Refund Fee
Refund Fee Management
Exit Clearance & Payout
The **Refund Fee** module handles the financial settlement for students leaving the institute. After the "Student Left" process is initiated, this module calculates the refundable amount (e.g., Security Deposit, Mess Advance) after deducting any pending dues. It serves as the final account closure step.
1 Refund History
2 Calculate Refund
Create Refund Fee
Calculation Logic
The system shows the **Total Paid** amount. Based on the number of days attended (calculated from dates), you can determine the pro-rata refund or return fixed deposits like "Security Fee".
Audit Trail
The **"Rejected By"** or **"Approved By"** columns in the list (visible in detailed view) track who authorized the payout, ensuring financial accountability.