Diploma in Banking, Finance & Insurance Colleges in India 2026: Fees, Admission, Courses

There are 400+ Diploma in Banking and Insurance colleges in India. Among these, 205 colleges are privately owned, 53 are owned by public/government organizations, and public-private entities own 10 colleges. Students can secure admission after qualifying their Class 12 exams, and also some colleges may admit students based on entrance exams such as CAT, XAT, MAT, CMAT, etc. Some popular Diploma in Banking and Insurance colleges in India include SPJIMR Mumbai, FORE School of Management, Welingkar Mumbai, BIMTECH, National Institute of Bank Management, ISBR Business School, Great Lakes Institute of Management in Gurgaon, Amity University Online, Jagdish Sheth School of Management, and many others.

Hi,to determine the No. 1 Diploma in Banking and Insurance colleges in India, check the below table along with their total tuition fees:

College Name	Total Tuition Fee
SPJIMR Mumbai Admission	INR 15 lakh – INR 24 lakh
FORE School of Management Admission	INR 18 lakh
Welingkar Mumbai (WeSchool) Admission	INR 1 lakh – INR 14 lakh
National Institute of Management Technology Admission	INR 13 lakh – INR 14 lakh
National Institute of Bank Management Admission	INR 14 lakh

It is estimated that joining Diploma in Banking, Finance and Insurance colleges in India can be affordable as most of the colleges have tuition fees of less than INR 1 lakh. Listed below are some of the colleges along with their fees:

Low-cost Colleges	Total Tuition Fee
National Insurance Academy	INR 9,000 - INR 18,000
Ramanujan College, University of Delhi	INR 5,000
IGNOU	INR 10,000 - INR 20,000
Institute of Distance Education, University of Madras	INR 12,000
Banaras Hindu University	INR 85,000

Joining Diploma in Banking and Insurance colleges in India can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their fees and average placement package:

College Name	Total Tuition Fee	Average Placement Package
SPJIMR Mumbai	INR 15 lakh – INR 24 lakh	INR 29 LPA – INR 32 LPA
FORE School of Management	INR 18 lakh	INR 14 LPA
Welingkar Mumbai	INR 1 lakh – INR 14 lakh	INR 9 LPA - INR 12 LPA
Birla Institute of Management Technology	INR 13 lakh – INR 14 lakh	INR 11 LPA
National Institute of Bank Management	INR 14 lakh	INR 11 LPA

ISBR Business School is generally considered a Tier 2 business school, although it is a well-regarded private institution with strong industry links and recognition in various surveys. It is approved by AICTE, AIU, and accredited by the NBA. ISBR is listed among the Top Business Schools of the Country and approved by AICTE, Ministry of HRD, Government of India.

Applicants should be aware that each institute may have different requirements for eligibility. People who want to apply to colleges or universities must visit their official website. Colleges that accept CAT, GMAT, MAT, or XAT scores for admission include IMI, ISB, and IIMP. On the other hand, some institutions offer direct admission based on merit.

Eligibility Criteria
10th Diploma	Candidates who passed the 10th class/equivalent from any recognised institute/board are eligible to apply.
UG Diploma	Candidates can obtain admission to UG Diploma on a merit basis. For instance, Colleges of Delhi University grants admission to candidates based on cutoff. The cutoff list is prepared based on the candidate’s score on the 12th boards.
PG Diploma/MBA	Candidates must have completed BCom/BBA/BBS/BA in Economics in any one of the subjects with a minimum of 60% in aggregate to qualify for the admission process.   Candidate must have completed Bachelor’s degree or equivalent with a minimum of 50% marks in aggregate in any discipline. Candidate must have obtained valid score in national/state level entrance exams- CAT/ GMAT/ CMAT/ ATMA/ MAT/ XAT/ IMI test score.

Actuarial Science is a specialised field that employs mathematical and statistical techniques to evaluate and control financial risks across various industries, with a focus on insurance and finance. Actuaries apply their expertise to assist companies in making well-informed choices related to investments, pricing strategies, and risk mitigation. Fresh graduates and experienced professionals are presented with a range of job opportunities in this field, encompassing diverse profiles.

Job Roles	Average Salary
Specialist Officers	INR 7 LPA
Investment Banker	INR 17 LPA
Financial Analyst	INR 5.7 LPA
Insurance Claim Adjuster	INR 3.2 LPA
Financial Consultant	INR 5.9 LPA
Insurance Claims Specialist	INR 3.9 LPA
Insurance Agent	INR 2.5 LPA

Disclaimer: The above mentioned salaries has been taken from Ambitionbox; therefore it may vary in future.

For admission to UG diploma, candidates are granted admission on a merit basis. There are no entrance exams for admission. Some of the top institutes in India grants admission on the basis of entrance exams. Some of the entrance exams that candidates must appear for are XAT, CAT, CMAT, ATMA, MAH CET, GMAT,  and so forth. 

The table below shows the private best colleges offering Diploma in Finance in India along with their total tuition fees:

Private Colleges	Total Tuition Fee
SPJIMR Mumbai Admission	INR 15 lakh – INR 24 lakh
FORE School of Management Admission	INR 18 lakh
Welingkar Mumbai (WeSchool) Admission	INR 1 lakh – INR 14 lakh
Birla Institute of Management Technology Admission	INR 13 lakh – INR 14 lakh
ISBR Business School Admission	INR 10 lakh – INR 12 lakh

 

The Welingkar Institute of Management is most renowned for its PGDM courses. It provides PGDM courses in different specialisations like Marketing, Finance, Human Resources or Operations, etc. The Welingkar Institute of Management provides MBA and MMS courses which are most reputed. It offers decent placements in these courses. 

The table below shows the government best colleges offering Diploma in Finance in India along with their total tuition fees:

Public/Government Colleges	Total Tuition Fee
IGNOU Admission	INR 10,000 – INR 20,000
IIRM Hyderabad Admission	INR 1 lakh – INR 10 lakh
Ramanujan College, University of Delhi Admission	INR 5,000
Banaras Hindu University Admission	INR 85,000
BSE Institute Limited, Mumbai Admission	INR 4 lakh – INR 7 lakh

 

Banking and finance institutes in India provide a wide range of specializations, including Finance, Sales & Marketing, Human Resources, Operations, IT & Systems, and many more. The specializations offered by the number of colleges are displayed in the table below:

Top Specialisations	No. of Colleges
Finance	186
Sales & Marketing	88
Human Resources	82
Operations	65
International Business	37

 

Banking refers to accepting and safeguarding the money owned by the entity or individuals.  Finance is a broad term that includes banking, money, capital market and so forth. Insurance is presented in a form of a policy in which an entity or individual receives financial reimbursement or protection against losses. Graduates with a Diploma in Banking, Finance, and Insurance can work in a variety of fields, including banking, insurance, and financial organizations. Banking associates, customer service representatives, insurance sales agents, and financial analysts are common examples of these occupations.

The below is the EMPI Business School PGDM fee:

PGDM Fees	Amount
1st year fee	INR 5 lakh
2nd year fee	INR 4.75 lakh
Total	INR 9.75 lakh

Admission to SPJIMR courses is based on merit or entrance exam scores of the candidates. For PGDM/ PGPM, candidates are required to pass CAT/ GMAT followed by a personal interview round. The selection for Online PGDM is based on a personal interview round. Candidates are required to meet the selection requirements for admission to any of the PG programmes. For FPM, admission is based on the Research Aptitude Test followed by PI. Besides, admission to GMP programme is based on CAT, XAT, GMAT, GRE followed by PI round. Hence, direct admission is not possible.

The table below shows the placement package offered by top recruiters participated in top Diploma in Banking, Finance and Insurance colleges in India:

College Name	Average Placement Package	Top Recruiters
SPJIMR Mumbai Placement	INR 29 LPA – INR 32 LPA	Castrol, KPMG, CISCO, Barclays, Godrej, etc.
FORE School of Management Placement	INR 14 LPA	Adani Group, Gartner, Asian Paints, Havells, etc.
Welingkar Mumbai Placement	INR 9 LPA - INR 12 LPA	Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc.
Birla Institute of Management Technology Placement	INR 11 LPA	ADP, Deloitte, KPMG, Wipro, Panasonic, etc.

Such skills are advanced maths and stats, insurance regulation, predictive modeling, financial reporting etc. Other skills include Data Analysis & Software Proficiency, Proficiency in Excel (including VBA) and programming languages for data manipulation and visualization.

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Actuarial Science

Yes actuarial Science is one of the highest-paying careers in finance. It offers high job security and global recognition with certain credentials. Some of the top consulting firms, insurance companies, and financial services hire such professionals at impressive salaries in both India and abroad.

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Actuarial Science Course

Sri University awards various scholarships to students as financial support. Various Scholarship schemes that are funded by the Central/State Government aim to provide financial sid to the needy & meritorious students with a view to give them with better opportunities & also increase their rate of attainment in higher education & also enhance their employability are listed down below:

Scholarship Name	Funded by
Post Matric Scholarships Scheme for Minorities	Ministry of Minority Affairs
Merit Cum Means Scholarship for Professional and Technical Courses CS	Ministry of Minority Affairs
Post-matric Scholarship for Students with Disabilities	Department of Empowerment of Persons with Disabilities

Praxis Business School offers various postgraduate courses in the Management stream. All the PGDM courses are approved by the All India Council for Technical Education (AICTE). The exams accepted for the MBA/PGDM course are MAT, XAT, CAT, CMAT, ATMA. The total seat intake for MBA/PGDM courses is 180. 

The course fee and eligibility for the FORE School of Management PGDM programme is as shown:

• The eligibility for the FORE School of Management PGDM programme is graduating with a minimum 3-year degree from a recognised university with minimum 50% aggregate scores.
• While the course fees are around INR 23.24 Lakhs for self-sponsored students and around INR 27.83 Lakhs for company-sponsored students.

Visit the official page of Birla Institute of Management Technology and apply to the required programme by filling the application form. The application fee is INR 2,250. Candidates can check the steps given below to complete BIMTECH application process:

1: Visit the official website.

2: Go to the admission tab.

3: Click “Apply for Admission”.

4: Register with basic details to get application credentials.

5: Login to fill and complete the application form.

6: Pay application and complete the form. 

IMT Ghaziabad offers courses to students at the PG level in the Management field. The institute offers PGDM programme to students as its popular programme. It is equivalent to MBA and is offered for a duration of 2 years

Vishwa Vishwani Institute of Systems and Management has been rated 4.5 on Infrastructure parameter. Vishwa Vishwani Institute of Systems and Management provide good facilities all around the campus such as A/C ClassroomsAuditorium, Boys Hostel, Girls Hostel, Hospital / Medical Facilities, Hostel, Labs, Library, Shuttle Service, Sports Complex, Wi-Fi Campus. Vishwa Vishwani Institute of Systems and Management has also been rated 4.5 for Campuslife.

According to official website desired entrance ranges would be: CAT, XAT: 80-96 percentile. Since the applicant pool varies in number and quality every year, the Safe Scores may vary as well. As a broad indicator based on the past experience, a 80+ percentile in XAT/CAT.

Great Lakes Institute of Management, Gurgaon, considers CAT, XAT, and CMAT scores for admission to its PGDM program. In the context of MBA courses at Great Lakes Institute of Management, Gurgaon, the eligibility criteria may include academic qualifications, work experience, entrance exam scores, and other factors such as past academic performance, essays, and personal interviews.

Students can apply for placements at IGNOU online. Students need to visit the official website of IGNOU and click on the placement section of the website. The Placement section keeps on updating notification regarding Campus Placement Drives. , Students also receive notification regarding job application on their registered mobile. These job notifications include detailed information on vacancies, salary package and interview date.

Indeed, through a management quota or on the basis of merit, the GNIOT Institute of Management Studies (GNIOT IMS) may grant direct admission for specific programs, particularly for courses like MBA or BBA. However, the programme and the institute's current rules may have an impact on the precise admission requirements for direct entry. Direct admission is usually possible for applicants with a strong academic record or who perform well on accepted entrance exams (such as the CAT, MAT, or XAT for MBA). 

IMT Hyderabad offers Executive and postgraduate courses to students. At the postgraduate level, the college offers PGDM courses to students. PGDM is provided in various specialisations such as Finance, IT, Marketing, and others. IMT Hyderabad Finance electives include the following

• Financial Derivatives
• Financial Services

• Wealth Management
• Financial Statement Analysis
• International Finance
• Security Analysis
• Portfolio Management, etc

No, Rajalakshmi School of Business does not accepts ofline application. Candidates who are interested in studying PGDM programme at the school can check their eligibility and apply directly through the official website of the school.