fees

Fee Structure & Schedule

Component of Academic Fees Indian Rupees Payment Due Date
Admission Acceptance Fee 25,000 One week from the Admissions offer date*
Part 1 of first Instalment fees 75,000 Two weeks from the Admissions offer date*
Part 2 of first Instalment fees 1,20,000 Three weeks from the Admission offer date*
First Year Living fee** 2,15,000 01-Jul-25
Caution Deposit^^ 50,000
Miscellaneous Fees (for usage of Sports and Gym facility) 5,000
BBA programme commencement   04-Jul-25
Second Instalment fees 1,60,000 01-Sep-25
Third Instalment Fees 1,60,000 01-Dec-25
Fourth Instalment Fees 1,60,000 01-Jun-26
Fifth Instalment Fees 1,60,000 01-Sep-26
Sixth Instalment Fees 1,60,000 01-Dec-26
Seventh Instalment Fees 1,60,000 01-Jun-27
Eighth Instalment Fees 1,60,000 01-Sep-27
Ninth Instalment Fees 1,60,000 01-Dec-27
Alumni Fee 5,000

Note : 

* For candidates selected in the final round of interview, the fees are payable by 30 June 2025

^^ The caution deposit of INR 50,000/– will be refunded at graduation from IFMR GSB, Krea University, or withdrawal of admission subject to recoveries, if any, pending from the student

*Please note that living expenses include monthly launderette costs of up to Rs 500 [if you incur beyond that, you need to pay extra]

Living fee for AY 2026-27 is INR 2,25,000/- tentatively (subject to revision)

Living expenses for each academic year are payable on the following dates

AY 2026 – 27 on/before 30 Jun 2026

AY 2027 – 28 on/before 30 Jun 2027

AY 2028 – 29 on/before 15 Jun 2028

AY 2029 – 30 on/before 15 Jun 2029

 

Refund Policy

No Percentage of refund of aggregate fees Date when notice of withdrawal of admission is served to Krea Krea will refund if the withdrawal request is received on or before
1 100% 15 days or more before the formally-notified last date of admission 1 July 2023
2 90% Within 15 days before the formally – notified last date of admission 15 July 2023
3 80% Within 15 days after the formally – notified last date of admission 29 July 2023
4 50% Between 16 days and 30 days after the formally -notified last date of admission 14 Aug 2023
5 0 More than 30 days after the formally notified last date of admission No refunds for requests received on or later than14 Aug 2023

Note:

  1. An amount of 5% of the fees paid by the student subject to a maximum of Rs. 5,000/- as processing charges from the refundable amount will be deducted towards processing charges before making the refund wherever applicable.
  2. Fees shall be refunded to an eligible student within fifteen days from the date of receiving a written application from him/her in this regard. Requests for refund should be made to the Fee Centre [email protected] with the Office of Admissions [email protected]in copy. 
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