PGDM - A complete guide to ITM Navi Mumbai fees
ITM Navi Mumbai is a well-known educational institution that offers postgraduate programs in management. Get a complete guide on fees structure, payment options, and additional charges for the PGDM Batch 2023-25 program. Read on to discover the total program fees for the two-year course.
ITM Navi Mumbai is a well-known educational institution that offers postgraduate programs in management. For aspiring students who want to enroll in the PGDM Batch 2023-25 program, it's essential to understand the fee structure and payment options.
Fees
The fee components of the ITM Navi Mumbai PGDM program are an essential consideration for aspiring students who want to enroll in the PGDM Batch 2023-25 program. The two-year program is divided into two parts: the seat reservation fee (SRF) and the balance of first-year fees.
The SRF is a non-refundable fee of Rs. 25,000, which is required to be paid at the time of accepting admission to the program. This fee is paid to confirm the student's seat in the program, and it is not refundable under any circumstances.
The balance first-year fees amount to Rs. 4,95,000, and it should be paid on or before the date of program commencement, 18 June 2023. This fee covers the first year of the program and includes tuition fees, library fees, computer fees, examination fees, and other charges related to academic activities.
For the second year of the program, the fees are due to be paid on or before the second-semester examination, which falls on 15 March 2024. The total fee for the second year is Rs. 5,75,00, which covers tuition fees, library fees, computer fees, examination fees, and other charges related to academic activities.
The total program fees for the two-year course amount to Rs. 10,95,000. This fee covers the entire program, including the SRF, first-year, and second-year fees. It is important to note that the program fees do not include accommodation charges, payable separately.
Payment Options
ITM Navi Mumbai offers various payment options for students to pay their fees. The preferred mode of payment is online, and the following are the options available:
Payment Gateway: Students can pay their fees online using a credit/debit card or net banking. The payment gateway is available on the official website of ITM Navi Mumbai, and students can log in using their credentials to make the payment.
NEFT/RTGS: Students can also make the payment through NEFT/RTGS. The details for the same are available on the official website of ITM Navi Mumbai.
Cheque/Demand Draft: Students can also pay their fees through a cheque or demand draft. The cheque/demand draft should be in favour of "ITM Group of Institutions" and should be sent to the institute's address.
Additional Charges
Apart from the program fees, students may also incur additional charges, which are not included in the program fees. These charges are as follows:
Accommodation Charges: Students who require accommodation can opt for the institute's hostel facility, which is available on campus. The hostel charges are not included in the program fees, and students need to pay separately for the same.
Exam Re-evaluation Fee: If a student wants to re-evaluate their examination papers, they need to pay a fee of Rs. 500 per paper.
Additional Transcript Fee: If a student requires an extra copy of their transcript, they need to pay a fee of Rs. 500 per copy.
Library Fines: Students who fail to return books on time may incur library fines, which they need to pay before the commencement of the following semester.
Late Payment Fee
It's important to note that a late payment fee of Rs. 5,000 is applicable after the due date mentioned above. Additionally, if you fail to pay within 30 days from the commencement of the program, your admission is liable to be canceled due to non-payment of fees.
Hostel Fees
ITM Navi Mumbai offers deluxe hostel accommodation on campus, featuring well-furnished twin-sharing rooms, a housekeeping facility, a cafeteria, water coolers, electronic security, power backup, internet access, etc. Men and women students are housed in separate wings. However, it's important to note that hostel accommodation is optional and not included in the program fee.
The hostel accommodation is Non AC and valid for 11 months from the date of the program commencement, renewable in the second year. The hostel will be allocated on a first-come-first-serve basis, and students are required to pay the total fees at the earliest to reserve their seats in the hostel. The hostel fees for the first year and second year are Rs. 1,00,000 each.
Bank Account Details for NEFT/RTGS
To make the payment, students need to transfer the fees to ITM Business School, Navi Mumbai's bank account through NEFT/RTGS. The account details are as follows:
Beneficiary Name: Institute for Technology and Management Trust
Beneficiary Account: 200999361735
Beneficiary Bank Name: IndusInd Bank Ltd
Beneficiary Branch: Andheri
Beneficiary RTGS/IFSC Code: INDB 000 0018
Students are required to share the payment receipt/acknowledgement details via email to pgdm.admissions@itm.edu.
Education Loan Providers
Several education loan providers are partnered with ITM, including IDFC First Bank, HDFC Credila, Bank of Baroda, ICICI Bank, Saraswat Bank, Financepeer, GrayQuest, Jodo, Liquiloans, and Credence Finance.
The loan providers have different eligibility criteria, including interest rates, moratorium periods, repayment periods, and loan amounts. Students can choose the loan provider that suits their requirements and apply for an education loan to fund their program.
Conclusion
ITM Navi Mumbai's PGDM program is an excellent opportunity for students who want to pursue a career in management. The program fee, hostel fee, and payment timelines have been explained in this complete guide. Additionally, students can apply for education loans to fund their programs. We hope this guide has helped you understand the various fee components and payment options for the ITM Navi Mumbai PGDM program.
