All financial transactions in regard to the college and hostel will be preferably done by the guardians directly, specially in the initial period. Remittances should be made either by bank draft payable at Kolkata, in the name of 'Ramakrishna Mission Vidyamandira Hostel' or by M.O. in the name of the student/ward. Guardians should remit approx. Rs. 2000/- during the first week of every month, towards mess charges for the previous month and hostel and college fees for the current month and some extra amount as pocket money for their ward. This money should be deposited with the hostel office (personal account) to be drawn when necessary. Even if a boy is on leave while the general mess remains open, he has to bear the specified mess establishment charges.

For delay in payment of college fees a student is normally charged a fine of Rs.1 per day after 15th of the current month. For delay in payment of Mess Dues, a fine of Rs.1/- per day will be charged if a student does not pay the dues within one month of the relevant notification.

The caution money deposited initially is refundable to a student at the time of his leaving the institution after deduction towards breakage/wear & tear/maintenance etc. Refund will be made only if claimed within one year of leaving the institution. Hostel deposit / advance money is refundable to a student at the time of his leaving the institution after deducting Rs.200/- only towards hostel development/maintenance.