Fee Structure Overview
The fee structure for the MBA program at Rai Technology University Bangalore is designed to provide high-quality education while ensuring accessibility for deserving students. The total program cost is spread across two academic years, with detailed breakdowns provided for each semester to help students plan their financial commitments.
| Fee Component | Per Semester (INR) | Annual (INR) |
| Tuition Fee | 1,200,000 | 2,400,000 |
| Hostel Rent | 150,000 | 300,000 |
| Mess Advance | 120,000 | 240,000 |
| Student Benevolent Fund | 10,000 | 20,000 |
| Medical Fees | 5,000 | 10,000 |
| Gymkhana Fees | 5,000 | 10,000 |
| Examination Fees | 15,000 | 30,000 |
| Other Charges | 20,000 | 40,000 |
| Total | 1,525,000 | 3,050,000 |
Detailed Fee Components
Tuition Fee: The tuition fee covers the cost of instruction, academic resources, and access to university facilities. This fee includes access to libraries, computer labs, and other academic resources necessary for the program. The fee structure is reviewed annually to ensure it remains competitive and reflects the quality of education provided.
Hostel Rent: Hostel accommodation is provided for students who require residential facilities. The rent covers accommodation, utilities, and maintenance of hostel facilities. The university offers various room types to accommodate different preferences and budgets.
Mess Advance: The mess advance covers the cost of meals during the academic year. Students are required to pay an advance for the entire academic year, which is adjusted at the end of the year based on actual consumption. The mess facilities provide nutritious meals and accommodate dietary requirements.
Student Benevolent Fund: This fund supports students who face financial difficulties and provides assistance for emergencies or special needs. Contributions to this fund are voluntary and help create a supportive community environment.
Medical Fees: The medical fee covers access to on-campus healthcare services, including consultations, basic treatments, and emergency care. The university maintains a well-equipped medical facility to ensure that students have access to quality healthcare during their studies.
Gymkhana Fees: These fees support extracurricular activities, sports facilities, and cultural events. The gymkhana ensures that students have access to recreational facilities and opportunities for personal development.
Examination Fees: The examination fee covers the cost of conducting examinations, evaluating student performance, and maintaining academic standards. This fee includes administrative costs associated with the examination process.
Other Charges: These charges include miscellaneous fees for administrative services, library access, and other support services. These fees ensure that students have access to all necessary resources for their academic success.
Hostel & Mess Charges
Rai Technology University Bangalore offers various hostel options to accommodate students' diverse needs and preferences. The hostel facilities are equipped with modern amenities to ensure a comfortable living experience for students.
The hostel rooms are categorized into different types based on comfort and amenities:
- Single Occupancy Rooms: These rooms are designed for individual students and provide privacy and comfort. The rooms are equipped with basic amenities including a bed, study table, and wardrobe.
- Double Occupancy Rooms: These rooms accommodate two students sharing a common space. The rooms are designed to promote collaboration and social interaction among students.
- Triple Occupancy Rooms: These rooms accommodate three students and provide a shared living experience with common facilities.
The mess billing system is designed to be transparent and efficient. Students are required to pay an advance for the entire academic year, which is adjusted at the end of the year based on actual consumption. The mess provides nutritious meals and accommodates dietary requirements, including vegetarian and non-vegetarian options.
Rebate policies are available for students who are absent from hostel for a specified period due to academic or personal reasons. These policies ensure that students are not penalized for legitimate absences and that their hostel charges are adjusted accordingly.
Fee Waivers, Concessions, and Scholarships
The university offers various fee waiver and concession schemes to support students from economically disadvantaged backgrounds. These schemes are designed to ensure that financial constraints do not prevent deserving students from accessing quality education.
Eligibility Criteria for Fee Waivers: Students who meet the following criteria are eligible for fee waivers:
- Students from SC/ST/PwD categories with family income below INR 300,000 per annum
- Students from EWS category with family income below INR 500,000 per annum
- Students from MCM (Most Backward Classes) with family income below INR 200,000 per annum
- Students who have secured admission through reservation policies
Benefits of Fee Waivers: Students who qualify for fee waivers receive a 50% reduction in tuition fees. The waiver is applied automatically upon verification of eligibility documents.
Application Process: Students must submit the required documents, including income certificates, caste certificates, and other supporting documents, through the university's online portal. The application process is straightforward and can be completed within a few days.
Scholarship Programs: In addition to fee waivers, the university offers various scholarship programs for meritorious students. These scholarships are awarded based on academic performance, leadership potential, and community service.
Payment Procedures & Refund Policy
The payment procedures for the MBA program at Rai Technology University Bangalore are designed to be convenient and secure. Students can make payments through various modes including online banking, credit/debit cards, and demand drafts.
Payment Deadlines: Students are required to make payments by the specified deadlines to ensure uninterrupted enrollment. Late payments attract a penalty fee of INR 1,000 per day.
Refund Policy: The refund policy is applicable in cases of withdrawal from the program or transfer to another institution. Refunds are processed within 30 days of the withdrawal application, subject to verification of documents and compliance with university regulations.
Withdrawal Process: Students who wish to withdraw from the program must submit a formal application to the registrar's office. The application must include reasons for withdrawal and supporting documents. The refund amount is calculated based on the number of semesters completed and the fees paid.
Financial Planning: The university provides financial planning assistance to students to help them manage their expenses effectively. This includes guidance on budgeting, scholarship applications, and financial aid options.