Fees and Financing

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Fees and Financing

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Academic Year 2023 - 2024

Candidates admitted in
(Cycle 1)
Candidates admitted in
(Cycle 2)
Candidates admitted in
(Cycle 3)
Candidates admitted in
(Cycle 4)
Candidates admitted in
(Cycle 5)
Commitment Fees
(Non-refundable)
1,00,0001,00,0001,00,0001,00,0001,00,000
(Payable by)Date mentioned in the letter of offerDate mentioned in the letter of offerDate mentioned in the letter of offerDate mentioned in the letter of offerDate mentioned in the letter of offer
First Instalment7,00,0007,00,0007,00,0007,00,0007,00,000
(Payable by)October 31, 2022December 5, 2022January
18, 2023
March
20, 2023
March
30, 2023
Second Instalment7,30,0007,30,0007,30,0007,30,0007,30,000
(Payable by)July
15, 2023
July
15, 2023
July
15, 2023
July
15, 2023
July
15, 2023
Third Instalment7,30,0007,30,0007,30,0007,30,0007,30,000
(Payable by)November
15, 2023
November
15, 2023
November
15, 2023
November
15, 2023
November
15, 2023
Grand Total22,60,00022,60,00022,60,00022,60,00022,60,000

Note:

1. The fees above include tuition fees, living expenses, and caution deposit.

2. The breakdown is as follows:

Tuition fees:20,00,000
Living expenses:2,30,000
Caution deposit (refundable)30,000
Total22,60,000

3. The first installment of Rs. 7,00,000 includes the refundable caution deposit of Rs 30,000.

4. Living expenses shall cover payment to IIM Udaipur towards food and hostel room charges. These living expenses do not cover any other personal expenses that the candidates may incur while living at IIMU campus.

5. In addition to the above, an Alumni Association Fee of Rs. 3,000/- will be payable at the time of payment of the third installment.

6. Goods and Services Tax (GST) is not applicable for this program.

Loans

Many major banks in India provide loans to cover most of the tuition fees and program expenses at IIMs. Details concerning rates of interest and other loan conditions should be confirmed directly with the banks.

State Bank of India-Scholar Education Loan Scheme

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