For education businesses, not lenders
Tensionmukti tracks every instalment and collects through the Razorpay and Zoho Books accounts you already run — not ours. No financing, no percentage of your collections, no third party standing between you and your money.
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Overdue
₹42,000
Due in 30 days
₹96,500
Outstanding
₹2,44,500
Illustrative figures — the real ones are your own.
Tension, mukti
“Did he pay, or did he say he paid?”
Every rupee is a row with a date, a mode and a receipt number. Nobody's memory is the ledger.
“Who was supposed to chase the July batch?”
Reminders go out on their own, over WhatsApp and email, and every call anyone makes is logged against the student.
“The sheet says collected. The bank says otherwise.”
Cash is handed over receipt by receipt and confirmed by the person who takes it. A gap is visible the same day.
“She dropped out in month three. What do we write off?”
Backout cancels the remaining instalments and books the exact shortfall as bad debt, once, at that date.
How it works
An owner adds their Razorpay keys and Zoho Books credentials once. Encrypted at rest, never shared across organisations.
Add them one at a time or import a roster as CSV. Each one gets a batch, a fee, and an instalment schedule with real due dates — immediately.
A Razorpay link, or cash, UPI, NEFT and cheque recorded by hand. Either way it lands in your Zoho Books and the student gets their invoice.
Overdue balances surface the moment they exist, reminders go out on their own, and what's still owed is aged into buckets so you know what's worth a phone call.
The product
There is a lot more under it — reports, expenses, a full P&L, an audit log — but this is where an academy actually spends its day.
Every morning
The dashboard opens on the money that needs a phone call today, computed live from actual payments — not a figure someone refreshed last week.
Overdue
₹42,000
Due in 30 days
₹96,500
Outstanding
₹2,44,500
| Sneha K. | Instalment 1 of 5 | ₹6,000 | Overdue |
| Farhan Q. | Instalment 2 of 5 | ₹6,000 | Overdue |
| Meera I. | Admission fee | ₹8,000 | Due soon |
| Rohit S. | Instalment 1 of 6 | ₹10,000 | Upcoming |
Per student
Admission fee plus every instalment, with the GST split worked out per row. It is written once and never silently recomputed.
| Item | Ex-GST | GST | Amount | |
|---|---|---|---|---|
| Admission fee | ₹4,237 | ₹763 | ₹5,000 | Paid |
| Instalment 1 of 5 | ₹5,085 | ₹915 | ₹6,000 | Paid |
| Instalment 2 of 5 | ₹5,085 | ₹915 | ₹6,000 | Overdue |
| Instalment 3 of 5 | ₹5,085 | ₹915 | ₹6,000 | Upcoming |
Without you
Due and overdue instalments chased daily over WhatsApp and email, from your own accounts, with a payment link already in the message.
Hi Sneha, Instalment 2 of 5 — ₹6,000 — was due on 23 July.
rzp.io/i/aXbY2z
10:30 ✓✓
Sent from your Interakt account. Escalates once, then waits three days.
For the student
Their own schedule, their own pay button, their own invoices to download — which is most of the phone calls, answered before they happen.
Your fees
Certified Nutrition — Aug 2026
Instalment 2 of 5
Due 23 Jul 2026
Instalment 1 of 5
Paid 23 Jun 2026
Read-only. A student can start a payment — never mark one paid.
Why not financing
A lot of the fee-collection software in this market is actually a financing business — they pay your institute the full fee upfront, then collect no-cost EMIs from parents themselves, keeping a percentage of every rupee that moves through their system. That's a legitimate business, and it solves a real cash-flow problem. It's also a different business than software.
Tensionmukti doesn't sit in that flow at all. Your organisation connects its own Razorpay account and its own Zoho Books — money moves directly between the parent and you, on your existing infrastructure.
| Financing platforms | Tensionmukti | |
|---|---|---|
| Who holds the collected money | The financing platform's own pooled account | Your own Razorpay account, directly |
| Cost structure | A percentage of every collection, typically 2–5% | No cut of what you collect |
| Who owns the ledger | Their proprietary system | Your own Zoho Books |
| What happens if you leave | Your fee history lives in their platform | Your payments were always in your own Razorpay and Zoho Books |
What's actually built
An instalment schedule is generated once, at enrolment, with final amounts. Nothing downstream silently recomputes it — a real bug we found in the system this replaces, not a hypothetical one.
Overdue and due-soon balances are computed from actual payments on every page load, never read from a cached snapshot that quietly goes stale.
Connect your own accounts, encrypted at rest. Collect by payment link or by hand, and it reaches your ledger the same way either time — with the real invoice back in the student's inbox.
WhatsApp through your own Interakt account, email through your own SMTP. Escalates once when something turns overdue, then waits — so nobody gets spammed into ignoring you.
They sign in with their phone number, see their own schedule, pay, and download their invoice. They can start a payment; they can never mark one paid.
CGST and SGST or IGST, decided per student by comparing their state against yours, with sequential per-financial-year invoice numbers.
Who recorded a payment, who moved a due date, who wrote off a student — with the old value beside the new one. An audit trail you can actually read.
A per-organisation key for your website or CRM, and a one-click JSON export of everything you have. Leaving is a supported operation, not a support ticket.
Security
This handles fee data and payment credentials for real students. That means the unglamorous engineering — isolation, encryption, an audit trail — isn't optional polish, it's the actual job.
Every query is scoped to the organisation making it. A student, a payment or a batch belonging to one organisation is never visible to another.
Your Razorpay and Zoho Books credentials are encrypted before they ever touch the database — not stored as plain configuration.
Four roles, and each is enforced on the page and on the action behind it. Hiding a menu item is not access control, so we don't rely on it.
Payments, enrolments, write-offs, moved due dates and integration changes — logged with who did it, when, and what the value was before.
Pricing
Students pay into your Razorpay account. There is no point in that flow where we could take a percentage even if we wanted to.
An academy that grows from 80 students to 300 is not a different product. We'd rather quote you once than bill you for succeeding.
Razorpay, Zoho Books, your Interakt number, your mailbox. If you leave, they keep working exactly as they did before you arrived.
For the actual number, tell us your size.
A 60-student coaching class and a 2,000-student college are genuinely different amounts of work to run. Tell us roughly where you sit and we'll quote you straight — there's no card to enter and nothing starts billing on its own.
Questions
No. Your students pay into your own Razorpay account, so there is no point in the flow where we could take a cut even if we wanted to. We charge for the software itself.
No. We are not a lender and not an NBFC. We do not pay you upfront and we do not collect from parents on our own account. Money moves directly between your student and you.
Your payments were always in your own Razorpay and your ledger was always in your own Zoho Books — neither depends on us. On top of that, an owner can export everything we hold as a single JSON file, any time, without asking us.
Yes. Set your home state and rate once, and every instalment carries its own breakdown — CGST and SGST for a student in your state, IGST for one outside it, decided automatically. Invoice numbers run sequentially per financial year and reset each April.
Yes, and the awkward part is handled too. Cash is recorded against a student, then handed over receipt by receipt to whoever banks it, and they confirm it. Anything collected but not handed over shows as a gap.
Mark them backed out. Their remaining instalments are cancelled, they stop appearing in collections and reminders immediately, and the exact shortfall — fee less what you actually kept — is booked as bad debt on that date.
Yes, with four roles: owner, finance, admissions and collections. Each one only reaches what it needs — an admissions person cannot open the P&L, a collections person cannot change a fee.
Tell us about your academy and we set the account up by hand — usually within a working day. That way your Razorpay and Zoho credentials are configured correctly before a single student sees a payment link.
Tell us how your batches and instalments actually work. We'll show you the schedule it generates — not a demo account with someone else's numbers in it.