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Fees & Expenses - B. Sc. Nautical Science

Fees & Estimated Expenses for the first year of batch commencing August/September 2023 are as follows:

SEM I SEM II 1st YEAR
Fees (Sem I & II)
Admission & Orientation Fee 25,000 NIL 25,000
Tuition Fee 102,000 102,000 2,04,000
Campus & Establishment Fee 1,24,500 1,24,500 2,49,000
Total fees 2,51,500 2,26,500 4,78,000
Student Services Expenses
Books 2,500 2,500 5,000
Laundry 2,500 2,500 5,000
Messing 32,250 32,250 64,500
Medical Insurance Premium 1,500 NIL 1,500
Stationery 3,000 3,000 6,000
Uniform 20,000 2,000 22,000
Total Student Service Expenses 61,750 42,250 104,000
Total Fees & Student Service Expenses 3,13,250 2,68,750 5,82,000
DGS Cess @ 1% of total fees & expenses 3,133 2,688 5,821
Caution Deposit (Interest free and Refundable) 20,000 NIL 20,000
Total  Payable to TMI 3,36,383 2,71,438 6,07,821
Payable to Indian Maritime University (IMU) 35,000 NIL 35,000
Total Amount (TMI plus IMU) 3,71,383 2,71,438 6,42,821
Note:
a. For Student enrolling in the first year of Academic Year 2023-24, the estimated fees and Student Services for the three year programme will be approx. Rs. 19.13 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. 1,500 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

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's 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.

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