Getting into IIT Bombay is a dream for many students. But before you pack your bags, it’s important to know how much it actually costs. Many students focus only on tuition fees, but there’s more to consider — hostel charges, mess fees, deposits, and other expenses can add up quickly. If you’re planning your studies here, you need a clear idea of the full cost.
This guide breaks down every part of the IIT Bombay fee structure for the 2024-25 academic year. Whether you’re an Indian student or an international applicant, you’ll find detailed numbers for tuition, hostel, and mess fees. You’ll also learn about scholarships, fee waivers, and how to save money with smart planning.
By the end of this article, you’ll know exactly how to plan for your expenses for your education at IIT Bombay. It’s your step-by-step guide to making informed choices before joining the campus.
IIT Bombay’s Fee Structure (2024-25 Academic Year)
IIT Bombay has several undergraduate programs such as B.Tech, B.S., and B.Des. There is also a dual degree program (B.Tech + M.Tech). All these programs have a detailed fee structure. Let us look at each part.
1) One-Time Admission Fees (Payable at the Time of Admission)
These fees are paid only once at the time of joining:
- Admission Fee: ₹8,750
- Student Welfare Fund: ₹1,250
Total (I-A): ₹10,000
These charges are not repeated in future semesters.
2) Per Semester Fees
Students need to pay certain fees every semester. These include tuition and other charges.
Tuition Fee (Statutory Fees): Indian Nationals (including PIO/OCI issued before 04/03/2021): ₹1,00,000
Foreign Nationals: ₹3,00,000
3) Other Semester-wise Charges:
- Registration & Examination Fee: ₹2,200
- Gymkhana Fee: ₹2,200
- Student Benevolent Fund: ₹700
- Student Accident Insurance Fund: ₹300
- Medical Fee: ₹1,950
Total (I-B):
Indian Students: ₹1,07,350
Foreign Students: ₹3,07,350
4) Refundable Deposits (One-Time Payment)
These amounts are taken once and refunded when the student leaves the institute, provided there are no fines.
- Institute Security Deposit: ₹3,000
- Library Security Deposit: ₹3,000
Total (I-C): ₹6,000
5) Grand Total of Academic Fees for the First Semester
Indian Nationals: ₹1,23,350
Foreign Nationals: ₹3,23,350
These fees cover academics only. Hostel and mess charges are extra.
Exemptions & Important Notes
- SC/ST/PwD Students: Students belonging to SC/ST/PwD categories do not need to pay the tuition fee. This reduces the burden by ₹1,00,000 per semester.
- Fee Revision: IIT Bombay may change the fee structure in future semesters. Students must check official notifications regularly.
- PIO/OCI Students: PIO or OCI cardholders (issued before 04/03/2021) who are admitted under the OPEN category will pay the same fee as Indian students.
Hostel & Mess Fees for UG Students (2024-25 Batch)
IIT Bombay provides hostel facilities to almost all students. Most students stay in hostels, especially in the first year.
1) Mandatory Hostel Charges (Per Semester)
These are fixed charges and must be paid every semester:
- Hostel Charges (including ₹2,500 rent): ₹8,300
- Electricity & Water Charges: ₹4,000
- Hostel Amenities Fund: ₹1,600
3) One-Time Hostel-Mess Security Deposit
This amount is refundable:
Hostel-Mess Security Deposit: ₹3,000
Total Hostel Fee (A): ₹16,900 per semester
4) Per Semester Mess Advance (Compulsory for Hostel Residents)
Every hostel resident must pay a mess advance:
Semester Mess Advance (SMA): ₹22,500
Total Hostel + Mess Fees (A + B): ₹39,400 per semester
Important Hostel Fee Policies
Payment Deadline: All hostel and mess fees must be paid before 30th August 2024. If not paid on time, a late fee of ₹100 per day will be charged.
Short-Term Stay Option:
- If staying for 30 days or less: Pay ₹3,500 only. No need to pay the full hostel fee.
- If staying for more than 30 days: Full hostel fee applies.
Refund Rules: The hostel-mess security deposit is refundable when you vacate the hostel. But there should be no damages or unpaid dues. No pro-rata refund is given for partial stays during the semester.
Withdrawal Policy: If a student cancels admission before 30th September 2024, they can get a refund. However, ₹1,000 will be deducted from the total amount.
Total Estimated Cost for First Year at IIT Bombay
Understanding the total cost of studying at IIT Bombay helps students and their families plan better. This section provides a complete estimate of the first-year expenses for both Indian and foreign students. The estimates assume that the student stays in a hostel and includes academic and living costs for two semesters.
For Indian Students (Assuming Hostel Stay)
In the first semester, Indian students are required to pay academic fees of ₹1,23,350. Along with this, the hostel and mess charges come to ₹39,400. So, the total amount for the first semester is ₹1,62,750.
In the second semester, the academic fees are slightly lower at ₹1,07,350, while the hostel and mess charges remain the same at ₹39,400. This makes the total for the second semester ₹1,46,750.
Total Estimated Cost for the First Year (Indian students): ₹3,09,500
This cost includes tuition, hostel room rent, mess charges, and other institute services. Students receiving fee remission or scholarships will pay significantly less, depending on the financial aid they receive.
For Foreign Nationals (Assuming Hostel Stay)
Foreign students pay a higher academic fee. In the first semester, it is ₹3,23,350, and the hostel and mess charges remain ₹39,400, making the semester total ₹3,62,750.
In the second semester, academic fees are ₹3,07,350, and hostel and mess charges remain unchanged. So, the total cost for the second semester is ₹3,46,750.
Total Estimated Cost for the First Year (Foreign students): ₹7,09,500
These figures help give a realistic idea of the financial commitment required to study at IIT Bombay, and students are encouraged to explore financial aid options to reduce the burden.
Financial Aid & Scholarships
Getting into IIT Bombay is a big achievement. But many students worry about how they will afford the fees. The good news is that the institute offers several financial aid options. These include scholarships, fee waivers, and support from both government and private sources. These aids are meant to reduce your financial burden so that you can focus on your studies.
This section breaks down the types of scholarships and fee waivers available for undergraduate students at IIT Bombay. It also explains who can apply, what documents are needed, and what benefits each scheme provides.
Institute Scholarships
1) Institute Merit-cum-Means (MCM) Scholarship
This is one of the main scholarships offered by IIT Bombay. It is available for B.Tech., B.Des., B.S., and the first four years of the Dual Degree (B.Tech. + M.Tech.) program.
The MCM scholarship considers both academic merit and financial need. Students must meet both criteria to be eligible.
Means Criterion:
- Your parental income must not exceed ₹5,00,000 per year.
- You must submit an official income certificate issued by a competent authority from your state or union territory.
Merit Criterion:
- In the first year, your eligibility is based on your JEE Advanced rank (for B.Tech., B.S., and Dual Degree) or UCEED rank (for B.Des.).
- In later years, your academic performance from the previous year is used.
Benefits:
| Annual Income | Benefits for Female Students | Benefits for Other Students |
| Up to ₹1,00,000 | Full tuition fee waiver + ₹40,000 scholarship + ₹10,000 Women Merit Scholarship | Full tuition fee waiver + ₹40,000 scholarship |
| ₹1,00,001 – ₹3,00,000 | Full tuition fee waiver + ₹30,000 scholarship + ₹10,000 Women Merit Scholarship | Full tuition fee waiver + ₹30,000 scholarship |
| ₹3,00,001 – ₹5,00,000 | Full tuition fee waiver + ₹20,000 scholarship + ₹10,000 Women Merit Scholarship | Full tuition fee waiver + ₹20,000 scholarship |
Note:
- The scholarship is valid only for the regular duration of the program.
- You cannot accept any other government or private scholarship while receiving this one.
- Submit your income certificate and academic results each year to renew the scholarship.
2) Free Messing Facilities for SC/ST Students
IIT Bombay provides special financial support for students belonging to Scheduled Caste (SC) and Scheduled Tribe (ST) categories.
All SC/ST students are automatically exempted from paying tuition fees. But eligible students with parental income up to ₹5,00,000 per year can also receive additional benefits.
Eligibility:
- You must belong to the SC/ST category.
- Your parental income must not exceed ₹5,00,000 per year.
- You must submit an income certificate issued by a competent authority.
Benefits:
- Free messing (basic menu) in the hostel mess
- Pocket allowance of ₹500 per month for 10 months
- Waiver of hostel room rent
- ₹10,000 Women Merit Scholarship (for eligible female students)
These benefits apply to students in the B.Tech., B.S., B.Des., and the first four years of the Dual Degree programs. You must renew your documents each year to continue receiving these facilities.
Students availing these benefits must declare if they have applied for or received any other scholarships.
3) Named Scholarships
These scholarships are funded by IIT Bombay alumni, corporate donors, or well-wishers. The Office of the Dean of Alumni and Corporate Relations manages these awards.
Eligibility:
- Your parental income must not exceed ₹5,00,000 per year.
- In the first year, eligibility is based on your JEE Advanced or UCEED rank.
- In later years, it depends on your academic performance from the previous year.
Each Named Scholarship may have different rules for selection. The amount may vary. Some are one-time awards while others are given yearly.
Like with other scholarships, you cannot hold multiple scholarships at the same time unless the donor permits it. Always check the rules before applying.
Remission of Fees
If your family is not in a position to pay full tuition fees, you may apply for a tuition fee remission. This is different from a scholarship because you do not receive money directly. Instead, you get a discount on your fees.
Who can apply:
- Students in B.Tech., Dual Degree (B.Tech. + M.Tech.), B.S., or B.Des. programs
- From the 2016 batch onwards
- Parental income must not exceed ₹5,00,000 per year
Benefits:
- If income is less than ₹1,00,000/year: Full tuition fee waiver
- If income is between ₹1,00,000 and ₹5,00,000/year: 2/3rd of tuition fee is waived
You must apply every year and provide a new income certificate. This waiver is available for the full duration of your program as long as your income stays within the limit.
Government Scholarships
Many state and central government agencies offer scholarships to support higher education. IIT Bombay helps students apply for and forward these applications to the respective authorities.
1) National Scholarships (All States)
These scholarships are offered by the governments of different states. Each state has its own scheme, but most consider your family’s income and academic performance.
How to apply:
- Fill out the forms as per your state’s requirement.
- Submit your application to IIT Bombay, which will forward it.
- Submit your academic performance report each year for renewal.
Make sure to check with your state’s education department for application dates and deadlines.
2) National Talent Search (NTS) Scholarship
If you received the NTS scholarship during your 10+2 schooling, you can continue to receive it in your undergraduate studies.
How to renew:
- Collect the renewal form from NCERT.
- Submit the filled form to the Academic Section at the start of each academic year.
This scholarship continues as long as you meet the academic performance criteria set by NCERT.
Private Scholarships
In addition to government and institute scholarships, many private companies, foundations, and NGOs offer scholarships to IIT students. These scholarships vary in amount and duration.
Examples include:
- Tata Trusts
- ONGC Scholarships
- Sitaram Jindal Foundation
- Foundation for Excellence (FFE)
- Cummins India Foundation
Each private scholarship has its own rules, such as academic performance, income limit, or gender. Some scholarships are given only to students in certain branches or years.
You can check the IIT Bombay student portal or the notice boards for announcements. Read the eligibility details carefully before applying. Also, you must inform the institute if you receive any private scholarship while applying for an institute scholarship.
Summary of Application Process
1) Check your eligibility based on income and academic performance.
2) Collect documents, such as:
- Income certificate (valid for the current academic year)
- Caste certificate (if applicable)
- Academic mark sheets or rank cards
3) Apply on time through the scholarship portal or form issued by IIT Bombay.
4) Renew every year, if the scholarship is not a one-time grant.
5) Declare any other scholarship you may receive to avoid disqualification.
Important Guidelines
- Scholarships are only valid for the normal duration of your program.
- If your academic performance drops or your income increases, your scholarship may not be renewed.
- Submit documents every year even if you are a continuing beneficiary.
- Most scholarships cannot be combined. If you get another award, inform the institute right away.
- Always keep copies of your submitted forms and certificates.
Key Takeaways & Tips for Students
Here are some helpful tips for managing fees and finances at IIT Bombay.
Plan Finances Early: The cost of studying at IIT Bombay is high. It is important to check your financial status before joining. Look for scholarships early and apply on time.
Check Hostel Policies: Pay hostel and mess fees before the deadline to avoid late fees. Follow all hostel rules to avoid penalties.
Refund Rules Matter: Security deposits are refundable, but only if there are no dues or damages. Understand the hostel withdrawal policy before making decisions.
Stay Updated: Fee structures may change in future semesters. Always follow updates on the official IIT Bombay website or contact the administration if in doubt.
Conclusion
Studying at IIT Bombay is a big opportunity, but it also comes with important financial responsibilities. From tuition fees to hostel and mess charges, the total cost can be high—especially in the first year. Knowing the exact fee structure helps you and your family plan better and avoid last-minute stress.
This guide gave you a full breakdown of academic, hostel, and mess fees for both Indian and foreign students. It also covered important rules about refunds, deadlines, and scholarships. If you’re from a reserved category or need financial help, IIT Bombay does offer several options to reduce the cost.
Before you join, take time to go through the fees carefully, check if you qualify for scholarships, and pay all dues on time. Smart financial planning will let you focus more on your studies and less on money matters. Now you’re better prepared to take the next step with confidence.
FAQs
1) Can I get a partial hostel fee refund if I leave mid-semester?
No. IIT Bombay does not provide pro-rata refunds for hostel fees. You must pay the full semester amount even if you stay for part of it.
2) Do PIO/OCI students pay Indian or foreign fees?
PIO or OCI cardholders who got their cards before 04/03/2021 and are admitted under the OPEN category pay the same fees as Indian students.
3) Is the mess advance adjustable against food bills?
Yes. If your actual food expense is less than the advance, the extra amount will be adjusted or refunded.
