Fees & Expenses - B. Tech. Marine Engineering
Fees & Estimated Expenses for the first year of batch commencing August/September 2022 are as follows:
| SEM I | SEM II | 1st YEAR | |
| Fees | (Sem I & II) | ||
| Admission & Orientation Fee | 22,000 | NIL | 22,000 |
| Tuition Fee | 90,000 | 90,000 | 180,000 |
| Welding | NIL | 10,000 | 10,000 |
| Campus & Establishment Fee | 114,000 | 114,000 | 228,000 |
| Total fees | 226,000 | 214,000 | 440,000 |
| Student Services Expenses | |||
| Books | 5,000 | NIL | 5,000 |
| Laundry | 2,350 | 2,350 | 4,700 |
| Messing | 27,000 | 27,000 | 54,000 |
| Medical Insurance Premium | 1,500 | NIL | 1,500 |
| Stationery | 6,000 | NIL | 6,000 |
| Uniform | 22,000 | NIL | 22,000 |
| Total of Student Services Expenses | 63,850 | 29,350 | 93,200 |
| Total Fees & Student Service Expenses | 2,89,850 | 2,43,350 | 5,33,200 |
| DGS Cess @ 1% of total fees & expenses | 2,899 | 2,434 | 5,332 |
| Caution Deposit (Interest free and Refundable) | 20,000 | NIL | 20,000 |
| Total Payable to TMI | 3,12,749 | 2,45,784 | 5,58,532 |
| Payable to Indian Maritime University (IMU) | 35,000 | NIL | 35,000 |
| Total Amount (TMI plus IMU) | 347,749 | 245,784 | 593,532 |
| Note: |
| a. The fees and student services expenses for the four year programme are approximately Rs.21.17 lakhs and are subject to changes. |
| b. Female students are entitled to a waiver of 50% in Tuition fee for each semester. |
| c. Student Services Expenses are charged on actuals. |
| d. IMU Fee is payable to Indian Maritime University. |
| e. Caution Deposit is payable on admission. The interest free caution deposit is refundable after the end of programme. |
| f. Statutory taxes / levies, if any imposed, will be charged on actuals. |
| g. Monies due for each semester is payable at the beginning of semester before due dates. |
| h. Late fee @ 18% p.a. is applicable for monies received 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 - |
| - Online through our website www.tmi.tolani.edu |
| - Demand Draft in favour of 'Tolani Maritime Institute' at any of the HDFC Bank branches |
Medical Insurance
TMI has facilitated an insurance policy at an annual cost of Rs. 1,500 per student. 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
* - 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.