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

IGNOU admission cycle opens twice in a year i.e. January and July. The registrations for January session usually begins in December and close by March. The July session for ODL/ Online programmes begin in May and continue till July. The mode of application is online for all the courses.

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

 

Yes, Yashwantrao Chavan Maharashtra Open University is a good university as it is a member of the AIU (Association of Indian Universities), ACU, AAOU, ICDE, and is accredited by NAAC (National Assessment and Accreditation Council) with an A Grade. YCMOU Nashik offers MBA, BSc, and various other programmes to postgraduate and undergraduate students. For more information please visit the official website or click here.

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.

Indian School of Business Management and Administration, Bangalore admission based on merit and entrance exams. The institute accepts national entrance exams such as the Karnataka PGCET. Indian School of Business Management and Administration, Bangalore course admission begin with the online application. Interested candidates can apply directly through the official website. 

Boston Institute of Analytics is a premier advanced training institute in Mumbai, Maharashtra. BIA campuses are spread across the US, UK, Europe and Asia. The institute has been consistently ranked 1st technology training institute by Business World, British Columbia Times, Business Standard, Avalon Global Research, IFC and several recognised forums.

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.

Hi,

Actuarial Science courses are offered at many levels and in different disciplines.

Admission to most of courses is based on merit system but some MBA programs in Actuarial Science specialisation require exam like CAT, MAT, XAT, CMAT, ATMA, etc.

Admission to BSc, BCom, etc. is based on merit.

Chartered Accountancy and Actuarial Science are two different working fields of study that are related to finance. A professional in Actuarial Science deals with risk factors that can occur in future and mitigation techniques. Whereas, a Chartered Accountant is one who deals with financial impacts of past events.

Knowing major differences between Actuarial Science and Chartered Accountancy is important as finance aspirants might go for wrong field thinking both fields are similar.

Yes, St. Xavier's College Ranchi is a good College. It was established in 1944 It is an autonomous institution located in Ranchi. It is established and administered by Ranchi Jesuit Province of the Society of Jesus. It is affiliated to BCom University. St. Xavier's College Ranchi is accredited with NAAC with Grade 'B+'. The college offers a range of UG, PG & Vocational courses in the fields of Humannities, Social Science, Science, Commerce, etc. UG courses like B.A, BSc & BCom are the most popular courses among students. The placement cell of the college is highly active providing students with multiple internships & placement opportunities. Research opportunities are also provided to the students.

EduKart.com is a well-known institution for MBA/PGDM, Executive MBA/PGDM, M.J.M.C, LL.M, PG Diploma, M.Sc, M.A, CFA, ITIL, Certificate, M.Com, UG Diploma, B.A, BBA courses. These programs are delivered by highly experienced faculty. As per Shiksha's verified reviews, EduKart.com has a rating of 3.8 on the basis of Shiksha-verified reviews by students. Not just this, it has also been rated 3 on Campus Life, 3 on Placements, 4 on Faculty and 4 on Infrastructure.

Indian Institute of Banking and Finance is a good institution for UG Diploma courses, and these programs are delivered by highly experienced faculty. Major specialisation at Indian Institute of Banking and Finance are Risk Management.

BAOU provides more than 80 undergraduate, postgraduate, UG diploma, PG diploma, certificates, and doctoral programmes. The fees for the certificate and UG Diploma course range between INR 600 - 8 K, and INR 1.2 K - 22 K, respectively. Moreover, the details for some more courses are mentioned in the below table:

Hindustan university of Arts and technological know-how has finished numerous ratings by means of distinctive groups. here are some highlights:

 

India today ranked HCAS 98th out of 178 schools in India in 2021 for typical performance.

inside the Arts movement, HCAS become ranked 99th out of 173 in India in 2023 through India these days.

Outlook ranked HCAS 81st out of 110 faculties in India in 2021 for ordinary overall performance.

For the science circulate, HCAS Chennai changed into ranked 104th out of 197 in India in 2023 by India nowadays.

those ratings reflect the college's standing in various disciplines and general academic fine. For the most cutting-edge ratings, it's quality to consult the modern reports or the college's professional bulletins.

Given below are the various affiliated colleges with the Indian School of Business Management and Administration, Kolkata:

Indian School of Technology and Management, Mumbai

Indian School of Business Management and Administration, Kolkata

Indian School of Business Management and Administration, Bangalore

Indian School of Business Management and Administration, Chennai

Indian School of Business Management and Administration, Chandigarh

Indian School of Business Management and Administration, Delhi

Indian School of Business Management and Administration, Pune

Indian School of Business Management and Administration, Mumbai

G-TEC Computer Education has been rated 4.75 for Faculty as per the Shiksha verified reviews by students. This represents that Institute has decent, qualified and experienced faculty members.

Food and Beverage Director and General Manager of a premier international hotel chain hold highest earning position in Tourism industry.

Food & Beverage Director is responsible for managing all parts of organization's food and beverage planning and service like -

• menu planning
• costing
• preparing and presenting food and beverages
• adhering to quality and safety requirements

The list of accepted entrance exams are mentioned below:

• CAT
• CMAT
• ACPC Admission
• JEE Main
• GUJCET
• NEET

Candidates must have valid scores in accepted entrance exams to get admission to various courses at Sabarmati University. 

The median salary granted to students upon a successful placement from the Carmel College, Mala is INR 1.28 LPA, indicating the institution's commitment to fostering prosperous career beginnings, with graduates receiving a commendable financial remuneration.

SRM Institute of Science and Technology admissions are conducted on the basis of entrance tests. The admission for the flagship programs are held on the basis of SRMJEEE UG exam. Further, SRM MBA admissions are conducted on the basis of SRMJEEM test. The SRMJEEE PG test is conducted for the various SRMIST PG courses. The university also accepts scoring from nationally-held tests like CAT, TANCET, MAT, etc. for admissions.

There is an online as well as an offline mode of application for ISBM University Raipur courses. Though the university page has not mentioned any specific application fees for the online application students can expect an application fee of INR 900 for the offline mode of applications though the same may apply for online as well.

After JEE session 2 is completed, only those candidates who are aiming for IITs need to start preparing for JEE Advanced after clearing JEE Main. Those who are above the 98th percentile should start preparing for JEE Advanced as soon as possible. Those below this, between the 95th and 98th percentile, should focus on attempting more mock tests and previous year question papers so that they have a better chance of clearing JEE Advanced

Institute of Finance, Banking and Insurance offers placement support to its students. Notable organizations that visit the institute for recruitment include Financial Consultant, Blue I Software Solutions, Dishu Sarees Ambala, Grid Inddia Power Cable Pvt Ltd, Induvidal, Monish Engineering, Nagaraja H, Drishti Lifesaving Private Limited.

Swami Vivekananda University is a private University managed by Prakhar Pragya Siksha Prasar Avum Samaj Kalayan Samiti, Madhya Pradesh. The University is UGC approved and is recognised by AICTE and ISO. The university offers several programs across various streams of Arts, Commerce, Science, Designing, Engineering etc.

Admissions to Swami Vivekananda University are based on the scores obtained in Entrance exams. MBA and M.Tech admissions are based on the scores in National entrance exams like CAT and GATE; whereas admissions to the undergraduate degrees are based on the merit scores of the candidates in the qualifying exam.

The University offers a Bachelor’s programme in Aeronautical Engineering. Admission to the programme is based on the qualifying scores of the candidates in JEE Main followed by a personal interview round. Applications to admissions are available in both Online and Offline modes.

The University holds a good placement record; companies like IDEA, INFOSYS, Airtel, Dabur etc. are some of the top recruiters in the placement drive at the campus. The institute also offers scholarships to the poor, needy as well as meritorious students as per the scholarship programmes by the government. Students have to apply for the scholarships at the starting of the academic session with the required documents.

Institute of Finance, Banking and Insurance has courses such as PGDM, UG Diploma which are primarily in the stream of Business & Management Studies, Banking, Finance & Insurance. Institute of Finance, Banking and Insurance has specializations such as MBA/PGDM specializations in Operations, UG Diploma specializations in Finance.

Some medical field which offer best work and life balance are shown below -

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