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Fee Structure Overview

The fee structure for the Banking program at The Institute Of Chartered Financial Analysts Of India University Aizawl is designed to provide quality education while ensuring affordability and transparency. The total cost for the four-year program is approximately INR 6.5 lakhs, distributed across eight semesters with various components that contribute to the overall educational experience.

The total fee for the entire program amounts to INR 10.12 lakhs (approximately 10.12 lakh) distributed across eight semesters with the above components. This comprehensive fee structure ensures that students have access to all necessary educational and residential facilities while maintaining financial accessibility.

Detailed Fee Components

Each component of the fee structure serves a specific purpose in providing students with quality education and support services:

Tuition Fee (INR 80,000 per semester)

The tuition fee covers the cost of instruction, academic resources, library access, laboratory facilities, and administrative services. This component represents the core investment in the educational experience provided by The Institute Of Chartered Financial Analysts Of India University Aizawl. The fee is structured to provide students with access to world-class faculty members, advanced learning technologies, and comprehensive academic support systems.

Hostel Rent (INR 25,000 per semester)

Hostel accommodation is provided to ensure that students have a comfortable and conducive environment for both academic and personal development. The hostel facilities are designed to promote student interaction, collaboration, and community building while maintaining high standards of safety and hygiene.

Mess Advance (INR 15,000 per semester)

The mess advance covers the cost of meals provided in the campus dining facilities. Students are required to pay an advance amount that is adjusted against their actual consumption during the semester. This system ensures fair billing and maintains quality food services for all students.

Student Benevolent Fund (INR 2,000 per semester)

This fund supports various student welfare initiatives including scholarships, emergency assistance, and recreational activities. The fund is managed by a committee that ensures equitable distribution of resources to students in need.

Medical Fees (INR 1,500 per semester)

The medical fee covers access to campus health services, preventive healthcare programs, and basic medical facilities. Students have access to qualified medical professionals who provide routine check-ups, emergency care, and health education.

Gymkhana Fees (INR 1,000 per semester)

This component funds student recreational activities, sports facilities, cultural events, and extracurricular programs. The gymkhana activities promote physical fitness, teamwork, and social interaction among students.

Examination Fees (INR 2,000 per semester)

The examination fee covers the cost of conducting academic assessments, maintaining examination centers, and processing results. This ensures that students have access to fair and standardized evaluation processes throughout their academic journey.

Hostel & Mess Charges

The hostel facilities at The Institute Of Chartered Financial Analysts Of India University Aizawl are designed to provide students with comfortable living arrangements that support their academic and personal development. There are different room types available to accommodate varying preferences and requirements:

Room Types

• Single Occupancy Room (INR 25,000 per semester)
• Double Occupancy Room (INR 18,000 per semester)
• Triple Occupancy Room (INR 15,000 per semester)

The hostel charges vary based on the room type selected by students. The facility provides modern amenities including air conditioning, internet connectivity, study spaces, and 24/7 security services to ensure student safety and comfort.

Mess Billing System

The mess billing system operates on a monthly advance payment basis with adjustments made at the end of each month based on actual consumption. Students receive meal cards that are linked to their account for easy tracking and billing purposes. The system ensures transparency in billing and provides students with detailed information about their consumption patterns.

Rebate Policies

Students who have specific circumstances such as medical emergencies or family issues may be eligible for rebates on hostel and mess charges. The rebate policy is designed to provide financial relief while ensuring fair treatment for all students. Applications for rebates must be submitted with supporting documents and are reviewed by the hostel management committee.

Fee Waivers, Concessions, and Scholarships

The Institute offers various fee waiver schemes and scholarship programs to support students from economically disadvantaged backgrounds. These financial aid options ensure that deserving students can access quality education without facing financial barriers:

Eligibility Criteria for Scholarships

• SC/ST/PwD Students: 100% fee waiver based on income certificate and category verification
• EWS Students: 50% fee concession based on EWS certificate and income slabs
• MCM (Meritorious Children of Meritorious Parents): 25% fee concession for students with outstanding academic performance

The income slabs for EWS category are as follows:

• Below INR 1,00,000 per annum
• INR 1,00,000 to INR 2,00,000 per annum
• INR 2,00,000 to INR 3,00,000 per annum

Scholarship Application Process

The application process for fee waivers and scholarships involves submitting necessary documents including income certificates, category certificates, and academic transcripts. Applications are reviewed by a dedicated committee that evaluates eligibility based on established criteria.

Benefits of Financial Aid Programs

Students who receive financial assistance through these programs can focus entirely on their studies without worrying about financial constraints. The support provided helps students complete their education successfully and pursue their career aspirations with confidence.

Payment Procedures & Refund Policy

The payment procedures for the Banking program are designed to be convenient, secure, and transparent:

Payment Deadlines

Students must make payments within the specified deadlines for each semester to avoid late fees and ensure continuous enrollment. The payment deadlines are communicated well in advance through official notices and portal updates.

Late Fee Calculations

Late fees are charged at 5% per month on the outstanding amount if payments are not made by the deadline. Students who wish to make late payments must contact the finance department to discuss payment arrangements and potential fee waivers.

Refund Policy

The refund policy is designed to provide students with clear guidelines for financial refunds in case of withdrawal or transfer from the institution:

• Withdrawal within 15 days: Full refund of tuition fees
• Withdrawal between 16-30 days: Refund of 80% of tuition fees
• Withdrawal after 30 days: No refund of tuition fees

The hostel charges are refunded based on the duration of stay, and mess charges are adjusted according to actual consumption. Students must submit formal applications for refunds along with supporting documents for review by the administration.

Financial Support Systems

The Institute provides comprehensive financial support systems to ensure that all students can access quality education without facing financial hardships:

• Payment installments: Students can opt for payment in installments
• Financial counseling: Dedicated counselors provide guidance on managing finances
• Emergency assistance: Support available for students facing unforeseen financial difficulties

These systems ensure that financial constraints do not become barriers to educational access and academic success.