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Fees & Expenses - B. Sc. Nautical Science

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 1,80,000
Campus & Establishment Fee 1,14,000 1,14,000 2,28,000
Total fees 2,26,000 2,04,000 4,30,000
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 Student Service Expenses 63,850 29,350 93,200
Total Fees & Student Service Expenses 2,89,850 2,33,350 5,23,200
DGS Cess @ 1% of total fees & expenses 2,899 2,334 5,233
Caution Deposit (Interest free and Refundable) 20,000 NIL 20,000
Total  Payable to TMI 332,195 231,240 563,435
Payable to Indian Maritime University (IMU) 35,000 NIL 35,000
Total Amount (TMI plus IMU) 3,47,479 2,35,684 5,83,433
Note:
a. The fees and student services expenses for the four year programme are approximately Rs.17.28 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.
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 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

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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