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Paytm Charges – Fountainhead School

Paytm Charges

Dear Parent,

We would like to inform you that with effect from 08th June, 2019, transactions (i.e. fee payments) on Paytm.com i.e. Paytm app/ Paytm website shall be charged a convenience fees from the customers as per below listing. The said convenience fees shall be exclusive of all applicable taxes (such as GST etc.):

Convenience fee charged from customer(s) will vary depending on the mode of Payment, as follows:

Payment Mode Commercials
Domestic Debit Cards
0% (Transaction amount less than or equal to Rs. 2000)
0.90% (Transaction amount more than Rs. 2000)
Domestic Credit Cards 1.10%
Net Banking Rs.15
UPI
Rs.0 (Transaction amount less than or equal to Rs. 2000)
Rs.15 (Transaction amount more than Rs. 2000)
Paytm Wallet 1.50%
AMEX 1.60%

Illustration:

Convenience fees shall be applied once the customer chooses the mode of payment on Paytm.com and shall be added to the fees amount payable by such customer. Please refer as below:  

 

Payment Mode Selected by the Customer Netbanking
Fee amount to be paid by the Customer ( A ) Rs. 20,000/-
Convenience Fee to be charged by One97 ( B ) Rs.15 (illustrative rate)
18% GST (as applicable) on Convenience Fee ( C ) Rs. 2.7
Total amount to be paid by the Customer (A + B+ C) Rs. 20,017.70/-
 This total amount shall be visible to the Customer at the time of making the payment on Paytm.com.  
 
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