New Horizon College of Engineering Fees: Payment Methods & Financial Terms
New Horizon College of Engineering Fees: Payment Methods & Financial Terms
Introduction
New Horizon College of Engineering’s fees payment process has been modernised to provide a seamless & secure experience for parents & students. The institution offers various digital & traditional channels to ensure that fee collection is efficient & well-documented. Understanding the specific terms, refund policies & payment timelines is crucial for maintaining a good standing with the accounts department. Clear financial communication helps in avoiding late fees & administrative hurdles.
Digital Payment Channels
The college encourages the use of online portals for all fee transactions to ensure real-time updates & electronic record-keeping. From tuition fees to hostel dues, everything can be managed through a centralised student dashboard. This transparency allows parents to track payments & upcoming deadlines from the comfort of their homes.
Online Payment Options
- The official college website features a secure payment gateway for credit & debit cards.
- Net banking with all major Indian banks is supported for direct tuition transfers.
- UPI payments via GPay or PhonePe are accepted for small miscellaneous fee payments.
- RTGS & NEFT transfers are the preferred method for large management quota payments.
- The student portal provides a downloadable e-receipt immediately after a successful deal.
- Auto-debit facilities can be set up for hostel & mess fee instalments for convenience.
Traditional Payment Methods
- Demand Drafts (DD) drawn in favour of the college are still a valid way to pay fees.
- Cash payments are generally discouraged but accepted at the college bank counter.
- Cheque payments are accepted subject to realisation, with penalties for bounced cheques.
- Educational loan disbursements are handled directly between the bank & the college.
- Challan-based payments at the campus branch of the Indian Bank are common for locals.
- International wire transfers are used by NRI & foreign students for their USD payments.
Refund & Cancellation Policies
A clear understanding of the refund policy associated with the New Horizon College of Engineering fees is important in case of admission withdrawal. The college follows the guidelines set by the AICTE & the state government regarding fee returns. These rules specify the percentage of the fee that can be refunded based on when the cancellation is requested.
Refund Rules 2026
- A full refund (minus a small processing fee) is possible if cancelled before the batch starts.
- A percentage deduction applies if the cancellation occurs after the commencement of classes.
- Zero refund is typically the rule for management quota booking amounts after a set date.
- Hostel fees are non-refundable if a student vacates the room in the middle of the term.
- Security deposits are fully refunded after the completion of the course & no-dues clearance.
- Refund processing usually takes 30 to 45 working days after the formal application.
Important Financial Deadlines
- First-semester fees must be paid in full to confirm the admission seat for all branches.
- Subsequent annual fees are usually due in the month of July before the new session starts.
- Examination fees are collected twice a year, typically a month before the semester ends.
- Hostel re-booking for the next year happens in May to ensure room availability for all.
- Late fee penalties start at a fixed daily rate after the grace period of one week ends.
- Defaulting on fees for more than a month may lead to the suspension of campus services.
Conclusion
New Horizon College of Engineering’s fees management is designed to be user-friendly & transparent for the modern academic community. By providing multiple payment options & clear financial terms, the college ensures that the administrative side of education is stress-free. Parents are advised to keep all digital & physical receipts safe for future reference & scholarship applications. Adhering to the payment schedules is the best way to ensure an uninterrupted & focused learning experience for the student.