Fee Structure Overview
The total fee for the MBA program at Navrachana University Vadodara is structured over four semesters, with each semester carrying specific charges. The following table outlines the fee components per semester:
| Component | Semester 1 | Semester 2 | Semester 3 | Semester 4 |
|---|---|---|---|---|
| Tuition Fee | INR 150000 | INR 150000 | INR 150000 | INR 150000 |
| Hostel Rent | INR 40000 | INR 40000 | INR 40000 | INR 40000 |
| Mess Advance | INR 20000 | INR 20000 | INR 20000 | INR 20000 |
| Student Benevolent Fund | INR 5000 | INR 5000 | INR 5000 | INR 5000 |
| Medical Fees | INR 3000 | INR 3000 | INR 3000 | INR 3000 |
| Gymkhana Fees | INR 2000 | INR 2000 | INR 2000 | INR 2000 |
| Examination Fees | INR 1000 | INR 1000 | INR 1000 | INR 1000 |
| Total | INR 221000 | INR 221000 | INR 221000 | INR 221000 |
Fee Components Explained
Each component of the fee structure serves a specific purpose and contributes to the overall educational experience:
- Tuition Fee: Covers the cost of instruction, course materials, digital resources, and access to libraries and laboratories.
- Hostel Rent: Provides accommodation for students who wish to live on campus, ensuring a safe and conducive environment for study and social interaction.
- Mess Advance: Covers the cost of meals during the academic year, with monthly billing based on consumption.
- Student Benevolent Fund: Supports students facing financial hardships or emergencies through grants and assistance programs.
- Medical Fees: Ensures access to basic healthcare services on campus, including consultations and medication.
- Gymkhana Fees: Funds recreational facilities such as gyms, sports grounds, and cultural events.
- Examination Fees: Covers the administrative costs associated with conducting examinations and issuing transcripts.
Hostel & Mess Charges
Navrachana University Vadodara offers hostel accommodation in three categories:
- Semi-Detached Room: Shared with one roommate, priced at INR 40,000/year (INR 3333/month).
- Private Room: Individual room, priced at INR 60,000/year (INR 5000/month).
- Single Occupancy Room: Fully private, priced at INR 80,000/year (INR 6667/month).
The mess system operates on a monthly billing cycle with different meal plans. Students can opt for either a standard or premium plan based on their dietary preferences and budget.
Fee Waivers, Concessions & Scholarships
The university provides fee waivers and scholarships for eligible students based on the following categories:
- SC/ST/PwD: Up to 100% waiver on tuition fees.
- EWS: Up to 50% waiver on tuition fees.
- MCM (Married Child of a Meritorious Student): Up to 25% waiver on tuition fees.
Applications for fee concessions must be submitted along with supporting documents such as income certificates, caste certificates, and disability certificates if applicable. The selection process is conducted by the financial aid committee based on verified information and need assessment.
Payment Procedures & Refund Policy
The payment procedure requires students to complete online registration and pay the fees within a specified deadline. Late payments attract penalties, which are calculated based on the number of days delayed:
- Late Fee: INR 500 per day beyond the deadline.
Refunds are processed according to university guidelines, subject to approval from the finance department. The refund policy includes:
- Withdrawal Before Admission: Full refund upon written request before admission.
- Withdrawal After Admission: Refund of tuition fees minus administrative charges and hostel fees, subject to final approval.
All refunds are processed within 30 working days after submission of the necessary documents. The university maintains strict records of all financial transactions to ensure transparency and accountability.