Fees & Expenses - B. Tech. Marine Engineering

Fees & Estimated Expenses for the first year of batch commencing July 2019 were as follows:

Particulars  Amount in Rs.
Admission            12,000
Orientation               9,000
Tuition            94,000
Practical Training            112,000
Hostel          150,000
Students Welfare            24,000
Total fees 401,000
DGS Cess @ 1% of total fees               4,010
Books               5,000
Stationery              6,000
Uniform            20,000
Laundry              3,780
Messing            44,400
Medical Insurance Premium & Expenses          6,000
DGS Cess @ 1%  852
Total Estimated Expenses            86032
IMU Fee 35,000
YEAR TOTAL 526,042
a.  Caution Deposit (Refundable) of Rs.20,000/- is payable on admission.
b.  The total fees and expenses for the full program of four year period are approximately Rs. 18.01 lakhs
c.  Fees and estimated expenses are indicative and are subject to change.
d.  Female students will be entitled to a waiver of 50% in Tuition fee for each semester.
e.   Estimated expenses are charged on actuals.
f.  Statutory taxes / levies, if any imposed, will be charged on actuals.
g.  Amounts due for each semester will be payable at the beginning of the semester as detailed in the website.
h.   Late fee will be charged for payments after due date.
i.    Value added courses undertaken by the students will attract additional fees.
j.  Separate charges would be levied at actual costs incurred by the Institute in respect of excursions, visits, medical expenses (to the extent not covered under insurance).
k. Fees, Estimated Expenses and Caution Deposit are payable in either of the modes mentioned below -
     - Demand Draft in favour of 'Tolani Maritime Institute' at any of the HDFC Bank branches
     - online though our website www.tmi.tolani.edu

Medical Insurance

TMI has facilitated an insurance policy with Bharti Axa Insurance at a one time cost of Rs. 6,000 per student for all years of study on campus. This policy covers the following*:

1. Accidental death of student                                - Rs.5,00,000/-

2. Hospitalisation expenses for student               - Rs.1,00,000/- per year

3. Accidental death of bread winning parent as follows:
Year of Student Sum Insured for one parent
1st year Rs.18,00,000/-
2nd year Rs.12,50,000/-
3rd year Rs.7,60,000/-
4th year Rs.2,80,000/-

* - Conditions apply

Other Charges

Charges for medical expenses, educational excursion trips etc. will be charged as per actuals. Personal discretionary expenditure is the responsibility of each student. An advance for all estimated expenses during the semester shall be payable before the commencement of each semester.

Girl Students

TMI is committed to encouraging girl's participation in the maritime industry and therefore is very supportive of inducting girls into its programmes. To this end, girl students receive a reduction of 50% of Tuition fees per semester.

Payment of Fees

All fees are required to be paid at the beginning of each semester. Management may take necessary action if fee payment is delayed.

Financial Assistance

TMI degree programmes are approved by AXIS Bank, HDFC Bank, Corporation Bank, State Bank of India and Credila (an HDFC Ltd. Company). However, candidates can approach any bank for financial assistance.