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Creating fines in the finance management system is essential for managing student accounts and ensuring compliance with institutional payment policies. The system allows you to apply structured penalties using escalating day slabs for overdue payments.
Step 1: Navigate to the Fine Creation Section
Go to Admin > Finance > Fees > Create Fees > Generate Fine.
Fill in Fine Details
Select Create Fine.
Step 2: Fill in Fine Details
Fine Name: Enter a descriptive name for the fine (e.g., Late Registration Fine).
Base Fine Amount: Specify the initial value to be charged once the due date is exceeded.
Step 3: Define Due Dates Using Day Slabs
You can apply escalating fines based on how late the payment is:
7 Days: Enter the penalty amount for payments overdue by 7 days.
14 Days: Add a second slab with an increased amount or percentage for payments overdue by 14 days.
30 Days: Optionally, add another slab for payments overdue by 30 days or more, further increasing the fine amount.
This tiered structure promotes earlier payments and discourages prolonged delays.
Once all details and slabs are entered, click Save to create the fine.
Deleting a Fine
To delete a configured fine:
Select the fine from the list.
Remove all associated day slabs.
Click Save to confirm deletion.
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