Fee Structure Overview
The total fee for the MBA program at Indira University Pune is approximately INR 15 lakhs over two years. This amount covers tuition, hostel rent, mess charges, and other mandatory fees. The fee structure is designed to be transparent and affordable, ensuring accessibility for students from diverse economic backgrounds.
| Semester | Tuition Fee | Hostel Rent | Mess Advance | Student Benevolent Fund | Medical Fees | Gymkhana Fees | Examination Fees | Total Annual Cost |
|---|---|---|---|---|---|---|---|---|
| First Year | 600,000 | 120,000 | 80,000 | 5,000 | 10,000 | 3,000 | 2,000 | 820,000 |
| Second Year | 600,000 | 120,000 | 80,000 | 5,000 | 10,000 | 3,000 | 2,000 | 820,000 |
Fee Components Explanation
Each component of the fee structure serves a specific purpose and contributes to the overall educational experience:
- Tuition Fee: Covers classroom instruction, laboratory sessions, library access, and academic resources. This includes course materials, guest lectures, and faculty salaries.
- Hostel Rent: Provides accommodation for students living away from home. Rooms are equipped with basic amenities such as beds, study tables, wardrobes, and Wi-Fi connectivity.
- Mess Advance: Ensures that students have access to nutritious meals throughout the academic year. The mess operates on a monthly billing system with flexible options for different dietary preferences.
- Student Benevolent Fund: Supports students facing financial hardships or unexpected emergencies. Contributions are voluntary and go toward scholarships, medical assistance, and educational grants.
- Medical Fees: Covers basic healthcare services provided by the campus hospital, including routine checkups, emergency care, and preventive health programs.
- Gymkhana Fees: Funds sports facilities, fitness equipment, and recreational activities that promote physical well-being and team building among students.
- Examination Fees: Covers costs associated with conducting examinations, grading, result processing, and certificate issuance.
Hostel & Mess Charges
The hostel accommodation at Indira University Pune is designed to provide a comfortable living environment for students. There are different room types available, including single occupancy, double occupancy, and triple occupancy rooms.
Single rooms cost INR 15,000 per month, while double rooms are priced at INR 10,000 per month. Triple rooms are available for INR 7,000 per month. All rooms come with essential furniture, air conditioning, and internet connectivity.
The mess system operates on a monthly billing cycle with options for vegetarian and non-vegetarian meals. Students can choose between different meal plans based on their preferences and dietary requirements. The mess also offers special occasions like festivals and holidays with themed menus and events.
Rebate policies are available for students who do not use the hostel facilities during certain periods, such as semester breaks or extended leaves. These rebates are calculated proportionally to the number of days missed and processed through the finance office.
Fee Waivers, Concessions, and Scholarships
The university offers various fee waiver and concession schemes for students from economically disadvantaged backgrounds:
- SC/ST/PwD Category: Students belonging to SC/ST or PwD categories are eligible for a 100% fee waiver. Additionally, they receive additional support through the Student Benevolent Fund.
- EWS Category: Students from Economically Weaker Sections (EWS) can avail up to 50% fee concession based on income slabs and documentation.
- MCM (Minority Community Member): Students from minority communities receive a 25% fee concession. Documentation of community affiliation is required for verification purposes.
The application process for financial aid involves submission of relevant documents including income certificates, caste certificates, disability certificates (if applicable), and academic transcripts. Applications are reviewed by the Financial Aid Committee, which evaluates eligibility based on established criteria.
Payment Procedures & Refund Policy
Payments can be made through multiple modes including online banking, credit/debit cards, net banking, and demand drafts. The university provides detailed instructions for each payment method to ensure ease of transaction.
Late payments attract a penalty fee of INR 500 per day until the dues are cleared. However, students facing genuine financial difficulties can request installment plans or deferment arrangements upon submission of supporting documents.
The refund policy is strictly followed for withdrawals or discontinuation of studies. Refunds are processed within 30 days after the formal withdrawal notice is submitted. Deductions include processing fees, hostel charges (if applicable), and any outstanding dues.