Programme Expenses

Fee and Payment Schedule - Class of 2019

SNo
Particular 
Amounts in INR

1

Admission fee - non refundable - Payable within 10 days on receipt of offer of admission

        250,000

 

GST at 18%

          45,000

 

Total admission fee -non refundable- Paid at the time of Enrollement

        295,000
Students have the option of paying the other fees either in one instalment or two instalments. The Details are as follows :
  Amount payable if paid in single instalmentAmount payable if paid in two installments
1st Instalment2nd Instalment*
Shared AccommodationStudio AccommodationShared AccommodationStudio AccommodationShared AccommodationStudio Accommodation

Due on or before 5-4-2018

Due on or before 5-4-2018

Due on or before 7-9-2018

2

Tuition fee

    2,250,000

           2,250,000

      1,125,000

    1,125,000

       1,125,000

     1,125,000

3

Living fee 

       277,350

             400,400

          138,675

       200,200

          138,675

        200,200

4

Onetime fee for ISB Alumni for use of ISB Library & Recreation Centre

         10,000

                10,000

 10,000

         10,000

                      -

                   -

 

Total fees

    2,537,350

           2,660,400

       1,273,675

    1,335,200

       1,263,675

     1,325,200

5

Interest @ 10% on 2nd Installment

                  -

                          -

                      -

                  -

            53,317

          55,913

 

Subtotal

    2,537,350

           2,660,400

       1,273,675

    1,335,200

       1,316,992

     1,381,113

6

GST at 18%

       456,723

              478,872

          229,262

       240,336

          237,059

        248,600

7

Alumni Association Membership Deposit (transferable to Alumni association fund upon graduation)

         25,000

                25,000

            25,000

         25,000

                      -

                   -

8

Security Deposit ( Interest free refundable at the end of the academic year)

         20,000

                20,000

            20,000

         20,000

                      -

                   -

9

Insurance Premium towards hospitalisation insurance policy

 At Actuals

 At Actuals

 At Actuals

 At Actuals

                      -

                   -

 Total amount payable     3,039,073           3,184,272       1,547,937    1,620,536       1,554,050     1,629,713

a. ISB reserves the right to accept delayed payment  between 6 - 14 April 2018  with late payment fee of INR 10000/- plus taxes on case to case basis. The decision of authorised person of ISB shall be final in such cases
 
b. *Taxes and cesses shall be payable as per the rates applicable at the time of payment



Other Estimated Expenses for PGP per Student on Campus*

 

SL.NO
PARTICULARS
APPROXIMATE AMOUNT IN INDIAN RUPEES PER ANNUM

1

Books

20000

2

Laptop

50000

3

Meal Plans

75000

4

Other expenses towards IT support, Laundry, electricity, documentation expenses, photocopy charges etc.

50000

 

Total      

1,95,000