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Coimbatore, Feb. 25 Kotak Mahindra Bank has launched ‘Kotak Smart Fee’, a fee collection service for educational institutes. “This product is aimed to reduce the administrative hassles for the institute, while providing added convenience to students and parents,” Mr K.V.S. Manian, Group Head (Retail Liabilities and Branch Banking), said.

Apart from a daily collection report, it would be possible to generate various analytical reports such as late payment report, fee default report, bounced cheque report and send the same to the institute at the end of the fee collection period,” he said.

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Kotak Mahindra Bank’s fee collection service

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