The candidates are required to pay a fee of Rs. 100/- (Rupees Hundred only) (excepting Female/SC/ST/PH candidates who are exempted from payment of fee) either by remitting the money in any branch of SBI by cash................
Shouldn't there be the article "the" before payment?
I think there is a definite article missing but not before "payment". I would say "except (not excepting) female students who are exempt from payment of the fee" or "exempt from paying the fee".
Remember - correct capitalisation, punctuation and spacing make posts much easier to read.