On January 22, 2021 GrayQuest partnered with SBM Bank (India) Limited to help its clients to access affordable funds to pay their children’s education fees in monthly payments. GrayQuest has partnered with over 2000 leading schools, colleges and universities across India to enable this kind of payment.
Aim of the Partnership– To enhance access to quality education in India by increasing the convenience of paying educational fees.
Monthly Payment System
Process
i.Parents can convert their annual or bulk semester school / college fees into affordable monthly payments by signing up for a monthly payment option on the GrayQuest platform through a paperless process.
ii.The company does not charge extra cost for this conversion.
Benefits
The parents who signed up in GrayQuest platform will get benefits like complimentary insurance cover and access to more than 50 exclusive rewards for their children.
Note
As per the data of GrayQuest, the average Indian household spends 13% of their annual income on the education fees of a child.
About GrayQuest
Founder, CEO– Rishab Mehta
HeadOffice– Mumbai, Maharashtra
About SBM Bank (India) Limited:
i.It is the first bank to receive a banking license from the Reserve Bank of India (RBI) and to establish a universal banking business in India through the Wholly Owned Subsidiary (WOS) mode.
ii.SBM became the 1st foreign Bank in India to operate as a new Indian bank.
Headquarters– Mumbai, Maharashtra
Managing Director(MD) and Chief executive Officer(CEO)– Sidharth Rath
Commenced Operations– 1st December 2018
