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SupportIIM Indore IPM Fees: Check IPMAT Indore Fee Structure With Hostel
Last Updated on 17 Oct 2026
The IIM Indore IPM fees is divided into term-wise payments across the first three years of the five-year programme. The total fee for the first three years is ₹20.12 lakh for domestic students and ₹29.12 lakh for international students. It includes the course fee, mess deposit and refundable caution deposit.
Students pay the fee across three terms in each academic year. After completing the first three years, students move to the PGP/MBA programme for the final two years. The fee for these years is based on the prevailing PGP fee applicable to the respective batch.
In this article, we have discussed IIM Indore IPM fees, term wise breakup, hostel fee and more.
Table Of Contents
IIM Indore IPM Fees for 5 Years
The total 5 year fees for IPM at IIM Indore is over ₹45 lakhs. This includes all components like tuition fee, hostel fee, mess charges, and more. Check the year-wise bifurcation below:
| Academic Year | IIM Indore IPM Total Fee |
|---|---|
| IPM-I | ₹7,04,000 |
| IPM-II | ₹6,54,000 |
| IPM-III | ₹6,54,000 |
| Total for 3 years | ₹20,12,000 |
| IPM-IV | ₹13,04,000 |
| IPM-V | ₹12,11,800 |
| Total for 5 years | ₹45,27,000 |
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IIM Indore IPM Fee Structure 2027 (for Domestic Students)
The IIM Indore IPM fee for domestic students includes the course fee, mess deposit and refundable caution deposit. For the first three years, the total fee is ₹20.12 lakh, while the fee for the fourth and fifth years will be based on the prevailing PGP/MBA fee applicable to the respective batch.
IPM-I AY 2026–27
| Fee Head | Term I | Term II | Term III |
|---|---|---|---|
| Course Fee | ₹2,00,000 | ₹2,00,000 | ₹2,00,000 |
| Refundable Caution Deposit | ₹50,000 | — | — |
| Mess Deposit | ₹18,000 | ₹18,000 | ₹18,000 |
| Grand Total | ₹2,68,000 | ₹2,18,000 | ₹2,18,000 |
IPM-II AY 2027–28
| Fee Head | Term IV | Term V | Term VI |
|---|---|---|---|
| Course Fee | ₹2,00,000 | ₹2,00,000 | ₹2,00,000 |
| Mess Deposit | ₹18,000 | ₹18,000 | ₹18,000 |
| Grand Total | ₹2,18,000 | ₹2,18,000 | ₹2,18,000 |
IPM-III AY 2028–29
| Fee Head | Term VII | Term VIII | Term IX |
|---|---|---|---|
| Course Fee | ₹2,00,000 | ₹2,00,000 | ₹2,00,000 |
| Mess Deposit | ₹18,000 | ₹18,000 | ₹18,000 |
| Grand Total | ₹2,18,000 | ₹2,18,000 | ₹2,18,000 |
Note: The course fee for the fourth and fifth years will be equal to the prevailing PGP course fee.
IPMAT Indore Fees for International Students
The IIM Indore IPM fee for international students includes the course fee, mess deposit, refundable caution deposit and other applicable charges. For the first three years, the total fee is ₹29.12 lakh, while the fee for the fourth and fifth years will be based on the prevailing PGP/MBA fee applicable to the respective batch.
IPM-I AY 2026–27
| Fee Head | Term I | Term II | Term III |
|---|---|---|---|
| Course Fee | ₹3,00,000 | ₹3,00,000 | ₹3,00,000 |
| Refundable Caution Deposit | ₹50,000 | — | — |
| Mess Deposit | ₹18,000 | ₹18,000 | ₹18,000 |
| Grand Total | ₹3,68,000 | ₹3,18,000 | ₹3,18,000 |
IPM-II AY 2027–28
| Fee Head | Term IV | Term V | Term VI |
|---|---|---|---|
| Course Fee | ₹3,00,000 | ₹3,00,000 | ₹3,00,000 |
| Mess Deposit | ₹18,000 | ₹18,000 | ₹18,000 |
| Grand Total | ₹3,18,000 | ₹3,18,000 | ₹3,18,000 |
IPM-III AY 2028–29
| Fee Head | Term VII | Term VIII | Term IX |
|---|---|---|---|
| Course Fee | ₹3,00,000 | ₹3,00,000 | ₹3,00,000 |
| Mess Deposit | ₹18,000 | ₹18,000 | ₹18,000 |
| Grand Total | ₹3,18,000 | ₹3,18,000 | ₹3,18,000 |
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What Does the IIM Indore IPM Fees Include?
The IIM Indore IPM fee includes more than the annual course fee. For the latest published 2026–31 fee structure, students also need to pay a refundable caution deposit, mess deposit and medical insurance premium. These additional charges are separate from the course fee and are subject to the institute's specified terms.
1. Refundable Caution Deposit
The refundable caution deposit is a one-time amount collected from IPM students as a security deposit. For both domestic and international students, the amount is ₹50,000, payable in Term I of the first year. IIM Indore states that this deposit is refundable on completion of the five-year course, after applicable deductions such as the medical insurance premium and other dues.
2. Mess Deposit
The mess deposit is used to adjust the student's actual mess bill. For the first three years, the mess deposit is ₹54,000 per academic year, paid as ₹18,000 per term. The same amount is listed for domestic and international students. IIM Indore notes that the mess deposit is adjusted against the actual mess bill.
3. Medical Insurance Premium
Students also have to pay a medical insurance premium, which is charged based on actuals. The institute states that the premium is deducted from the refundable caution deposit. The latest published fee document lists the insurance premium separately from the course fee and mess deposit.
4. Other Expenses
The IIM Indore IPM course fee does not include the cost of textbooks. Students may therefore have to bear textbook and other academic expenses separately. Fees and mess deposits can be paid in three term-wise instalments as specified by the institute.
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IIM Indore IPM Commitment Fees
Selected candidates must pay the IIM Indore IPM commitment fee while accepting the provisional admission offer. The non-refundable commitment fee is ₹1,00,000 for Indian Nationals holding an Indian passport and ₹1,50,000 for Foreign Nationals holding a foreign passport. The fee must be paid at the time of accepting the IIM Indore IPM admission offer.
IIM Indore IPM Hostel Fees
The IIM Indore IPM hostel fee includes hostel charges, miscellaneous fees, and a refundable caution fee, as shown below:
| Head | Amount in ₹ |
|---|---|
| Hostel Charges | 20,000 |
| Miscellaneous Fees | 10,000 |
| Total | 30,000 |
| Refundable Caution Fees | 5,000 |
| Grand Total | 35,000 |
Scholarships & Education Loans for IIM Indore IPM
IIM Indore offers financial assistance through need-based support, government scholarships and education loans. Eligibility and assistance depend on factors such as family income, category and merit.
1. Need-Based Financial Assistance (NBFA)
IIM Indore's Need-Based Financial Assistance (NBFA) is available to domestic students with parental family income below ₹12 lakh per year. Students must submit income certificates, ITRs, bank statements and asset declarations. Financial assistance can range from a partial fee waiver to a full fee waiver, based on the Financial Aid Committee's assessment.
2. Central Government Scholarship Schemes
| Scholarship Scheme | Eligibility | Financial Assistance |
|---|---|---|
| Top Class Education Scheme for SC Students | Eligible SC students | Up to ₹2 lakh per year towards tuition fee, ₹86,000 living expenses in the first year, ₹41,000 in subsequent years and up to ₹5,000 for a computer/laptop |
| National Scholarship/Fellowship for Higher Education of ST Students | Eligible ST students | Financial assistance towards tuition and other approved expenses as per scheme norms |
| Merit-cum-Means Scholarship | Eligible minority students meeting merit and income criteria | Up to ₹20,000 per year for hostellers and ₹10,000 per year for day scholars |
3. State Government Scholarships
State governments offer scholarships based on category, family income and academic eligibility. The scholarship amount varies by state and scheme.
4. Education Loans
Students can apply for education loans to finance their IIM Indore IPM expenses. Under some schemes for premier institutions, collateral-free loans of up to ₹40 lakh may be available, subject to the bank's eligibility criteria. Interest rates, repayment periods and collateral requirements vary by lender.
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Is the IIM Indore IPM Fee Worth It? ROI Explained
The IIM Indore IPM fee needs to be viewed against the complete five-year programme and the career opportunities available after graduation. For the first three years, the published fee for Indian students is about ₹20.12 lakh, excluding the fourth and fifth-year PGP/MBA fee. For Years 4 and 5, students pay the fee applicable to the PGP batch they join.
| Parameter | IIM Indore IPM |
|---|---|
| First 3-year fee for Indian students | ₹20.12 lakh |
| Current PGP fee for Year 4 | ₹12 lakh |
| Current PGP fee for Year 5 | ₹12 lakh |
| Approx. 5-year fee based on current rates | ₹44.12 lakh |
| Latest average placement package (PGP + IPM) | ₹29.57 LPA |
| Latest median placement package (PGP + IPM) | ₹27 LPA |
| Highest package | ₹70 LPA |
Overall, the financial ROI can look attractive when compared with the latest placement outcomes, but students should evaluate the programme using the median package and the complete five-year cost rather than the highest package alone.
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Virendra Soni
Virendra heads SEO & Content at LPT. A writer at heart, he focuses on building exam-focused content that informs, guides, and supports aspirants in their preparation journey.