Fee Structure
The fee structure for the MBA program at Rk University Rajkot is designed to be transparent and affordable, with all components clearly outlined for students and their families. The total fee for the two-year program is approximately 12 lakhs, which includes tuition, hostel, mess, and other charges.
| Component | Amount (INR) |
|---|---|
| Tuition Fee | 600000 |
| Hostel Rent | 200000 |
| Mess Advance | 100000 |
| Student Benevolent Fund | 5000 |
| Medical Fees | 5000 |
| Gymkhana Fees | 2000 |
| Examination Fees | 5000 |
| Other Charges | 10000 |
Fee Components
Tuition Fee: The tuition fee covers the cost of instruction, access to academic resources, and support services. It is divided into two semesters, with each semester costing 300,000 INR.
Hostel Rent: The hostel rent is charged per semester and covers accommodation, utilities, and basic amenities. The rent is inclusive of internet and electricity.
Mess Advance: The mess advance is a one-time payment that covers the cost of meals for the entire academic year. The amount is adjusted based on the number of meals consumed.
Student Benevolent Fund: This fund supports students in need and is a small contribution towards the welfare of the student community.
Medical Fees: This fee covers basic medical services and health check-ups during the academic year.
Gymkhana Fees: This fee supports the recreational and sports activities of students.
Examination Fees: This fee covers the cost of conducting examinations and evaluating student performance.
Other Charges: This includes miscellaneous charges such as library fees, laboratory fees, and administrative costs.
Hostel & Mess Charges
The hostel facilities at Rk University Rajkot are designed to provide a comfortable and conducive environment for students. The hostel charges are inclusive of all basic amenities, including internet, electricity, and maintenance.
There are different room types available, including single, double, and triple occupancy rooms. The charges for each room type vary based on the amenities and facilities provided.
The mess billing system is designed to be transparent and efficient. Students are required to pay a mess advance at the beginning of the academic year, which is adjusted based on the number of meals consumed. The mess charges are updated annually based on the cost of living and inflation.
Rebate policies are in place for students who are absent for a certain number of days due to valid reasons such as illness or family emergencies. The rebate is calculated based on the number of days of absence and the applicable mess charges.
Fee Waivers, Concessions, and Scholarships
Rk University Rajkot offers several fee waivers, concessions, and scholarships to deserving students. These financial aid options are designed to support students from economically disadvantaged backgrounds and ensure that quality education is accessible to all.
SC/ST/PwD Category: Students belonging to SC/ST/PwD categories are eligible for a 50% concession on tuition fees. The eligibility is determined based on the caste certificate and other relevant documents.
EWS Category: Students from the Economically Weaker Sections (EWS) category are eligible for a 25% concession on tuition fees. The eligibility is determined based on the income certificate and other relevant documents.
MCM (Married Children of Military Personnel): Students who are children of military personnel are eligible for a 50% concession on tuition fees. The eligibility is determined based on the service certificate and other relevant documents.
Scholarships: The university offers merit-based scholarships to top-performing students. The scholarship amount varies based on the student's performance and the category of scholarship.
The application process for fee waivers, concessions, and scholarships is straightforward. Students are required to submit the necessary documents and fill out the application form online. The university reviews the applications and approves the eligible students.
Payment Procedures & Refund Policy
The payment procedures for the MBA program at Rk University Rajkot are designed to be simple and secure. Students are required to pay the fees online through the university's payment gateway or through NEFT/RTGS.
Payment deadlines are clearly communicated to students, and late fees are applicable for payments made after the deadline. The late fee is calculated at 5% per month on the outstanding amount.
The refund policy is in place to ensure that students receive a refund in case of withdrawal or other valid reasons. The refund is processed within 30 days of the application for refund, subject to the deduction of any applicable fees or dues.
Students who withdraw from the program are eligible for a refund of the fees paid, subject to the deduction of administrative charges and any outstanding dues. The refund process is initiated by the student through the online portal, and the refund is processed within 30 days.