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:

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:

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:

Candidates willing to get admission must take part in the CMT Business School admission process before the last date of application. Candidates must know their CMT Business School eligibility criteria and apply accordingly. Follow the CMT Business School application process mentioned below:

Step 1: Visit the official website of CMT Business School.

Step 2: Select the required course and pay the application fee.

Step 3: Fill out and submit the application form with the required information.

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.

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.

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:

Yes, students can get admission in Auro University without entrance exam for some programmes. The university offers admissions on both merit and entrance basis. For admission to BBA, BDes, etc., admissions are possible without entrance test. 

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

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:

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.

GNIOT Institute of Management Studies (GIMS) is one of the prominent management institutes in Greater Noida but may not be the absolute best compared to other top institutions in the region. It is well-regarded for its industry-oriented curriculum, good placement records, and academic infrastructure. Ranked among the top 9 in Delhi/NCR by The WEEK and awarded an A+ category ranking by Chronicle, GIMS is recognised for its consistent performance. However, other institutes like BIMTECH (Birla Institute of Management Technology) and Sharda University also have strong reputations in Greater Noida.

While GIMS offers a solid education and placement opportunities, whether it's the "best" depends on individual preferences, course offerings, and specific career goals.

IIRM Hyderabad admission is primarily entrance-based. The college accepts various national-level entrance exams such as CAT/ XAT/ MAT/ CMAT/ GMAT/ ATMA/ IIRMCET exam. Apart from the entrance exam,  IIRM Hyderabad also considers the academic performance of the candidate and performance in the personal interview round. Candidates interested in getting into the IIRM Hyderabad flagship PGDM course must appear for the relevant national-level management entrance exam or IIRMCET exam. 

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

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

Students should register for the BCom course and go through distinct selection rounds for admission. Check the guided process to get admission to ISBR Bangalore:

1: Go to the verified website of the institute.

2: Complete the application form with your personal & academic details.

3: Appear for the ISBR Aptitude Test

4: Appear for a Personal Interview

5: Selected students will be called up for admission by the admission panel.

It is difficult to say whether getting into FORE School of Management is tough or easy and will depend on the:

• Candidate's level of preparation
• Competition
• Available seats
• Personal motivation

As well as a number of other factors that will not be discussed here. But admissions to the different courses at the institute will depend on entrance exam scores such as CAT, XAT and GMAT for its PGDM courses.

The flagship programme offered at Vidyalankar School of Business, VSB is the MBA/PGDM. Every student at Vidyalankar School of Business, [VSB] Mumbai has the opportunity to strive for success by utilising the greatest resources available in terms of technology, industry engagement, and real-world, hands-on problem-solving internships. Executive management courses, postgraduate diplomas, and postgraduate certifications are available at Vidyalankar School of Business (VSB) in Mumbai. Retail management, business analytics, digital marketing, banking & financial management, marketing management, financial management, operations management, information systems, international business, human resource management, and supply chain management are among the specialisations offered for PGDM courses at VSB.

IBI has a balanced strength of faculty resources having 10-15 years of experience in academics and the industry. The faculty hail from institutions like IIMs, XLRI, IMT, Great Lakes Institute of Management, Symbiosis and big corporates. The Faculty at the Institute functions to bring about a right mix of theory, application along with proportionate practice which caters to the ongoing industry needs.

The faculty at XIME is good.  The below-mentioned are Xavier Institute of Management and Entrepreneurship Chennai faculty details:

Praxis Business School courses are offered to students at the PG and PhD levels. The college is mainly concerned with the Business Management stream and offers courses in full-time mode. The flagship programme offered at the Praxis Business School is PGDM. Further, the college offers this programme for a duration of 2 years with a comprehensive curriculum.

SBS Ahmedabad offers PGDM courses with specialisations such as Marketing, Finance, Human resources, Data Science, Communications, Supply Chain Management, and Entrepreneurship. Along with this SBS also offers PGDM in Marketing as a separate program. Candidates seeking admission at SBS Gujarat must have valid national-based entrance exam scores such as CAT/ XAT/ ATMA/ MAT/ CMAT. The entrance exam score is taken before 12 months at the time of application. Further, the mode of application is online. Candidates seeking admission to the PGDM programme must be graduated with 50% aggregate  (45% in case of specific category).

The top recruiters of Vishwa Vishwani Institute of Systems and Management are mentioned below:

IIMS Pune offers a PGDM/MBA course with a double accreditation from the NAAC and NBA as its most popular course. The course qualifies as both a PGDM and MBA course according to the AIU. Other courses at the college include PGDM courses in Retail, BFSI and ABM with more specialisations under them.

Yes, IILM Academy of Higher Learning does offer several scholarships for its students. To avail of any of the offered schemes, students need to make sure they fulfil the eligiblity. The institute offers scholarship in below categories:

• Family Scholarship 
• Sports Scholarship
• Armed Forces Scholarship
• Merit Scholarship
• Work Experience
• Shri Kulwant Rai Special Scholarship
• Gender-Tuition Fee Waiver
• Domicile-Tuition Fee Waiver, etc.

Bandhan School of Business offers a PG Diploma programme in three specialisations, such as Business Management, Business Analytics, and Banking and Finance Management. Admission to these programme is based on the Bandhan Management Aptitude Test, followed by Group Discussion & Personal Interview.

Jagan Institute of Management Studies (JIMS) Rohini was established in 1993 and is ranked among the Top 100 B Schools in India by the National Institutional Ranking Framework (NIRF) 2024. The college has been accredited by NAAC with an ‘A’ Grade,  NBA, and AIU. South Asian Quality Standards (SAQS) has also accredited JIMS Rohini for excellence in imparting quality education. JIMS Rohini can be considered a good college as it offers various courses to students at reasonable fees, to enable students to acquire knowledge and skills in their preferred area of interest. Further, the college also offers an excellent infrastructure facilities to students.

ISBR College offers PG course to students. These courses are provided across the Management stream. At the PG level, the college offers an MBA course to students. The MBA programme is available in affiliation with the Bangalore University. MBA students are taught Economics for Managers, Organizational Behavior, Accounting for Managers,  and others.

Candidates are advised to have all the required documents during the admission process. While the particular list of documents is not present on the official website, candidates can consider the common documents required below:

• Class 10 and Class 12 mark sheets
• Entrance exam scorecard (MHT-CET or CUET)
• Aadhar card
• Passport-sized photographs
• Caste certificate
• Domicile certificate

Jaipuria Jaipur offers a two-year full-time AICTE-approved, NBA-accredited, and AIU-recognised PGDM programme and doctoral level fellowship programme in Management. The selection process for admission to the PGDM programme included scores in CAT/CMAT/MAT/XAT, group discussion, and personal interviews The fees of Post Graduate Diploma in Management (PGDM) is INR 12.75 lakh, the fees of PGDM in Service Management is INR 12.75 Lacs .

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.

BSS Foundation - School of Management flagship course is MBA. The course is offered in several specialisations, such as Human Resources, Finance, Marketing and others. Candidates need to fulfil the eligibility to be able to apply for the course. The criteria is that the candidate must have secured 50% marks (General), 45% marks (reserved category) aggregate at the Undergraduate level. Further, candidates are required to appear in accepted entrance exam for admisison. Additionally, the college offers three UG courses, such as BCom, BBA and BCA. Admission to these UG courses is based on last qualifying exam score i.e. pass Class 12 with 50% aggregate or Diploma in Computer/IT/ E&TC Engineering.

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.

Sri University is a good university. Sri University is approved by AICTE, COA, UGC, AIU and others. Sri University is accredited by NBA and with A Grade by NAAC. Sri University Bhubaneswar is approved by ICAR. Being a good university, the scholarships, infra, and placements are good.