Fee Structure Overview
The total fee structure for the Risk Management program at The Institute Of Chartered Financial Analysts Of India University Ranchi is designed to provide comprehensive educational and living support to students while maintaining high academic standards.
| Semester | Tuition Fee | Hostel Rent | Mess Advance | Student Benevolent Fund | Medical Fees | Gymkhana Fees | Examination Fees | Total Annual Fee |
|---|---|---|---|---|---|---|---|---|
| Year 1 | 200000 | 80000 | 40000 | 5000 | 3000 | 2000 | 10000 | 340000 |
| Year 2 | 200000 | 80000 | 40000 | 5000 | 3000 | 2000 | 10000 | 340000 |
| Year 3 | 200000 | 80000 | 40000 | 5000 | 3000 | 2000 | 10000 | 340000 |
| Year 4 | 200000 | 80000 | 40000 | 5000 | 3000 | 2000 | 10000 | 340000 |
Detailed Fee Component Explanation
Tuition Fee: The tuition fee covers all academic instruction, access to library resources, and use of laboratory facilities. It is structured to provide comprehensive educational services throughout the four-year program.
Hostel Rent: Hostel accommodation is provided on a shared basis with modern amenities including air-conditioned rooms, common areas, study spaces, and 24/7 security services.
Mess Advance: The mess advance covers meal expenses for the entire academic year. Students are required to pay this amount in advance to ensure continuous food service provision.
Student Benevolent Fund: This fund supports students facing financial difficulties and provides emergency assistance for medical emergencies, family crises, or other unforeseen circumstances.
Medical Fees: Covers basic medical consultations, health check-ups, and essential medications during the academic period. The university has an on-campus medical facility with qualified doctors and nurses.
Gymkhana Fees: Provides access to sports facilities, gymnasium, recreational activities, and organized sports events throughout the academic year.
Examination Fees: Covers costs associated with conducting examinations, including question paper preparation, invigilation, and result processing.
Hostel & Mess Charges
The hostel facilities at our university are designed to provide a comfortable living environment for students while maintaining academic focus. Room types include:
- Single Occupancy Room: Private room with individual study space and basic amenities.
- Double Occupancy Room: Shared room with two beds, study desks, and common areas.
- Triple Occupancy Room: Shared room with three beds, communal study area, and shared bathroom facilities.
The mess billing system is comprehensive and includes:
- Monthly Billing: Students receive monthly bills for meals consumed during the academic year.
- Advance Payment: Monthly mess charges are collected in advance to ensure continuous service provision.
- Rebate Policies: Students can apply for rebates under specific circumstances such as medical leave or special occasions.
- Dining Options: The mess offers a variety of vegetarian and non-vegetarian options with daily menu planning and nutritional balance.
Fee Waivers, Concessions, and Scholarships
The university offers various financial assistance programs to ensure that deserving students can access quality education without financial barriers:
Eligibility Criteria for Scholarships
- SC/ST/PwD Category: Students belonging to SC, ST, or PwD categories are eligible for 100% fee waiver.
- EWS Category: Students from Economically Weaker Sections receive 50% fee concession.
- MCM (Meritorious Children of Meritorious Parents): Eligible students receive 25% fee concession based on academic performance and family income.
The application process for financial aid involves:
- Document Submission: Applicants must submit relevant certificates and income proofs as specified by the university.
- Verification Process: The university conducts thorough verification of all submitted documents.
- Approval and Disbursement: Approved applications are processed within 30 days, with financial assistance disbursed directly to the student's account.
Payment Procedures & Refund Policy
The payment procedures for fee collection are designed to be convenient and transparent:
- Online Payment: Students can make payments through online banking, credit/debit cards, or digital wallets.
- Bank Transfer: Direct bank transfers are accepted with proper documentation.
- Installment Plan: The university offers installment plans for students who require financial flexibility.
Late Fee Calculations: A late fee of 500 INR per day is applicable for delayed payments beyond the due date.
Refund Policy: Refunds are processed according to university regulations with specific conditions:
- Withdrawal Before Commencement: Full refund if withdrawal occurs before the start of classes.
- Withdrawal During Academic Year: Refund of 70% of fees if withdrawal occurs within the first three months of the academic year.
- Withdrawal After Three Months: Refund of 40% of fees after three months of the academic year.
The refund process typically takes 30-45 days to complete upon submission of all required documents and approval from relevant authorities.