Fees & Expenses - B. Sc. Nautical Science

Fees & Estimated Expenses for the first year of batch commencing August 2024 were as follows:

	SEM I	SEM II	1st YEAR
Fees			(Sem I & II)
Admission & Orientation Fee	35,000	NIL	35,000
Tuition Fee	111,000	111,000	2,22,000
Campus & Establishment Fee	1,29,000	1,29,000	2,58,000
Total fees	2,75,000	2,40,000	5,15,000
Student Services Expenses
Books	2,500	2,500	5,000
Laundry	2,950	2,950	5,900
Messing	33,075	33,075	66,150
Medical Insurance Premium	1,725	NIL	1,725
Stationery	5,000	3,000	8,000
Uniform	20,000	3,000	23,000
Total Student Service Expenses	65,250	44,525	109,775
Total Fees & Student Service Expenses	3,40,250	2,84,525	6,24,775
DGS Cess @ 1% of total fees & expenses	3,403	2,845	6,248
Caution Deposit (Interest free and Refundable)	20,000	NIL	20,000
Total Payable to TMI	3,63,653	2,87,370	6,51,023
Payable to Indian Maritime University (IMU)	40,000	NIL	40,000
Total Amount (TMI plus IMU)	4,03,653	2,87,370	6,91,023

Note:

a. For Student enrolling in the first year of Academic Year 2024-25, the estimated fees and Student Services for the three year programme will be approx. Rs. 20.62 lakhs

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. Amount payable to Indian Martime University (IMU) is required to be paid directly by the students to IMU through IMU portal.

e. Caution Deposit is payable on admission. The interest free caution deposit is refundable.

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 though our website

- 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. 1,725/- per student. This policy covers the following*:

1. Accidental death of student - Rs.5,00,000/-

2. Hospitalisation expenses for student - Rs.2,00,000/- per year

3. Accidental death of bread winning parent to cover fees of the student for remaining period of the course.

* - 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 girls' participation in the maritime industry and therefore is very supportive of inducting girls into its programmes. To this end, girls 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.