At Prakhar Modern School, we believe in maintaining clarity and transparency in all financial matters. The following rules and regulations have been framed by the Governing Body to ensure smooth functioning of the school and must be adhered to strictly.

1. General Guidelines

• School fees are fixed by the Governing Body and may be revised if found necessary.
• Annual fees must be paid in four installments: April, July, October, and January.
• No pupil will be allowed to sit in the promoted class if fees for the previous class remain unpaid.
• If all dues are not cleared by the end of the session, the student’s result will be withheld.
• A duplicate fee slip will be issued from the school office on payment of ₹10.

2. Payment Schedule

• Each installment must be paid before the 10th day of the respective months (April, July, October, January).
• The first installment of the new academic session (April–June) must be paid on or before 10th April.
• Late fee will be charged at 1% per month of the previous installment’s amount from the due date.
• If fees remain unpaid, the child’s name will be struck off the rolls and parents will have to pay a readmission fee.
• This rule will be followed very strictly.

3. Transfer Certificate & Clearance

• A Transfer Certificate (School Leaving Certificate) will not be issued until all dues are cleared.
• In case of withdrawal, parents must ensure that all fees and charges are settled.
• Any penalties for vandalism, loss, or damage must also be cleared before issuance of certificates.

4. Security Deposit & Refund Policy

• The Security Deposit will be refunded only if a written application of withdrawal is submitted to the Principal by 7th March of the last academic year.
• Refunds will be processed only after the completion of the annual audit (after 31st July).
• No mid-year refund applications will be entertained.
• Parents will be liable to pay fees for the next academic year if withdrawal applications are not submitted by the due date (7th March).
• Refunds will be addressed only after the end of the academic year.

5. Withdrawal Policy

• If a withdrawal request is made after 10th April of the new academic session, the first quarter’s fee will be charged, even if the student does not attend classes.
• If withdrawal takes place any time after the commencement of the academic year, fees for the entire year may be charged/forfeited as per school rules.
• Transfer Certificates will be issued only after all dues, including penalties for damages, are settled.

6. Vandalism Penalties

• Mishandling or loss of school library books.
• Damage to laboratory equipment.
• Damage to IT facilities or third-party property during school events.
• Damage to school infrastructure, furniture, or transportation facilities.

Costs of repair or replacement will be added to the student’s dues.

7. Online Fee Payment

Parents may use the school’s online payment system for fee deposits. Details will be provided separately by the school office.