Fee Structure
The total cost of pursuing a Finance program at INDORE INTERNATIONAL COLLEGE includes tuition, hostel, mess, and other miscellaneous charges. The following table outlines the detailed fee structure per semester:
| Head | Amount (INR) |
|---|---|
| Tuition Fee | 250000 |
| Hostel Rent | 75000 |
| Mess Advance | 30000 |
| Student Benevolent Fund | 2000 |
| Medical Fees | 1000 |
| Gymkhana Fees | 500 |
| Examination Fees | 1000 |
| Total Per Semester | 362500 |
The total program cost over four years amounts to ₹1450000, excluding any additional expenses related to books, travel, or optional activities.
Tuition Fee
The tuition fee covers access to all academic resources, including lectures, study materials, laboratory sessions, and faculty mentorship. It also includes access to the Bloomberg Terminal and other proprietary financial tools used in teaching.
Hostel & Mess Charges
Students residing on campus are required to pay hostel rent and mess charges. Hostel rooms are available in different categories:
- Single Occupancy Room: ₹25000 per semester
- Double Occupancy Room: ₹37500 per semester
- Triple Occupancy Room: ₹50000 per semester
The mess charges include daily meals and a monthly advance payment. Rebate policies are available for students who attend fewer meals or have special dietary needs.
Financial Aid Options
To ensure accessibility, INDORE INTERNATIONAL COLLEGE offers various financial aid options including fee waivers, concessions, and scholarships:
- Merit-based Scholarships: Awarded to students with exceptional academic performance (top 10% of the batch).
- Need-based Concessions: Available for students from economically disadvantaged backgrounds.
- EWS Category Benefits: Students belonging to the Economically Weaker Section receive a 50% concession on tuition fees.
- PwD Concessions: Full fee waiver for students with disabilities, subject to documentation.
Applications for these financial aids must be submitted before the start of the academic year. Detailed eligibility criteria and application procedures are available on the official website.
Payment Procedures & Refund Policy
All fees must be paid through the official online portal or via NEFT/RTGS transactions to the designated account. Payment deadlines are strictly enforced, with late fees applicable for delayed payments.
If a student withdraws from the program, refund rules apply:
- Withdrawal Before 15 Days: Full refund minus processing charges of ₹1000.
- Withdrawal Between 15-30 Days: 75% refund minus processing charges.
- Withdrawal After 30 Days: No refund unless approved by the Dean’s office.
The refund process typically takes 15 business days after approval, excluding weekends and holidays. Students must submit a formal withdrawal request along with supporting documents to initiate this process.