(With effect from March 01 2013 and valid for the Academic year 2013 only)

Remittance Information

1. a. Stage-wise fee payment:

The fee may be paid stage-wise. Currently, the Admission Fee is ` 10,000 and the program fee for Stage I is ` 20,000. Students are required to pay the fee as indicated in the Table given above either in lumpsum or through EMI facility. The students are required to pay the program fee for stage II, stage III and stage IV as may be prevalent at that time. Currently the program fee for the stage II, stage III and stage IV is ` 20,000 each.

b. The fee can be paid by way of Demand Draft or Credit Card (VISA or MasterCard only). The Demand Draft should be A/c payee crossed in favor of “The ICFAI University, Tripura - Fee Collection A/c” payable at Agartala. Students can make the payment through Credit Card. They should get their Credit Cards swiped for the required amount, sign and attach the merchant copy of the slip along with the Fee Remittance Form and keep the customer copy with themselves (as acknowledgement). No cash payment to be made while enrolling into the program.

c. Credit Card information being confidential should not be shared with anyone while making payments of fee. Under this facility, payment can be made by submitting the PDCs.

The initial amount should be paid by way of Demand Draft/Credit Card and the balance amount can be paid through submission of PDCs.

Students, who wish to make the payment through EMI, may use either of the following options:

a. PDC facility*: Under this facility, the balance amount should be paid through post dated cheques. The postdated cheques should be in favor of “The ICFAI University, Tripura - Fee Collection A/c”.

*As per RBI guidelines, only CTS 2010 compliant cheques are accepted.

The PDCs (CTS 2010 compliant) should be drawn on scheduled commercial banks. Only MICR and multi-city PDCs will be accepted. The initial payment is payable at the time of application by Demand Draft/Credit Card. The EMIs are payable on the first of every month, subsequent to enrollment. For example, if a student enrolls on April 15, his/her first EMI (amount payable in rupees) will be due on May 1. The EMIs should be paid through postdated cheques. The students should enclose the postdated cheques (A/c payee crossed) along with the Fee Remittance Form and the Demand Draft/ Credit Card slip for initial payment.

Students availing the EMI facility are required to complete the Fee Remittance Form and enclose the Demand Draft / Credit Card charge slip and postdated cheques for the required amount.

Students should note that only those Application Forms accompanied with the Demand Draft or Credit Card payment slip towards initial payment, and postdated cheques towards the EMI facility, will be considered as valid.

Students submitting the postdated cheques should ensure that the postdated cheques should not be dishonored under any circumstances when theyfor the program. Any students deviating from the above will be doing so at their own risk and responsibility.

2. Payment of Lumpsum fee – Through Credit Card EMI of HDFC Bank / ICICI Bank Credit Card EMI swipe:

Facility of Credit Card EMI swipe is available on select credit cards, accepted by the EDC terminals of HDFC Bank and ICICI Bank, installed at the University Information Offices. Amount swiped would be converted into convenient EMIs of tenure of 3, 6, 9 and 12 months by the bank as per the option exercised by the card holder/student at the time of swiping the card.

Based on the EDC Machine of the Bank used, processing fee will be charged either by the HDFC bank / ICICI Bank for availing the EMI facility from respective banks. EMI swipe is available only in case of full payment of program fee. Students who are making lumpsum payment can avail Credit Card EMI Swipe. Further details of the facility can be obtained from the Information Offices.

3. EMI facility for payment of fee:

EMI facility is offered to all the students for payment are deposited for payment. In the event of dishonor of any cheques, the students and the signatories of such cheques will be liable for prosecution under Section 138 of the Negotiable Instruments Act, 1881 and such other legal actions as may be taken by the University.

b. The University reserves the right to withdraw the EMI facility for payment of fee at any time.

4. The examination fee is to be paid separately as and when the student is eligible and register for the examinations. The fee is ` 500 per subject.

5. All students registering in the program are required to pay the stipulated payment as per schedule. Wherever students have arrears of payment, they will not be permitted to register for the examinations or their examination result will not be released and their grade sheets, pass certificates will not be issued; further such students will be considered as inactive on the rolls of the University and their names are liable to be removed from the records.

6. The fee is subject to change from time to time. Students will be informed of the payment revisions through e-mails, students regulations, etc. The students are required to pay the fee as may be prevalent in the relevant academic year. The fee indicated in this document is valid for 2013 academic year only.

7. Overseas Students:

Students who wish to receive the courseware at their overseas address are required to remit US$75 per year towards overseas courier charges. There are no overseas test centers. Examinations at overseas may be arranged for the convenience of students wherever possible. Students who wish to appear for examinations at overseas center may contact the University (ssd@icfaiuniversity.in) for further details.