Fees & Expenses - B. Tech. Marine Engineering
Fees & Estimated Expenses for the first year of batch commencing July 2018 were as follows:
|Particulars||Amount in Rs.|
|IMU Program Fee||25,000|
|Exam & Evaluation Fee||33,100|
|DGS Cess @ 1% of total fees||4,212|
|Medical Insurance Premium & Expenses||6,000|
|DGS Cess @ 1%||813|
|Total Estimated Expenses||82093|
|a. Caution Deposit (Refundable) of Rs.10,000/- is payable on admission.|
|b. The total approximate fee and expenses for the full program of four year period is Rs. 17.60 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|
TMI has facilitated an insurance policy with Future Generali Insurance Co. Ltd. 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
|Year of Student||Sum Insured for one parent|
* - Conditions apply
Charges for telephone calls, 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.
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.
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.