Fee Structure for Business Administration Program
The fee structure for the Bachelor of Business Administration program at The Institute Of Chartered Financial Analysts Of India University Ranchi is designed to provide quality education while ensuring accessibility for deserving students. The total cost includes tuition fees, hostel charges, mess fees, and various other components that contribute to the overall educational experience.
Annual Fee Structure
| Semester | Tuition Fee | Hostel Rent | Mess Advance | Student Benevolent Fund | Medical Fees | Gymkhana Fees | Examination Fees | Total Amount |
|---|---|---|---|---|---|---|---|---|
| Semester 1 | 80000 | 45000 | 25000 | 1000 | 2000 | 1500 | 3000 | 167500 |
| Semester 2 | 80000 | 45000 | 25000 | 1000 | 2000 | 1500 | 3000 | 167500 |
| Semester 3 | 80000 | 45000 | 25000 | 1000 | 2000 | 1500 | 3000 | 167500 |
| Semester 4 | 80000 | 45000 | 25000 | 1000 | 2000 | 1500 | 3000 | 167500 |
| Semester 5 | 80000 | 45000 | 25000 | 1000 | 2000 | 1500 | 3000 | 167500 |
| Semester 6 | 80000 | 45000 | 25000 | 1000 | 2000 | 1500 | 3000 | 167500 |
| Semester 7 | 80000 | 45000 | 25000 | 1000 | 2000 | 1500 | 3000 | 167500 |
| Semester 8 | 80000 | 45000 | 25000 | 1000 | 2000 | 1500 | 3000 | 167500 |
Fee Component Breakdown
The total fee structure is divided into several components that reflect the comprehensive nature of the educational experience provided by our institution.
Tuition Fee: The tuition fee covers access to academic resources, faculty instruction, and curriculum development. It represents the core component of the educational investment and is designed to provide quality education through experienced faculty and modern facilities.
Hostel Rent: Hostel accommodation provides students with a comfortable living environment conducive to academic excellence. The rent covers maintenance, utilities, security, and other hostel-related services that ensure student welfare during their academic journey.
Mess Advance: The mess advance covers the cost of meals provided in the campus hostel facilities. This ensures that students have access to nutritious food while maintaining a healthy lifestyle that supports their academic performance.
Student Benevolent Fund: This fund supports students facing financial hardships and provides emergency assistance for medical emergencies, family crises, or other unexpected situations that may affect their education.
Medical Fees: Medical fees cover healthcare services provided to students within the campus health center. These services include routine checkups, emergency care, and specialized medical attention when required.
Gymkhana Fees: The gymkhana fees support recreational activities and sports facilities that promote physical fitness and overall well-being among students.
Examination Fees: Examination fees cover the costs associated with conducting academic assessments, including question paper preparation, invigilation, and result processing.
Hostel & Mess Charges
The hostel accommodation at our university offers comfortable living conditions for students pursuing their education. The campus provides various room types to accommodate different preferences and requirements.
Room types include single occupancy rooms, double occupancy rooms, and shared accommodation options with varying amenities. Each room is equipped with basic furniture, internet connectivity, and essential utilities to ensure a comfortable living environment.
The mess billing system operates on a monthly basis with flexible payment options. Students can choose from various meal plans that suit their dietary preferences and requirements. The mess provides nutritious meals prepared by professional chefs following hygiene standards and nutritional guidelines.
Rebate policies are available for students who may be absent due to valid reasons such as medical emergencies, family obligations, or academic commitments. These policies ensure that students are not financially burdened for circumstances beyond their control.
Fee Waivers, Concessions, and Scholarships
The university offers various financial assistance programs to support students from economically disadvantaged backgrounds and meritorious candidates who demonstrate exceptional academic performance.
Fee waivers are available for students belonging to SC/ST/PwD categories with income slabs up to 200000 per annum. These waivers provide significant relief in terms of educational expenses while ensuring access to quality education for deserving students.
EWS category students with income slabs between 200000 and 400000 per annum are eligible for partial fee concessions that reduce their financial burden without compromising the quality of education.
MCM (Minority Community Members) students who meet specific criteria may also be eligible for fee concessions based on their economic status and academic performance.
The application process for fee waivers involves submission of relevant documents including income certificates, caste certificates, and academic records. Students must follow the prescribed procedures and deadlines to ensure consideration for financial assistance.
Payment Procedures & Refund Policy
The payment procedure for fees follows a structured approach with clear deadlines and processing mechanisms. Students are required to make payments through online banking, net banking, or other approved payment methods to ensure smooth transaction processing.
Payment deadlines are clearly communicated to students through official notices and portal announcements. Late fee calculations are applied for payments made beyond the specified deadline, with rates varying based on the delay period.
The refund policy provides guidelines for processing refunds in cases of withdrawal from the program or other valid circumstances. Students must follow the prescribed procedures and submit necessary documentation to initiate the refund process. Refunds are processed through official channels and may take several weeks to be credited to the student's account.