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| Monday, March 03, 2008
Now, paying fees through ATMs
- Varsity positively considering a proposal
made by State Bank of India
SALEM: Students of Periyar University and those studying in
the affiliated colleges and Periyar Institute of Distance Education
(PRIDE) will soon be able to pay their fees at the push of a
button in the ATMs (Automated Teller Machine) of State Bank
of India.
The varsity is positively considering a proposal made by the
SBI in this regard. The new system, if implemented, will enable
the students to pay their fees in SBI ATMs located anywhere
in the country. All a student needs is a bank account with the
SBI and an ATM card. Students can also pay the fees with the
ATM cards of their parents. The new system will particularly
benefit the PRIDE students, who are now remitting the fees by
sending demand drafts. A large number of students from other
States are pursuing UG and PG programmes in the PRIDE.
Students in the regular mode are paying the examination fees
through their respective colleges, University Vice-Chancellor
M. Thangaraju points out. The processing of demand drafts and
physical handling of currencies result in unnecessary delays
now, says varsity officials.
The new system will eliminate the paper work, speed up the processing
and ensure instant credit. The university will also be able
to closely monitor the fee remittance, SBI officials say. The
University has decided to go ahead with the proposal as it will
benefit a large number of students, Mr. Thangaraju says.
The university authorities and the bank officials conducted
a discussion about the new system at a meeting held recently.
The plan is still in the initial stage. The bank has planned
to extend the system of fee payment through ATM to schools and
colleges in the district too.
Courtesy: The Hindu
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