After a parent makes a successful online fee payment, the payment gateway processes the transaction and settles the amount into the school’s designated bank account. The settlement flow usually works as follows:
1. Payment Confirmation
Once the payment is completed, the payment gateway confirms the transaction and generates a receipt for the parent.
2. Processing Time
The payment gateway processes the transaction.
Settlement typically takes T+1 or T+2 working days, depending on:
- the payment method (card, UPI, net banking, etc.)
- the bank and payment gateway’s settlement cycle.
3. Settlement to the School Account
After processing, the payment amount is transferred to the school’s bank account after deducting payment gateway charges.
4. Automatic Update in NextOS
Once parents complete the payment, the transaction status is automatically updated in the NextOS system & receipt gets generated.
The school’s Fee Incharge can verify the status of the payment—whether successful or failed—on the Online Transaction page.