• The ICFAI University,  Jharkhand

Fees, Bank Loans & Scholarships

Full-time Campus Programs

Doctorate Program
Ph.D in Management
(Part-time Program)
PG Program
MBA / MBA for Working Professionals, MCA, MCA (Lateral Entry)
UG Programs
B.Com (Hons.), BBA, BCA, B.Tech, B.Tech (Lateral Entry)
Diploma in Technology (Polytechnic), BA (Hons.) in Journalism & Mass Communication

The eligibility and fee for each program is mentioned in the table below.

Semester Fee (Amount in Rs.)
Domicile Non-
Caution Deposit
B.Tech 20,000 40,000 50,000 10,000
B.Tech (Lateral Entry) 20,000 40,000 50,000 10,000
B.Com (Hons.) 5,000 20,000 25,000 5,000
BA (Hons.) in Journalism & Mass Communication 5,000 20,000 25,000 5,000
BBA 5,000 30,000 35,000 5,000
BCA 5,000 30,000 35,000 5,000
Diploma in Technology (Polytechnic) 5,000 30,000 35,000 5,000
MBA 10,000 54,000 61,000 5,000
MCA 10,000 35,000 40,000 5,000
MCA (Lateral Entry) 10,000 35,000 40,000 5,000

Note: Applicants in their final year of Qualifying Examinations also can apply for all regular programs

Merit Scholarships

A. Merit Scholarships based on Past Academic Record: Percentage of marks achieved in qualifying examination will decide the amount of scholarship. Scholarship amount can be adjusted in the Semester I fee payable.

Performance in Qualifying Exam Male Students Female Students
Marks in % CGPA (% of semester fee) (% of semester fee)
>= 90% >= 9.9 50% 55%
>= 80% and <90% >= 8.8 and < 9 .9 40% 45%
>= 70% and <80% >= 7.7 and < 8.8 30% 35%
>= 60% and < 70% >= 6.5 and < 7.7 20% 25%

B. Merit Scholarship in Semester II to last semester:

Based on previous semester
performance (GPA)
Male Students Female Students
(% of semester fee) (% of semester fee)
Top 5% of the class 50% 55%
Next 5% of the class 30% 35%

Note: Term and Conditions for the award of the Merit Scholarship will be specified in the Student Handbook.

** Merit scholarships are applicable only for the regular campus programs. Students pursuing MBA(WP) and PhD are not eligible for the scholarships.

MBA (for Working Professionals)

Program Duration Eligibility* Admission Fee Rs. Semester Fee Rs. Caution Deposit Rs.
MBA for Working Professionals 2 years Graduation (any discipline) with minimum 45% marks 10,000 40,000 5,000

*Note: Candidates should have Minimum 2 years of experience in industry / banks / financial services / government / academics etc.

Ph.D (Part-time) Program
Admission Fee
Admission fee of Rs. 10,000 is to be paid by all the selected applicants immediately after the admission decision is announced but not later than June 12, 2017.

Program Fee
The program fee is Rs. 40,000 per semester for students domiciled in Jharkhand and Rs. 45,000 per semester for nondomiciled students. Students should register for every semester and pay the fee at the beginning of the semester, as per the due dates, which will be indicated in the Student Handbook. The first semester fee is to be paid by June12, 2017.

Domicile: Students belonging to the State of Jharkhand with a "Domicile Certificate" issued by the competent authority.
Non-Domicile: Other students who are not domiciled in the State of Jharkhand.

Caution Deposit: Students are required to pay a Caution Deposit as mentioned in the table above along with the first semester fee. It will be refunded without interest and after adjusting for dues, (if any), to the students on completion of the respective program.

All payments should be made by way of Demand Draft in favor of "The ICFAI University, Jharkhand - Fee Collection A/c" payable at Ranchi, Jharkhand.

Remittance can also be made through NEFT, as per the following details of the University Bank Account.
  • Bank Account Name
  • Type of Account
  • Account Number
  • Bank Name
  • IFSC Code
  • The ICFAI University, Jharkhand - Fee Collection A/c
  • Current Account
  • 50200000250955
  • HDFC Bank
  • HDFC0000521

** Merit scholarships are applicable only for the regular campus programs. Students pursuing MBA(WP) and PhD are not eligible for the scholarships.