IIM Indore Fees and Scholarship – IIM Indore, the sixth IIM in India, is well-known for its PGPM program. The institute offers 16 programs at post-graduate, executive, and doctoral levels. For the 2024-26 batch, the MBA fees are INR 21.17 Lakhs for Indian students and INR 30.11 Lakhs for international students. The executive MBA fees for the same batch are INR 22.11 Lakhs. In this article we have shared all information IIM Indore Fees and Scholarship, read entire article for more information.
IIM Indore Fees and Scholarship – Fees Structure
For Indian students through CAT:
| Head | PGP-1 (2024-25) | PGP-2 (2025-26) | ||||||
|---|---|---|---|---|---|---|---|---|
| Academic Expenses | Term 1 | Term 2 | Term 3 | Total | Term 4 | Term 5 | Term 6 | Total |
| Course Fee | 3,35,000 | 3,35,000 | 3,30,000 | 10,00,000 | 3,35,000 | 3,35,000 | 3,30,000 | 10,00,000 |
| Alumni Fee GST @ 18% | – | – | – | – | 11,800 | – | – | 11,800 |
| Medical Insurance Premium | 679 | – | – | 679 | 679 | – | – | 679 |
| Refundable Caution Deposit | 50,000 | – | – | 50,000 | – | – | – | – |
| Mess Deposit | 18,000 | 18,000 | 18,000 | 54,000 | – | – | – | – |
| Total | 4,03,679 | 3,53,000 | 3,48,000 | 11,04,679 | 3,35,679 | 3,35,000 | 3,41,800 | 10,12,479 |
For NRI/Foreign national students through GMAT:
| Head | PGP-1 (2024-25) | PGP-2 (2025-26) | ||||||
|---|---|---|---|---|---|---|---|---|
| Academic Expenses | Term 1 | Term 2 | Term 3 | Total | Term 4 | Term 5 | Term 6 | Total |
| Course Fee | 5,02,500 | 5,02,500 | 4,95,000 | 15,00,000 | 5,02,500 | 5,02,500 | 4,95,000 | 15,00,000 |
| Alumni Fee GST @ 18% | – | – | – | – | 11,800 | – | – | 11,800 |
| Medical Insurance Premium | 679 | – | – | 679 | 679 | – | – | 679 |
| Refundable Caution Deposit | 50,000 | – | – | 50,000 | – | – | – | – |
| Mess Deposit | 18,000 | 18,000 | 18,000 | 54,000 | – | – | – | – |
| Total | 5,71,179 | 5,20,500 | 5,13,000 | 16,04,679 | 5,03,179 | 5,02,500 | 5,06,800 | |
IIM Indore Fees And Scholarship – Hostel Fees
IIM Indore offers housing for students in hostels, providing single and shared rooms separated by gender. The hostels, arranged in groups of three blocks around the canteen, have a yearly cost of INR 54,000.
| Head | Amount in (INR) |
|---|---|
| Hostel Charges | 20,000 |
| Miscellaneous Fees | 15,500 |
| Refundable Caution Fees | 5,000 |
| Total | 40,500 |
| S.No | Heads | 2024-25 |
|---|---|---|
| 1 | Hostel Charges | 20,000 |
| 2 | Mess Deposit | 54,000 |
| Grand Total | 74,000 |
IIM Indore Fee and Scholarship – Payment Guidelines
Admission to IIM Indore’s PGP course relies on CAT scores, while international students may use GMAT. Executive course applicants must take GMAT or GRE. A merit list of selected students is then created based on exam scores.
Students must pay IIM Indore fees through online or offline methods. Here are the guidelines for online fee payment:
- Go to the official website of IIM Indore.
- Log in to the payment gateway using your credentials.
- Fill in the necessary information, such as your personal details and payment amount.
- Proceed to the account details section and make the payment using your preferred method (credit card, debit card, net banking, etc.).
- After successful payment, download the receipt for your records.
To pay IIM Indore fees online, students need to log in to the institute’s official website and choose the payment options. Online payment methods include:
- Net Banking
- Debit/Credit Card
Students can pay their fees at IIM Indore by visiting the Institute office and choosing from accepted offline payment methods, providing necessary details for the transaction, and receiving a confirmation receipt.
- Cheque in favour of the Institute’s Bank Account
- Depositing Demand Draft
IIM Indore Fees and Scholarship – Overseas Category Fees Payment Guidelines
International students at IIM Indore can pay their fees online in USD through wire or online transfer modes, and they will receive a remitted receipt after the payment.
IIM Indore Scholarship Details
IIM Indore provides financial help called Need-Based Financial Assistance (NBFA) for students with low family income. Additionally, there are scholarships from the Government of India and different industries/corporations available at IIM Indore.
The common ways to transfer fees at IIM Indore are:
- Wire Transfer
- Online payment
IIM Indore Fees and Scholarship – Need-Based Financial Assistance (NBFA)
IIM Indore provides NBFA scholarships through the PGP Executive Committee and NBFA Committee. Students with a family income below INR 4,50,000 in the last year qualify for these scholarships, and the amount of aid varies based on different income levels.
| Family Income in previous year (in INR) | Reimbursement Provided |
|---|---|
| <= 1,50,000 | 75% of tuition fee |
| 1,50,000 – 2,00,000 | 50% of tuition fee |
| 3,00,000 – 4,50,000 | 25% of tuition fee |
IIM Indore Fees and Scholarship – Scholarships offered by Central Government of India
The Central Sector Scholarship is for SC/ST students with a family income below INR 4,50,000, covering expenses like tuition, boarding, and more. The Minority Welfare Scholarship, based on merit and means, is for those with a family income not exceeding INR 2,50,000 per year, supported by the Ministry of Minority Affairs, Govt. of India.
IIM Indore Fees and Scholarship – Scholarships offered by Industries
Besides NBFA and government scholarships, there’s financial aid from industries. Some examples are listed below.
IIM Indore Fees and Scholarship – Aditya Birla Scholarships
Aditya Birla Group supports excellent students from the first year through their scholarship programs. Top 25 performers in CGPA can continue getting the scholarship in the second year, with 1 or 2 students receiving INR 1,75,000.
IIM Indore Fees and Scholarship – OP JEMS Scholarships
The top 20 students from the second year, judged by their previous year grades, can apply for OPJEMS Scholarships. Only 1 or 2 students are chosen through a written test and interview, receiving a reimbursement of INR 1,25,000.
IIM Indore Fees and Scholarship – State Bank of India Scholarships
SBI Scholarships are awarded annually based on merit, offering qualified students a reimbursement of INR 1,50,000.
IIM Indore Fees and Scholarship – Eicher Scholarships
Eicher Scholarships, awarded yearly based on merit, provide deserving students with INR 50,000.
IIM Indore Fees and Scholarship – Frequently Asked Question
Q1. How much are the IIM Indore fees for MBA?
Ans. For the 2024-26 batch, it’s INR 21.17 Lakhs for Indian students and INR 30.11 Lakhs for international students.
Q2. What financial assistance is available for low-income students?
Ans. Various scholarships, including Need-Based Financial Assistance and government-sponsored Minority Welfare Scholarships, are offered.
Q3. How are Aditya Birla Scholarships awarded?
Ans. Top-performing students in the first year, ranking among the top 25, can receive INR 1,75,000 in financial support.
Q4. How can students pay IIM Indore fees online?
Ans. Visit the official website, log in to the payment gateway, fill in required details, proceed with account information, and download the payment receipt for future reference.
