Fee Structure Overview
The total fee for the International Business program at Omkarananda Institute Of Management And Technology is INR 3,50,000 per annum, payable in two semesters. This comprehensive fee covers tuition, hostel accommodation, meals, and other essential services provided by the institute.
| Fee Component | Semester-wise Amount (INR) |
|---|---|
| Tuition Fee | 180000 |
| Hostel Rent | 60000 |
| Mess Advance | 30000 |
| Student Benevolent Fund | 5000 |
| Medical Fees | 3000 |
| Gymkhana Fees | 2000 |
| Examination Fees | 2000 |
| Total | 350000 |
Detailed Fee Breakdown
Tuition Fee
The tuition fee is the primary component of the program cost, covering instruction, learning materials, and access to academic resources. It includes lectures, tutorials, lab sessions, and assessments conducted by faculty members with extensive industry experience.
Hostel Rent
Students are required to pay hostel rent for the duration of their studies. The hostel facilities are equipped with modern amenities including Wi-Fi, air conditioning, and 24/7 security. Hostel rooms are shared among 2-3 students, depending on availability.
Mess Advance
The mess advance is a prepayment for meals provided by the institute's cafeteria. Students can adjust their accounts monthly based on actual consumption. The facility offers a variety of vegetarian and non-vegetarian options to cater to diverse dietary preferences.
Student Benevolent Fund
This fund supports students facing financial hardships or emergencies. Contributions are optional but encouraged, and the fund is managed transparently with regular audits conducted by the administration.
Medical Fees
The medical fee covers basic healthcare services provided on campus, including consultations, emergency care, and routine check-ups. Students have access to a dedicated medical center staffed by qualified doctors and nurses.
Gymkhana Fees
This fee supports the maintenance and operation of sports facilities and recreational activities on campus. It includes access to gyms, indoor games, and outdoor sports fields, promoting physical fitness and well-being among students.
Examination Fees
The examination fee covers costs associated with conducting tests, evaluating answers, and issuing certificates. It ensures that students receive timely feedback and recognition for their academic achievements.
Hostel & Mess Charges
The hostel accommodation is designed to provide a comfortable living environment conducive to learning and personal growth. The rooms are categorized into different types based on amenities:
- Standard Room: Shared with two others, equipped with basic furniture.
- Deluxe Room: Shared with one other, featuring additional amenities like study desks and wardrobes.
- Suite Room: Single occupancy with private bathroom and modern furnishings.
The mess billing system operates on a monthly basis, where students receive an account statement showing consumption and charges. Adjustments are made based on actual usage, ensuring fairness and transparency.
Fee Waivers, Concessions, and Scholarships
The institute offers various financial assistance programs to eligible students:
- SC/ST/PwD Category: Full waiver of tuition fee and hostel charges.
- EWS Category: 50% reduction in tuition fee and full waiver of hostel charges.
- MCM (Minority Community): 25% reduction in tuition fee and partial waiver of hostel charges.
Eligibility criteria for these concessions are based on income slabs and documentation provided by applicants. The application process involves submitting relevant certificates and forms through the official portal.
Payment Procedures & Refund Policy
Students must complete fee payment within the specified deadlines to avoid late fees. Payments can be made online via net banking, credit/debit cards, or through bank drafts. A late fee of INR 500 per day is applicable beyond the deadline.
The refund policy ensures that students receive refunds in case of withdrawal from the program:
- Full refund if withdrawn before joining.
- Refund of tuition fee after deducting administrative charges and hostel fees if withdrawn within one month of admission.
- No refund beyond one month of admission.
All refund requests must be submitted in writing along with supporting documents. The process typically takes 15 working days for approval and disbursement.