What are the fees at the IIM Bangalore?

Some of my friends studied at IIM Bangalore. Like any other IIM, this institute is a bit costly. Also being among the top IIMs costs a little more.

The fees for the batch 2020-22 are said to be standing around 25 lakhs if not more. This includes Tuition fees, Library charges, Internet charges, course materials, Case permission royalties, Hostel room rent and service charges, Personal Accident Insurance, Alumni Activity, and Medical insurance.

The above-mentioned fee excludes Service Tax and any such kind of taxes. These taxes are applicable by law and are collected from the students at the prescribed rates.

Moreover a fee of Rs. 20,000 is collected as caution fees and as a security and an amount of Rs. 30,000 is to be paid each term in advance.