How to Calculate Byaj (Interest) at “₹ per 100 per Month” — With Examples
A simple guide to calculating interest the traditional Indian way — rate per ₹100 per month, counting days, yearly compounding and part payments — with worked examples.
For most private schools fees are the main income — and the school office is where that income is either collected smoothly or lost in registers. These seven basics make the biggest difference.
List every fee head — admission, tuition, transport, exam, activity — with the amount for each class and the instalment dates. When the structure is defined clearly, dues can be calculated rather than guessed.
Cash, UPI or cheque, every payment should get a receipt with a running number, the student’s class and every fee head paid. Never reuse or skip numbers.
The question “who has not paid term 2 fees?” should take seconds. A class-wise dues list lets class teachers help with follow-up.
A short, polite message a few days before the due date works far better than a notice after it. WhatsApp click-to-chat messages are free and parents read them.
Route-wise transport fees, with the student’s route recorded, avoid most disputes about transport charges.
Salaries, electricity, maintenance, stationery — recorded daily in the same system as fees, so income versus expense for the session is always available.
Collected, pending, spent and balance — on one page, every month. When the management can see the numbers, decisions about fee revisions and spending get easier.
A simple guide to calculating interest the traditional Indian way — rate per ₹100 per month, counting days, yearly compounding and part payments — with worked examples.
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