Fee Structure
The total fee for the two-year MBA program at Accurate Institute of Advanced Management is INR 350,000. This amount covers tuition fees, hostel charges, mess advance, and other mandatory components. The breakdown is as follows:
| Component | Semester-wise Amount (INR) |
|---|---|
| Tuition Fee | 120,000 |
| Hostel Rent | 40,000 |
| Mess Advance | 30,000 |
| Student Benevolent Fund | 5,000 |
| Medical Fees | 3,000 |
| Gymkhana Fees | 2,000 |
| Examination Fees | 5,000 |
| Total | 205,000 |
Detailed Explanation of Components
Tuition Fee: This covers the cost of instruction, access to digital resources, and faculty services. The tuition fee is fixed for the entire program duration and includes all core course materials.
Hostel Rent: Accommodation is provided in fully air-conditioned hostels with shared rooms. Hostel rent varies based on room type and includes utilities such as electricity and water.
Mess Advance: A monthly mess advance of INR 2,500 is collected at the beginning of each semester. This covers meals for the entire month and is adjusted based on actual consumption.
Student Benevolent Fund: This fund supports students in need and contributes to campus infrastructure development and welfare programs.
Medical Fees: Covers basic medical services, including consultations with doctors and access to health insurance.
Gymkhana Fees: Supports recreational activities and sports facilities on campus.
Examination Fees: Includes costs associated with conducting exams, evaluation, and result processing.
Hostel & Mess Charges
The hostel accommodation at Accurate Institute offers a comfortable living experience for students. Hostels are equipped with modern amenities including Wi-Fi, laundry services, 24-hour security, and common areas for social interaction.
Room types include single occupancy, double occupancy, and triple occupancy options. Each room is furnished with essential furniture, including beds, desks, wardrobes, and study tables. Shared bathrooms are available in each block.
The mess system operates on a monthly billing cycle. Students can choose from various meal plans, including vegetarian, non-vegetarian, and hybrid options. The mess charges are adjusted quarterly based on consumption records.
Fee Waivers, Concessions, and Scholarships
Financial assistance is available for students belonging to SC/ST/PwD, EWS, and MCM categories. Eligibility criteria include:
- SC/ST/PwD Category: Students with a valid certificate from the government are eligible for full fee waiver.
- EWS Category: Students with an income below INR 3 lakhs per annum qualify for partial fee concession of up to 50%.
- MCM (Minority Community Member): Students from minority communities can apply for scholarships based on academic merit and financial need.
Applications for fee waivers must be submitted with supporting documents such as income certificates, caste certificates, or disability certificates. The Institute evaluates applications based on established guidelines and provides timely decisions.
Payment Procedures & Refund Policy
Students are required to make payments within the specified deadlines to avoid late fees. Payments can be made online through net banking, credit/debit cards, or NEFT/RTGS transfers. A detailed payment schedule is shared at the beginning of each semester.
Late fee charges apply if payments are not completed on time. The current late fee rate is 5% per month on outstanding amounts. Refunds are processed only upon withdrawal from the Institute and subject to strict conditions outlined in the refund policy.
Students who withdraw before completing one semester are entitled to a proportional refund of tuition fees, while hostel charges and mess fees are non-refundable. Refund requests must be submitted with valid documentation and processed within 30 days of withdrawal.