IIM Indore PGP Fees 2027
IIM Indore PGP fees for Indian students through CAT are INR 12 Lakh per year. The two-year course fee is INR 24 Lakh, excluding the refundable caution deposit, mess deposit, and the second-year alumni fee. Candidates applying for the IIM Indore PGP 2027-29 batch should note that the fee may be revised for the upcoming academic year.
| Fee Component |
1st Year |
2nd Year |
| Course Fee |
INR 12 Lakh |
INR 12 Lakh |
| Alumni Fee including GST @ 18% |
- |
INR 11,800 |
| Refundable Caution Deposit |
INR 50,000 |
- |
| Mess Deposit |
INR 54,000 |
- |
| Total per Year |
INR 13.04 Lakh |
INR 12.11 Lakh |
| Total Fee (2 Years) |
INR 25.15 Lakh |
- |
Source: @iim-i.ac.in
Note:
- Mediclaim insurance policy charges will be based on actuals and deducted from the caution deposit.
- The caution deposit is refundable upon completion of the course after deducting the Mediclaim insurance premium and any applicable dues.
- The mess is optional for IPM, where applicable.
IIM Indore PGP Fee Payment Bank Details
For PGP participants, IIM Indore provides a participant-specific virtual account with IDBI Bank for fee collection.
| Banking Detail |
PGP Fee Payment |
| Account Name |
Indian Institute of Management Indore-Fee Collection A/c |
| Account Number |
Participant-specific Virtual Account Number |
| Bank |
IDBI Bank |
| IFSC Code for NEFT/RTGS |
IBKL0000001 |
| Branch |
Ratlam Kothi, Indore |
| Account Type |
Savings |
| Beneficiary Name |
Indian Institute of Management Indore |
| SWIFT Code |
IBKLINBB001 |
Note: Each participant has a different virtual account number. Students should refer to the virtual account details provided by IIM Indore before making the payment.
Ques. Can I Pay IIM Indore Fees Through NEFT/RTGS?
Ans. Yes. IIM Indore's fee-payment instructions provide bank details for NEFT/RTGS payments. PGP participants use their allotted virtual account with IDBI Bank, while IPM participants use their allotted virtual account with HDFC Bank. Students should ensure that their name and roll number are entered in the remarks/reference field and retain the UTR number for reconciliation.
Ques. Is the IIM Indore Course Fee Account the Same as the Mess Account?
Ans. No. The course fee and mess deposit are paid separately. The course fee is deposited into the participant's designated virtual account for IIM Indore, while the mess deposit is paid to the Students Mess Committee, IIM Indore.
IIM Indore PGP-HRM Fees 2027
IIM Indore PGP-HRM fees are INR 10.35 Lakh per year as per the fee structure for the 2026-27 and 2027-28 academic years. The fee structure includes the course fee, refundable caution deposit, mess deposit, and alumni fee applicable in the second year.
| Fee Component |
1st Year |
2nd Year |
| Course Fee |
INR 10.35 Lakh |
INR 10.35 Lakh |
| Alumni Fee including GST @ 18% |
- |
INR 11,800 |
| Refundable Caution Deposit |
INR 50,000 |
- |
| Mess Deposit |
INR 54,000 |
- |
| Total per Year |
INR 11.39 Lakh |
INR 10.46 Lakh |
| Total Fee (2 Years) |
INR 21.85 Lakh |
![PGP-HRM FEES IIM-I]()
Source: @iim-i.ac.in
IIM Indore EDPMG Fees 2027
IIM Indore EDPMG program has a total fee of INR 9.80 Lakh, including an INR 80,000 non-refundable acceptance fee and a balance program fee of INR 9 Lakh. The program duration is four years.
| Fee Component |
Amount |
| Acceptance Fee |
INR 80,000 |
| Balance Program Fee |
INR 9 Lakh |
| Total Program Fee |
INR 9.80 Lakh |
EDPMG Continuation Fee
Candidates who go beyond the stipulated four-year program duration may be allowed an extension subject to approval and payment of the applicable continuation fee.
| Extension Period |
Continuation Fee |
| After 4 years |
INR 25,000 every 6 months |
| After 5 years |
INR 50,000 every 6 months |
Note: The maximum duration of the program is six years.
IIM Indore IPM Fees 2027
IIM Indore IPM fee for domestic applicants is INR 6 Lakh per year for the first three years, subject to revision. The fee for the fourth and fifth years is charged as per the prevailing PGP fees. The course fee includes lodging, access to lectures, internet facilities, and library.
| Fee Component |
IPM I–III |
IPM IV |
IPM V |
| Course Fee |
INR 6 Lakh per year |
INR 12 Lakh |
INR 12 Lakh |
| Total Course Fee |
INR 18 Lakh for 3 years |
INR 12 Lakh |
INR 12 Lakh |
| Alumni Fee including GST @ 18% |
– |
– |
INR 11,800 |
| Refundable Caution Deposit |
INR 50,000 |
– |
– |
| Mess Deposit |
INR 54,000 |
– |
– |
Note: The course fee includes lodging, access to lectures, internet facilities, and library facilities. Accommodation is arranged on a sharing basis during the first three years, while single-room accommodation is provided for the fourth and fifth years.
IIM Indore IPM Fee Payment Bank Details
IPM participants are also provided with individual virtual account numbers for fee payments. The institute's PGP/IPM handbook lists HDFC Bank for IPM fee collection.
| Banking Detail |
IPM Fee Payment |
| Account Name |
Indian Institute of Management Indore-Fee Collection A/c |
| Account Number |
Participant-specific Virtual Account Number |
| Bank |
HDFC Bank |
| IFSC Code for NEFT/RTGS |
HDFC0002140 |
| Branch |
HDFC Bank, 15/4, Sai Vihar Colony, Rau, Indore – 453331 |
| Account Type |
Savings |
| Beneficiary Name |
Indian Institute of Management Indore |
| SWIFT Code |
HDFCINBB |
Note: Each participant has a different virtual account number. Students should refer to the virtual account details provided by IIM Indore before making the payment.
IIM Indore Fees for Other Courses
IIM Indore fees for other courses are mentioned below. The fee details are based on the previous batch, as the fees for the 2027 batch have not been announced yet and may be revised by the institute.
| Course |
Total Fees (INR) |
| EPGP |
INR 26.77 Lakhs |
| Ph.D |
INR 83,415 |
| IPBA |
INR 3.78 Lakhs |
| MDP |
INR 54,000 |
| M.M.S |
INR 14 Lakhs |
| FDP |
INR 88,500 |
IIM Indore Students’ Reddit Review
According to Reddit, an IIM Indore student says most professors are knowledgeable and approachable. The first two years are academically intense, covering subjects such as Mathematics, Statistics, Economics, and Humanities. The third year offers diverse faculty-led electives, including Generative AI and outdoor trekking. The student also found the grading system challenging and noted that students who are less academically inclined may find it difficult to keep up.
![Reddit discussion on faculty of IIM-I]()
Source: Reddit
IIM Indore Refund and Withdrawal Policy
IIM Indore has a separate withdrawal procedure for PGP and IPM admissions. Candidates who decide not to accept their admission offer must submit the withdrawal request through the student portal within the deadline specified by the institute.
| Particulars |
Details |
| Withdrawal Process |
Submit the withdrawal request through the IIM Indore student portal |
| Processing Fee |
INR 1,000 |
| Refund |
The applicable fee amount is refunded after deduction of the processing fee |
| Refund Account |
Refund is released to the bank account provided by the candidate |
| IPM Refund Timeline |
Refund is released within one month after processing |
IIM Indore Scholarships 2027
IIM Indore offers industry-sponsored merit scholarships to academically strong students. IIM Indore scholarship amount and eligibility vary depending on the sponsoring organisation and the student's academic performance.
| Scholarship |
Eligibility / Selection Basis |
Scholarship Amount |
| SBI Scholarship |
Awarded based on academic performance in the first year of PGP |
INR 1.50 Lakh |
| VE Commercial Vehicles Scholarship |
Awarded based on first-year PGP academic performance |
INR 50,000 |
Note: The scholarships are awarded to eligible students based on the criteria specified by IIM Indore and the respective sponsoring organisations. Scholarship availability, eligibility criteria, and award amounts may be subject to change as per the institute's latest guidelines.
IIM Indore Fees FAQs
Ques. Is there any financial assistance at IIM Indore based on family income?
Ans. Yes, IIM Indore offers Need-Based Financial Assistance (NBFA) to students of PGP, PGP-HRM, and IPM whose annual family income is below INR 12 Lakh. The amount of assistance is decided based on factors such as family income, assets, and financial need.
Ques. Do IIM Indore students have to pay the full fee before receiving financial assistance?
Ans. Students should not assume that the financial assistance is automatically adjusted before the initial fee payment. NBFA is awarded after the institute assesses the applicant's financial need. Students should follow the payment and application instructions issued by IIM Indore for their batch. Discussions among IPM aspirants also show that students commonly ask about the initial fee payment before receiving financial assistance.
Ques. Is the IIM Indore scholarship the same as a fee waiver?
Ans. No. IIM Indore's need-based financial assistance and merit/industry-sponsored scholarships are separate forms of support. NBFA is based on financial need, while merit scholarships are linked to academic performance and specific scholarship criteria.
Ques. Can students from families with income above INR 12 Lakh apply for IIM Indore NBFA?
Ans. IIM Indore states that students of PGP, PGP-HRM and IPM with annual family income below INR 12 Lakh are eligible to apply for NBFA. Students above this income threshold would therefore not meet the stated eligibility condition for this particular financial assistance.
Ques. Is IIM Indore IPM expensive for students who need financial support?
Ans. The cost of the five-year IPM can be a concern for students and families, particularly because the fourth and fifth years are charged according to the prevailing PGP fee. IIM Indore provides NBFA for eligible PGP, PGP-HRM and IPM students with an annual family income below INR 12 Lakh.
Ques. Can IIM Indore fees be paid through an education loan?
Ans. Yes. Students can use education loans to finance their programme fees. IIM Indore's fee-payment instructions also provide a process for loan-sanctioning banks to remit fees through the prescribed NEFT/RTGS payment route.
Ques. Does IIM Indore provide financial assistance to IPM students?
Ans. Yes. IPM students are included in IIM Indore's NBFA scheme, provided they meet the institute's eligibility requirements, including the stated annual family-income criterion of below INR 12 Lakh.
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