Fee Structure Overview
The total fee structure for the Finance program at Omkarananda Institute Of Management And Technology is designed to be transparent and comprehensive, covering all aspects of student life including academics, accommodation, meals, and administrative services.
| Component | Semester-wise Breakdown (INR) |
|---|---|
| Tuition Fee | 300,000 |
| Hostel Rent | 60,000 |
| Mess Advance | 40,000 |
| Student Benevolent Fund | 5,000 |
| Medical Fees | 2,000 |
| Gymkhana Fees | 3,000 |
| Examination Fees | 10,000 |
| Total (Per Semester) | 420,000 |
Detailed Fee Components
- Tuition Fee: Covers the cost of instruction, course materials, and access to digital resources including Bloomberg Terminal licenses.
- Hostel Rent: Includes accommodation in air-conditioned rooms with common facilities such as laundry, Wi-Fi, and study areas.
- Mess Advance: Covers meal charges for the semester, with bills updated monthly based on consumption.
- Student Benevolent Fund: Supports students in financial distress or emergencies during their studies.
- Medical Fees: Covers basic healthcare services at the institute’s medical center and emergency treatment.
- Gymkhana Fees: Provides access to sports facilities, fitness centers, and recreational activities.
- Examination Fees: Covers costs associated with conducting end-of-semester examinations and grading systems.
Hostel & Mess Charges
The hostel accommodation at Omkarananda Institute Of Management And Technology is designed to provide a comfortable living environment conducive to learning and personal development. Rooms are air-conditioned with individual study desks, wardrobes, and shared bathroom facilities.
- Room Types: Single occupancy rooms (₹20,000/year), Double occupancy rooms (₹15,000/year).
- Mess Billing System: Meals are charged monthly based on actual consumption. A prepayment system is followed with adjustments made at the end of each month.
- Rebate Policies: Students can apply for rebates during special occasions, leaves, or due to financial hardship.
Fee Waivers, Concessions, and Scholarships
The institute offers various fee waivers and concessions to deserving students based on their background and financial status:
- SC/ST/PwD Category: Eligible for full fee waiver with income slab up to ₹2 lakh/year.
- EWS Category: Receives partial fee concession based on household income below ₹4 lakh/year.
- MCM (Minority Community Member): Eligible for scholarship grants from government agencies and corporate sponsors.
Application forms for these benefits are available on the institute's official website, and decisions are made after verification of documents and income proofs.
Payment Procedures & Refund Policy
- Payment Deadlines: Fees must be paid by the first week of each semester. Late payments incur a penalty of ₹500/day beyond the deadline.
- Refund Rules: Refunds are processed only in case of withdrawal or transfer from the institute, subject to deductions for administrative costs and academic fees already incurred.