91- 6303239042
Group
IIM Indore MBA Fees 2026
IIM Indore set a ₹24 lakh course fee across the 2026-2028 academic years for Indian candidates. International candidates pay a higher ₹36 lakh course fee across the same duration. However, your actual payment includes deposits and other applicable charges. The fee structure also differs for candidates entering through CAT and international applicants. So, what is the IIM Indore MBA fee across the semesters and how to mould your finances across the 2-year MBA.
IIM Indore Fee Structure 2026
IIM Indore has separate fee structures for Indian and international candidates. CAT-qualified Indian candidates pay ₹12 lakh as the course fee annually.
For the 2026-27 academic year, the first-year course fee is ₹12 lakh. The second-year course fee remains ₹12 lakh for 2027-28. A refundable caution deposit and mess deposit are added during the first year.
IIM Indore MBA Fees for Indian Students
Fee Head | AY 2026-27 | AY 2027-28 | Total |
Course Fee | ₹12,00,000 | ₹12,00,000 | ₹24,00,000 |
Alumni Fee + GST @18% | – | ₹11,800 | ₹11,800 |
Refundable Caution Deposit | ₹50,000 | – | ₹50,000 |
Mess Deposit | ₹54,000 | – | ₹54,000 |
Grand Total | ₹13,04,000 | ₹12,11,800 | ₹25,15,800 |
The IIM Indore course fee does not cover the cost of textbooks required during your programme. The caution deposit remains refundable after applicable deductions are settled.
Mediclaim insurance charges are based on actual costs and deducted from this deposit. The mess deposit is adjusted against your actual mess bills during the programme.
Mess facilities are optional for IPM, while the deposit goes directly toward applicable mess expenses. The course fee must be paid into the IIM Indore account.
IIM Indore MBA Fees for International Students 2026
International candidates applying through GMAT or SAT have a different IIM Indore fee structure. Their annual course fee is ₹18 lakh for each academic year.
The two-year course fee therefore reaches ₹36 lakh before additional applicable charges. A caution deposit and mess deposit are also payable during the first year.
Fee Head | AY 2026-27 | AY 2027-28 | Total |
Course Fee | ₹18,00,000 | ₹18,00,000 | ₹36,00,000 |
Alumni Fee + GST | – | ₹11,800 | ₹11,800 |
Refundable Caution Deposit | ₹50,000 | – | ₹50,000 |
Mess Deposit | ₹54,000 | – | ₹54,000 |
Grand Total | ₹19,04,000 | ₹18,11,800 | ₹37,15,800 |
The caution deposit is refundable after insurance premiums and applicable dues are deducted. International candidates should therefore keep additional funds ready for these variable charges.
IIM Indore Fee Installment Breakdown 2026-28
IIM Indore allows the course and mess fees to be paid through installments. This spreads the payment burden across three installments each year.
The first academic year contains the caution and mess deposits alongside course fees. The second year mainly carries the course fee and alumni-related payment.
IIM Indore MBA Fees For Indian Students – Installment Breakdown
Installment | AY 2026-27 | AY 2027-28 |
1st Installment | ₹4,68,000 | ₹4,00,000 |
2nd Installment | ₹4,18,000 | ₹4,00,000 |
3rd Installment | ₹4,18,000 | ₹4,11,800 |
Total | ₹13,04,000 | ₹12,11,800 |
The first installment includes ₹4 lakh toward the course fee. It also includes ₹50,000 caution and ₹18,000 mess deposits.
The second and third installments each include ₹4 lakh toward the annual course fee. The final second-year installment also includes the ₹11,800 alumni fee.
IIM Indore MBA Fees For NRI/Foreign National Students (GMAT) – Installment Breakdown
Installment | AY 2026-27 | AY 2027-28 |
1st Installment | ₹6,68,000 | ₹6,00,000 |
2nd Installment | ₹6,18,000 | ₹6,00,000 |
3rd Installment | ₹6,18,000 | ₹6,11,800 |
Total | ₹19,04,000 | ₹18,11,800 |
The IIM Indore first-year installments reflect the higher ₹18 lakh annual course fee. The caution and mess deposits are included within the first-year payment schedule.
The second-year payments mainly cover the remaining ₹18 lakh course fee. The final installment includes the applicable ₹11,800 alumni fee.
IIM Indore Executive MBA Fees
IIM Indore also offers an Executive Post Graduate Programme in Management. The programme fee differs according to your nationality.
Indian passport holders pay a total fee of ₹26,76,800. Foreign passport holders pay a total fee of ₹39,96,800.
Fee Component | Indian Nationals | Foreign Nationals |
Programme Fee | ₹26,40,000 | ₹39,60,000 |
Refundable Caution Deposit | ₹25,000 | ₹25,000 |
Alumni Membership Fee + GST | ₹11,800 | ₹11,800 |
Commitment Fee | ₹1,00,000 | ₹1,00,000 |
Total Fee | ₹26,76,800 | ₹39,96,800 |
You can pay the IIM Indore Executive MBA fee as a lump-sum amount or through installments. The installment option requires a bank guarantee of ₹10 lakh.
Payment Option | Indian Nationals | Foreign Nationals |
Lumpsum Payment | ₹25,76,800 | ₹38,96,800 |
First Installment | ₹15,76,800 | ₹28,96,800 |
Second Installment | ₹7,00,000 | ₹7,00,000 |
Third Installment | ₹3,00,000 | ₹3,00,000 |
In general, the first installment is due on or before registration in April. The second installment must be paid before September.
The third installment is payable before December. The programme fee includes tuition, course material, library access, and campus network charges.
It also covers lodging and boarding at Indore and academic inputs for international immersion. International travel, visas, and overseas lodging expenses are excluded from the fee.
The ₹1 lakh commitment fee is payable when you accept the admission offer. This fee becomes non-refundable after registration under the applicable terms.
Also Read: MBA Fees in India 2026, IIMs, Private & Government Colleges
IIM Indore Hostel Fees 2026
The IIM Indore 2026 fee structure provided does not list a separate hostel fee. However, the Executive PGP fee specifically includes lodging and boarding at Indore.
For the PGP and IPM fee structure, the mess deposit is listed separately. The first-year mess deposit stands at ₹54,000, payable in three installments.
Hostel/Mess Component | Amount |
Mess Deposit | ₹54,000 |
First Installment | ₹18,000 |
Second Installment | ₹18,000 |
Third Installment | ₹18,000 |
The mess deposit is adjusted against actual mess bills during your stay. Mess remains optional for IPM according to the supplied fee details.
Therefore, you should not treat the ₹54,000 deposit as an additional permanent programme expense.
Incoming exchange students at IIM Indore might have the following estimated expenses.
Fee Component | Amount (INR) |
Hostel Charges | ₹20,000 |
Miscellaneous Fees | ₹10,000 |
Total | ₹30,000 |
Refundable Caution Fees | ₹5,000 |
Grand Total | ₹35,000 |
IIM Indore Scholarships 2026
IIM Indore provides financial assistance through the Need-Based Financial Assistance scheme. PGP, PGP-HRM, and IPM participants can apply under this scheme.
Candidates with annual family income below ₹12 lakh are eligible to apply. However, meeting the income requirement does not guarantee a fixed assistance amount.
The NBFA Committee assesses financial need through a two-stage evaluation process. First, your submitted application is assessed using income and asset-related information.
A few applicants are then called for personal interaction with the NBFA Committee. During this interaction, the committee verifies the financial information provided in your application.
Scholarship Factor | Details |
Eligible Programmes | PGP, PGP-HRM and IPM |
Family Income Requirement | Below ₹12 lakh annually |
First Stage | Financial need assessment through submitted application |
Second Stage | Personal interaction with NBFA Committee |
Assessment Factors | Family income, assets and financial need |
Additional Consideration | Disciplinary record |
Assistance Amount | Percentage of institute-decided maximum aid |
Decision Basis | Year-to-year assessment |
The actual assistance depends on your family income, assets, and assessed financial need. The institute decides the maximum financial assistance amount separately each year.
The awarded amount is then determined as a percentage of that maximum assistance. Disciplinary records can also influence the final financial aid decision.
The committee may verify the details and documents provided during the application process. Therefore, accurate information is important when submitting your financial aid application.
Also Read: IIM Scholarships 2026, Eligibility, Amount, Documents Required
IIM Indore MBA Fees 2026: Conclusion
The IIM Indore MBA Fees 2026 include more than just the course fee, as students also need to consider deposits, alumni charges, insurance costs and personal expenses during the programme. Indian candidates pay ₹24 lakh as the two-year course fee, while international candidates pay ₹36 lakh.
Understanding the complete IIM Indore fee structure, installment schedule and available financial assistance can help students prepare better for their MBA journey. With proper planning, scholarships and education loan options, managing the investment required for an IIM Indore MBA becomes easier and more structured.
