Vibgyor Group — Late payment fee

Dear Sir,

My son is studying Vibgyor school for 5th standards. I come accross payment structure. Looks like Vibgyor is doing daily finance since I have how you are changing late payment charges. they have said if you need to payment of 50000 late payment changes will be 50000/3*no of days (means 10 rupees interest per day) around 40 rupees per day.

Please resolve this asap.

Thanks,
Rayudu
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