Acceptable Modes of Payment for MBA

There are several modes of payment for MBA admission availablein India. They are as follows:

Tuition Fees may be paid by any one of the following means:

     1. Designated Banks at Study Centres/Information Centres

     2. Demand Draft

     3. Internet (Online) Banking

     4. Credit/Debit Card (No Additional Charges)

     5. Cash

     6. e-payment

Designated Banks at Study Centres/Information Centres:  If you are enrolling for distance education, the Directorate of Distance Education has Bank accounts at all the Study Centres/Information Centres. The students can pay all fees by cash through ‘Challan’ of these banks. The Information on these banks will be provided to the students by the Liaison/Special officers posted at the Study Centres and Information Centres.

Demand Draft: Verify the details like your Name and Code No. of Issuing branch and the Bank’s branch at which payable, Date of issue and Signature of the Bank’s Officer, before you make the payment for MBA.

Before sending the Demand Draft to the Directorate, students should write the Application No. or Enrolment No. (after it has been allotted), their Name and chosen Programme on the back side of the Demand Draft.  They should not sign anywhere on the draft.

The Demand Drafts are valid only for a period of three months. Therefore students are advised to prefer Bank Counters available at nearest Study/Information Centres. Otherwise, Students/Parents having Debit/Credit Cards can use the POS (Card swiping Terminals) available at selected Study/Information Centres (without any additional charges).  In case of Demand Draft, Students should send the Demand Draft within ten days from the date of issue by the bank.

Internet (Online) Banking Payments:  Students or their parents having Internet Banking facilities or Debit/Credit Card can make payment of fees online by accessing the University website.  Account holders of the designated Banks providing the service will not be charged any service fee for payment transfers from their internet banking accounts.  Payments may also be made through the Internet using Visa/Master Credit/Debit cards.  As service charges claimed by Banks do vary, users should check them also.

Credit/Debit Card Payments:  Point of  sale   (Card swiping devices) Terminals have been installed at the Headquarters and all Study Centres and a few Information Centres, in association with recognized Banks to enable students to make fee payments using their Visa or Master Credit/Debit (ATM) cards.  This service is provided free of commission and service tax.

Cash:  Fees may also be paid by cash at the Cash Counter in between a fixed timing and through bank challans.

e-payment: Fees can also be paid online.

These were some of the option of payment for MBA admissions in India. Most of the b-schools have the same kind of payment options, however, it is always better to find out the most convenient option for you from the admission cell officers.

Also in case of any financial aid and other scholarships it is wise to get in touch with the admission cell officials for further guidance regarding the payment options. Moreover, fees relating to the Instalments of First, Second, Third and Fourth year of study may also be paid through the above means.  All Fees relating to Examinations, Migration Certificates etc. should be paid in favour of the Controller of Examinations, of the institute you will be studying.