Fees & Refund Rules

Maharashtra & OMS-Open / General Category Candidates :
The candidates selected for admission should pay the fees under different heads and as prescribed by Shikshan Shulka Samiti from time to time. The exact amount of the fees payable by the candidate will be notified at the time of admission. The fees for MBA I year is interim fees and the SSS declares the final fees by September/October of each Academic Year. In case the final fees are less than the interim fees, the Institute refunds the fees within a month. Likewise if the final fees are more than the interim fees, the students have to deposit the fees within a month.

Fees Payment:
DD: The fees are paid by D.D. drawn in favour of ‘DIRECTOR AISSMS IOM, PUNE’ payable at Pune.

Other Fees:
Other fees charged by the University are to be paid by the students as per the time schedule announced by the University.

Installment Facility:
• Students have to pay the fees for MBA I at the time of admissions in lumpsum.
• Students have to pay the fees for MBA II by June 30th of the next Academic Year.

The examination fees will be as prescribed by University of Pune from time to time.

Refund Rules:
Refund of Tuition, Development and Other fees after cancellation of admission secured through CAP rounds, Institute level round(s) and Vacancy Round(s) of admissions:

(Reference: 1) AICTE Guidelines No‐ AICTE/Legal/04(01)/2007, April 2007 & Circular No.698 Dated: 24th August 2007 issued by Pravesh Niyantran Samiti, Mumbai.)
2) Minutes of the meeting, Item No 5(e), Shikshan Shulka Samiti & H&T, Dated 9th January 2013

The candidate who has been provisionally admitted may cancel admission by submitting an online application through candidate’s login only. The candidate shall submit online system generated application duly signed by the candidate for cancellation to the institute in duplicate. The refund of fees as applicable shall be made in due course. It is made clear that such application for cancellation will be considered if and only if the admission is confirmed by paying the prescribed tuition fee and other fees in full and by submitting the original documents. Refund shall be made after deduction of the cancellation charges as shown below:

Sr.No. Situation Refund
1 Cancellation Request Received before cut off date and if a seat is filled in that course before the cutoff date. Entire fee less Rs. 1000/-
2 Cancellation Request Received before cut off date but ‘a seat’ could not be filled in that course before the cutoff date. No Refund (exceptsecurity deposit)

• Entire amount of Security/Caution Money Deposit is to be refunded to candidate.

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