Fee Structure and Financial Support
The fee structure for the Finance program at The Institute Of Chartered Financial Analysts Of India University Ranchi is designed to provide quality education while ensuring accessibility for students from diverse economic backgrounds. The comprehensive fee breakdown includes all charges for the four-year program duration.
Annual Fee Structure (Per Semester)
| Fee Component | Amount (INR) |
|---|---|
| Tuition Fee | 450000 |
| Hostel Rent | 80000 |
| Mess Advance | 120000 |
| Student Benevolent Fund | 5000 |
| Medical Fees | 3000 |
| Gymkhana Fees | 2000 |
| Examination Fees | 2000 |
| Other Charges | 15000 |
| Total Annual Fee | 687000 |
Fee Component Details
Tuition Fee
The tuition fee covers all academic instruction, access to university libraries, laboratory facilities, and educational resources. This fee is structured to ensure quality education through experienced faculty and modern teaching methodologies. The amount includes charges for the entire four-year program with annual adjustments based on inflation and infrastructure development costs.
Hostel Rent
Students are required to stay in university-hosted accommodation, which provides a safe and conducive environment for academic learning. The hostel rent covers room maintenance, utilities, security services, and other amenities provided within the campus facilities. The university maintains high standards of hygiene and safety in all hostel accommodations.
Mess Advance
The mess advance covers meal expenses for the entire semester, ensuring students have access to nutritious and hygienic food throughout their academic journey. The mess facility provides three meals daily with varied menu options to accommodate different dietary preferences and requirements.
Student Benevolent Fund
This fund supports students from economically disadvantaged backgrounds through various assistance programs including emergency aid, educational grants, and scholarship opportunities. The fund is managed by the university administration and allocated based on need assessment.
Medical Fees
The medical fee covers access to university healthcare facilities, including basic medical consultations, emergency services, and preventive health checkups. Students receive comprehensive medical support to ensure their health and well-being during their academic years.
Gymkhana Fees
This fee supports the university's sports and recreational activities, including access to gymnasium facilities, sports equipment, and organized sporting events. The fees contribute to maintaining quality athletic infrastructure for student development.
Examination Fees
The examination fee covers all assessment-related costs including question paper preparation, evaluation, result processing, and certification services. This ensures fair and transparent evaluation processes throughout the academic program.
Other Charges
This category includes miscellaneous expenses such as library charges, laboratory usage fees, administrative costs, and other incidental charges related to academic activities. These charges are minimal and essential for maintaining quality educational services.
Hostel & Mess Charges
The university provides well-maintained hostel facilities with various room types to accommodate different student needs:
- Single Occupancy Rooms: Private rooms with basic amenities, priced at 20,000 INR per semester
- Double Occupancy Rooms: Shared rooms with basic amenities, priced at 15,000 INR per semester
- Triple Occupancy Rooms: Shared rooms with additional amenities, priced at 12,000 INR per semester
The mess billing system operates on a monthly basis with advance payments required for the entire semester. Students receive detailed bills and can make payments through multiple channels including online banking, mobile applications, and campus payment centers.
Fee Waivers, Concessions, and Scholarships
The university offers various financial assistance programs to ensure accessibility of quality education:
- SC/ST/PwD Category: 100% fee waiver for students from these categories with proper documentation
- EWS Category: 50% fee concession for economically weaker sections with income below 8 lakhs per annum
- MCM (Meritorious Students): 25% fee concession for top performers in entrance examination
The eligibility criteria for these financial aid options are strictly verified through documentation and income certificate validation. Students must submit appropriate certificates and undergo verification processes to qualify for these benefits.
Payment Procedures & Refund Policy
Payment procedures are designed to be convenient and transparent:
- Payment Deadlines: Fees must be paid by the first week of each semester with specific deadlines for each component
- Payment Methods: Online banking, credit/debit cards, NEFT/RTGS transfers, and campus payment centers are accepted
- Late Fee Calculation: 5% late fee on outstanding amounts after the deadline with maximum cap of 10,000 INR
The refund policy ensures fair treatment in case of withdrawal or transfer:
- Withdrawal Refunds: 80% refund of tuition fee and hostel rent upon official withdrawal application
- Transfer Refunds: Appropriate refunds based on duration of stay with documentation requirements
- Refund Processing Time: 30 days for processing refund applications with clear communication of status