IIMs in India are the top choice among candidates for pursuing management programmes such as MBA/PGDM, executive MBA, etc. This could be due to the academic excellence, case-based teaching methodology, practical exposure, competitive learning environment, amazing placement opportunities etc. But there are some IIMs with lowest fee structure and provides good opportunities for candidates in the management domain.
This blog is a perfect guide for you about the detailed information on lowest fee IIM in India 2026 with the detailed MBA fee structure, average package, highest package, rankings and more. So, let’s discuss it in a detailed manner.
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IIMs in India With lowest Fees Structure
This quite is asked by many students and the getting lowest fee IIM in India with good ROI structure is not a bad option to pursue. Among all the 22 IIMs in India, IIM Amritsar, IIM Bodhgaya, and IIM Sirmaur possesses the flexible fee option to the candidates for their MBA programme.
- IIM Amritsar: It is considered as the “Baby IIM in India” and established in 2015. Its NIRF 2025 management ranking is 64. There are several programmes that Indian Institute of Management offers such as MBA, EMBA, MBA HR, MBA BA, Doctoral program (PhD), Post-Doctoral Fellowship Program (PDF), and IPM.
- IIM Bodhgaya: Indian Institute of Management Bodhgaya is also considered as the “Baby IIM in India” and established in 2015. There are several programmes that IIM Bodhgaya offers such as MBA, MBA in Digital Business and AI, MBA in Hospital and Healthcare Management, Executive MBA, PhD program in Management, Executive PhD program in Management, Integrated Programme in Management, Post Graduate Certificate in Public Policy and Good Governance.
- IIM Sirmaur: IIM Sirmaur is also considered as the “baby IIM in India” and have the lowest fee structure of MBA programme. This IIM is established in 2015. There are several programmes that IIM Sirmaur offers such as MBA, MBA (Tourism Management), MBA in Tourism, Travel and Hospitality Management, Post Graduate Programme for Executives on Leadership in Smart Manufacturing (PGPEX-LSM), and MBA in Family Managed Businesses; two executive master programs, EMBA and EMBA (Digital Transformation and Analytics); one full time Bachelor’s program Bachelor of Management Studies and Doctoral program.
IIM Amritsar 2026 Fee Structure
IIM Amritsar is the Baby IIM in India and the detailed fee structure of the same is specified in the table given below.
| Sr. No. | Components | AY 2026-27 (First Year Fee) | Term 1 | Term 2 | Term 3 | AY 2027-28 (Second Year Fee) | Term 4 | Term 5 | Term 6 |
| 1 | Tuition | Rs. 710,000 | Rs. 250,000 | Rs. 230,000 | Rs. 230,000 | Rs. 710,000 | Rs. 250,000 | Rs. 230,000 | Rs. 230,000 |
| 2 | Academic Support | Rs. 188,000 | Rs. 68,000 | Rs. 60,000 | Rs. 60,000 | Rs. 188,000 | Rs. 68,000 | Rs. 60,000 | Rs. 60,000 |
| 3 | Hostel | Rs. 60,000 | Rs. 20,000 | Rs. 20,000 | Rs. 20,000 | Rs. 60,000 | Rs. 20,000 | Rs. 20,000 | Rs. 20,000 |
| 4 | Student Activities & Health | Rs. 17,000 | Rs. 7,000 | Rs. 5,000 | Rs. 5,000 | Rs. 17,000 | Rs. 7,000 | Rs. 5,000 | Rs. 5,000 |
| 5 | Total Program Fee Amount | Rs. 975,000 | Rs. 345,000 | Rs. 315,000 | Rs. 315,000 | Rs. 975,000 | Rs. 345,000 | Rs. 315,000 | Rs. 315,000 |
| 6 | Caution Deposit | Rs. 50,000 | Rs. 50,000 | – | – | – | – | – | – |
| 7 | Mess Deposit | Rs. 75,000 | Rs. 25,000 | Rs. 25,000 | Rs. 25,000 | Rs. 75,000 | Rs. 25,000 | Rs. 25,000 | Rs. 25,000 |
| Total Payment Amount | Rs. 1,100,000 | Rs. 420,000 | Rs. 340,000 | Rs. 340,000 | Rs. 1,050,000 | Rs. 370,000 | Rs. 340,000 | Rs. 340,000 |
IIM Bodhgaya 2026 Fee Structure
IIM Bodhgaya is the Baby IIM in India and the detailed fee structure of the same is specified in the table given below.
| Fee Component | Year 1 – Term I | Year 1 – Term II | Year 1 – Term III | Year 2 – Term IV | Year 2 – Term V | Year 2 – Term VI |
| Tuition Fee | Rs. 160,000 | Rs. 160,000 | Rs. 160,000 | Rs. 160,000 | Rs. 160,000 | Rs. 160,000 |
| Hostel Rent | Rs. 41,000 | Rs. 41,000 | Rs. 41,000 | Rs. 41,000 | Rs. 41,000 | Rs. 41,000 |
| Academic Charges | Rs. 80,000 | Rs. 80,000 | Rs. 80,000 | Rs. 80,000 | Rs. 80,000 | Rs. 80,000 |
| Admission Fee | Rs. 15,000 | – | – | – | – | – |
| Annual Registration Fee | Rs. 6,000 | – | – | Rs. 6,000 | – | – |
| Student Activity Fee | – | Rs. 5,000 | Rs. 5,000 | – | Rs. 5,000 | – |
| Career Development Fee | Rs. 8,000 | Rs. 8,000 | Rs. 8,000 | Rs. 8,000 | Rs. 8,000 | Rs. 8,000 |
| Alumni Activity Fee | – | – | – | – | – | Rs. 5,000 |
| Convocation Fee | – | – | – | – | – | Rs. 10,000 |
| Term-wise Total | Rs. 310,000 | Rs. 294,000 | Rs. 294,000 | Rs. 300,000 | Rs. 294,000 | Rs. 304,000 |
| Year-wise Total | Rs. 898,000 | Rs. 898,000 | ||||
| Course Total | Rs. 1,796,000 | |||||
| Caution Deposit | Rs. 25,000 | – | – | – | – | – |
| Mess and Laundry Deposit | Rs. 26,000 | Rs. 21,000 | Rs. 21,000 | Rs. 21,000 | Rs. 21,000 | Rs. 21,000 |
IIM Sirmaur 2026 Fee Structure
IIM Sirmaur is the Baby IIM in India and the detailed fee structure of the same is specified in the table given below.
| Fee Component | Year I – Term I | Year I – Term II | Year I – Term III | Year II – Term IV | Year II – Term V | Year II – Term VI |
| Admission Fee | Rs. 70,000 | – | – | – | – | – |
| Tuition Fee | Rs. 280,000 | Rs. 280,000 | Rs. 280,000 | Rs. 280,000 | Rs. 280,000 | Rs. 280,000 |
| Hostel Charges | Rs. 40,000 | Rs. 40,000 | Rs. 40,000 | Rs. 40,000 | Rs. 40,000 | Rs. 40,000 |
| Alumni Membership Fee | Rs. 3,000 | Rs. 0 | Rs. 0 | Rs. 3,000 | Rs. 0 | Rs. 0 |
| Mediclaim | Rs. 2,000 | Rs. 0 | Rs. 0 | Rs. 2,000 | Rs. 0 | Rs. 0 |
| Term-wise Total | Rs. 395,000 | Rs. 320,000 | Rs. 320,000 | Rs. 325,000 | Rs. 320,000 | Rs. 320,000 |
| Year-wise Total | Rs. 1,035,000 | Rs. 965,000 | ||||
| Course Total | Rs. 2,000,000 | |||||
| Refundable Caution Money | Rs. 30,000 | – | – | – | – | – |
| Mess Fee | As applicable | As applicable | As applicable | As applicable | As applicable | As applicable |
Lowest Fee IIMs in India: Placements & Rankings
This section helps you with the detailed placement statistics of IIMs in India with lowest MBA fee structure.
| IIM in India with low Fees 2026 | Average Package | Highest Package |
| IIM Amritsar | 19.11 LPA (Top 20%) | 25.86 LPA |
| IIM Sirmaur | 13.30 LPA | 32.65 LPA |
| IIM Bodhgaya | 13.00 LPA | 22.00 LPA |
IIM in India With lowest Fee 2026: Rankings
| IIM in India with low Fees 2026 | Rankings (NIRF 2025) |
| IIM Amritsar | 64 |
| IIM Sirmaur | 51 |
| IIM Bodhgaya | 31 |
Why Top IIMs in India Have High MBA Fees?
There are several reasons which are responsible for the high fee structure of top IIMs in India.
- Academic Excellence: This factor is quite important to taken into consideration because top IIMs are widely know for its top academics and the best management institutes in the country for pursuing MBA/PGDM programmes.
- Practical Industry Exposure: The course-curriculum is aligned with the top-industry level. Although, top IIMs provides the competitive learning environment to ensure the top quality education in India.
- Competitive Learning Environment: Top IIMs select candidates to the programmes after complete evaluation and that makes an overall competitive learning environment.
- Top Alumni Networks: You will get top alumni network in IIMs and this creates an impact in the overall learning environment.
- Great Placement Opportunities: Find the great placement opportunities in top management companies such as Mckinsey, Bain & Co, FMCG and more.
Conclusion: IIM in India With low Fees
IIM Amritsar, IIM Bodhgaya, and IIM Sirmaur show that a solid management degree is still affordable for students who want the IIM tag without a fee that runs into 25 or 30 lakh rupees. If cost is your biggest concern, IIM Bodhgaya works out cheapest, with the full course costing close to 17.96 lakh. If you’re chasing better average placements, IIM Amritsar stands out with an average package of 19.11 LPA, even though its fee is a bit higher and its NIRF rank isn’t as strong. IIM Sirmaur lands somewhere in the middle on fees but offers the highest package among the three at 32.65 LPA, along with a better ranking than Amritsar. None of these three can really be called the outright winner. It depends on what you personally value more: a lower fee, better average outcomes, or a shot at a higher package. Either way, all three institutes carry the IIM name, decent faculty, and genuine placement opportunities, and none of them will cost you what the older, more established IIMs typically charge.
