credit and debit cards. EMI options from HDFC, ICICI, SBI, Axis, Kotak, and other major banks for large fee amounts.

Mobile Wallets

Paytm, PhonePe, Mobikwik, and other mobile wallets accepted alongside UPI and cards in the same checkout.

Payment Links by SMS/WhatsApp

Generate fee payment links for individual students and send via SMS or WhatsApp — for parents who do not use the portal but always have their phone.

Automatic Reconciliation

Each Razorpay transaction posts to the corresponding student ledger in OpenEduCat. Bulk settlements from UPI and Net Banking split into per-student transactions automatically.

Setup Guide

Create Razorpay Account

Sign up at razorpay.com with your institution's GST number, PAN, and bank account details. Business verification typically completes within 2 business days.

Get API Keys

In Razorpay Dashboard > Settings > API Keys, generate your Key ID and Key Secret. Keep these secure — they grant access to your account.

Configure in OpenEduCat

Go to Settings > Payment Providers > Razorpay. Enter your Key ID and Secret. Select INR as the currency. Enable and save.

Configure Webhook

Add your OpenEduCat webhook endpoint in Razorpay Dashboard > Settings > Webhooks. This ensures payment confirmations update OpenEduCat in real time, even if the browser closes.

Test with Test Mode

Use Razorpay test credentials and test UPI IDs (success@razorpay) to verify the complete payment flow before going live.

Use Cases

CBSE and ICSE schools collecting term fees via UPI from parents on WhatsApp and SMS payment links
Engineering and medical colleges collecting annual fees in installments via Razorpay EMI tied to OpenEduCat fee schedules
Universities with international students collecting INR fees via cards alongside domestic students paying via UPI in the same portal
Coaching institutes collecting monthly fees via recurring UPI mandates through the student portal

Technical Requirements

Razorpay account with KYC verification completed (PAN, GST, bank account)
OpenEduCat Enterprise Edition
SSL certificate on your OpenEduCat instance
Indian business entity (Razorpay requires Indian incorporation or GSTIN)

Fee Payment and Collection

Manage tuition, program fees, hostel charges, and lab levies from a single system that automates invoice generation, handles installment plans, and gives families a self-service portal to view balances, pay online, and download receipts — without calling your office.

Advanced Accounting Software for Schools

Multi-campus fund tracking, automated reconciliations, grant compliance reporting, and fee-to-ledger integration. Close months in days with real-time dashboards and a full audit trail.

Financial Management

Set up fee structures once — auto-generate invoices at enrollment, accept payments via cash, bank, or online gateway, apply discounts, and reconcile. Close books faster with fewer errors.

Student Management

Student information system software that keeps every record (academics, health, contacts, documents) in one place. SIS for K-12 schools and universities that gives staff accurate student data instantly and makes reporting effortless.

Frequently Asked Questions

Yes. Razorpay supports UPI AutoPay mandates, where a parent authorises recurring debits for monthly or quarterly installments. The first payment requires parent action; subsequent payments debit automatically on the due date. OpenEduCat marks installments paid and generates receipts automatically.

Collect School Fees with Razorpay

How OpenEduCat uses Razorpay for online fee collection — by institution type

University Fee CollectionInternational and NRI student remittances via FIRC-compliant inward remittance; semester E…View guide K-12 School Fee CollectionNACH auto-debit for monthly fees means parents never miss a due date; UPI QR on fee slips …View guide College Fee CollectionUPI payment links sent via WhatsApp to students; bank EMI for annual fees spread across 6–…View guide Vocational School Fee CollectionCardless EMI (no card required) lets students pay course fees in 3–6 installments via thei…View guide High School Fee CollectionUPI QR codes on monthly fee notices; NACH mandate for Indian high schools collecting month…View guide International School Fee CollectionFIRC-compliant inward remittances for NRI families paying international school fees from t…View guide Boarding School Fee CollectionNACH auto-debit collects boarding semester fees from student bank accounts on the first da…View guide

Solutions That Use Razorpay

School Management Software View Pricing

Enable Razorpay Integration

Connect Razorpay with OpenEduCat and simplify your institution's digital ecosystem.

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