fees and financing

Programme Fee

THE PROGRAMME FEE FOR THE ACADEMIC YEAR commencing in 2021 is ₹47,00,000 plus taxes. The fee includes admission fee, tuition fee, boarding and lodging expenses for the residencies.

Admitted students are required to pay a non-refundable admission fee in order to secure a seat in the class.

FEE	AMOUNT (₹)
*Admission Fee (Non-refundable)	2,00,000
*Tuition Fee	45,00,000
*Alumni Fund Contribution	25,000
*Lifetime use of Recreation centre and Library	15,000
Security Deposit (Refundable)	20,000
Total	47,60,000

_{*Taxes applicable as per law will be levied and are subject to change.}

_{The admission fee is non-refundable and payable on acceptance of the offer. The tuition can be paid either in a single payment or in three installments.}

Alumni Fund Contribution

An alumni membership of ₹ 25,000, plus GST is payable by all participants of the programme by July 31, 2021. The alumni membership is non-refundable for participants who successfully graduate from the programme. This fee will be fully refundable for participants who do not graduate from the programme either due to withdrawal or failure to clear the examinations.

Lifetime Use of Recreation Facilities and Library

A one-time fee of ₹ 15,000, plus GST must be paid towards a lifetime use of the ISB Recreation Centre. This fee is applicable for participants of all degree-equivalent programmes at ISB.

Security Deposit

A refundable security deposit of ₹ 20,000 has to be paid in addition to the programme fee. This amount is refundable after deduction of any dues payable to the School.

Additional Expenses

The additional expenses (not included in the program fee) that a student is expected to incur are:
They will be incurred on:

Travel to ISB Hyderabad or Mohali campuses.
Purchase of laptops and other electronic aids recommended by ISB.
Other miscellaneous expenses like mini bar, laundry, beverages, meals outside campus etc

Payment Schedule

Participants have the option to pay the fees in a single payment or installments.

Please refer to the payment schedule for details:

Participants who wish to complete the programme in two years, subject to the approval of the dissertation chair, will have to pay the third installment by July 31, 2022.

After Year 3, the tuition fee is ₹3,00,000 (excluding taxes) per year until completion or until the maximum candidature period of 5 years is reached.

_{FEE ITEM}	_{AMOUNT (₹)}	_{GST AT 18%*}	_TOTAL	_{PAYABLE BY}
_{Admission Fee}	_2,00,000	_36,000	_2,36,000	_{Within 15 days of admission offer}
_{1st Instalment}	_20,00,000	_3,60,000	_23,60,000	_{July 31, 2021}
_{2nd Instalment}	_15,00,000	_2,70,000	_17,70,000	_{July 31, 2022}
_{3rd Instalment}	_10,00,000	_1,80,000	_11,80,000	_{July 31, 2023}
_{Total Amount}	_47,00,000	_8,46,000	_55,46,000

_NOTE

_{GST/Applicable tax rate applicable as notified by the Government from time to time.}
_{The School realises its fee in Indian Rupees. Participants who want to remit the fees in foreign currency can do so by remitting the equivalent foreign currency based on the prevailing exchange rate.}
_{The refund of any fee is subject to the refund policy prevailing at the time of seeking a refund.}

Loans

Financial assistance in the form of tuition fee loans may be available to the students of the programme.

The sanction of loans is at the complete discretion of the financial institutions concerned. You may contact the below financial institutions for student loans.

Credila Financial Services Ltd

Contact: Vicky Francis
Mobile No. +91 98237 36643
Email ID: vickyf@hdfccredila.com
Customer Service: 1800-209-3636

Avanse Financial Services Pvt Ltd

Contact: Sourabh Das Gupta
Mobile No.: +91 77182 20355
E-mail ID: sourabh.dasgupta1@avanse.com
Customer Service : 1800-833- 6333

Tuition Fee Waiver

Tuition fee waiver may be awarded to candidates from below mentioned categories.

_CATEGORY	_{% of Tuition Fee}
_{ISB alumni from PGP, PGPMAX, PGPMFAB and PGPpro programmes}	_25%
_{ISB alumni from the ISB Executive Education programmes}	_10%
_{Employees from companies participating in the ISB campus placements for the past five years}	_10%

How to Apply?

If you are an applicant from the above mentioned categories, please send proof of your eligibility to the programme office via email requesting for a waiver.

_NOTE:

_{The tuition fee does not cover admission fee and application fee}
_{The number of fee concessions are limited and at the discretion of the school.}
_{Mere application does not guarantee admission to the programme or the fee concession.}
_{Only one criterion can be availed for fee waivers from among the criteria mentioned above.}