Mithibai College of Arts B.Com Banking And Insurance: Fees 2026, Course Duration, Dates, Eligibility

Vile Parle West, MumbaiEstd 1961 Mumbai University, Mumbai NAAC Grade A++ 3.5
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Collegedunia Team

Content Curator | Updated on - Jul 27, 2026

Mithibai College of Arts, Mumbai, offers a 3-year B.Com Banking and Insurance programme under the University of Mumbai, with a total course fee of INR 1,77,000. The college holds NAAC A++ accreditation with a CGPA of 3.55. Admission is merit-based on Class 12 marks with a minimum aggregate of 60% and no entrance exam is required. The programme prepares students for careers in banking, insurance, and financial services.

📋 Admission Status: Applications closed. Class Commencement begins August 2026 (Tentative).


Mithibai College B.Com Banking and Insurance Fees 2026

ComponentAmount (INR)
Annual FeeINR 59,000
Total Fees (3 Years)INR 1,77,000
  • The annual fee of INR 59,000 is payable at the start of each academic year.
  • An application fee of INR 500 is payable at the time of form submission.
  • Students eligible for government freeships or scholarships may receive concessions on the fee.

Mithibai College B.Com Banking and Insurance Admission 2026

EventDate
Application Portal OpenedApril 13, 2026
Last Date to Apply (Outsiders)June 23, 2026
Document VerificationJuly 3, 2026
Class CommencementAugust 2026 (Tentative)
  • 50% of all seats are reserved for Gujarati linguistic minority students with Maharashtra domicile.
  • Students from non-Maharashtra boards are subject to an additional surcharge of INR 720.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

  • Passed Class 12 (10+2) from a recognised board with a minimum aggregate of 60%
  • Commerce stream students are the primary applicants and students from other streams may apply subject to the college’s current guidelines
  • Students appearing in Class 12 exams may apply provisionally, pending final marksheet submission at admission

Admission Process

  • Register on the Mithibai College admission portal at mithibai.ac.in and pay the application fee of INR 500
  • Submit Class 12 details and upload all required documents through the online form
  • Merit list published on the official website based on Class 12 aggregate marks
  • Shortlisted candidates report for document verification within the notified window
  • Pay the first-year fee to confirm the allotted seat before the deadline

✓ Opt for this if

  • Aiming for a banking, insurance, or financial services career in Mumbai
  • Looking for a specialised commerce degree from a NAAC A++ autonomous college
  • From a Gujarati linguistic minority background with Maharashtra domicile
  • Planning to appear for JAIIB, IRDA, or banking sector exams after graduation

✗ Skip if

  • Class 12 aggregate is below 60% as the minimum eligibility requirement applies
  • Looking for a general B.Com with broader flexibility in subject choice
  • Prefer a management programme like BMS with dedicated placements and wider industry exposure

Mithibai College B.Com Banking and Insurance Scholarships 2026

ScholarshipAmountEligibility
Government Open Merit ScholarshipAs per government notificationClass 12 aggregate 60% and above
EBC FreeshipFull tuition waiverFamily annual income below INR 1,00,000
SC/ST/OBC/VJNT Government FreeshipFull tuition waiverReserved category certificate holders
Minority Community ScholarshipAs per government notificationLinguistic or religious minority community students
  • Application deadline for most Maharashtra government schemes is August 31 of the academic year.
  • A student may hold only one scholarship or freeship at a time as per Maharashtra government norms.
  • Applications are submitted through the Maharashtra State Scholarship Portal.
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Mithibai College of Arts Latest Updates and News

02 May, 2026 Mithibai College of Arts B.Com Banking And Insurance Fee Structure 2026-27 has been released. The total academic fee is ₹ 2.54 Lakhs.

Mithibai College B.Com Banking and Insurance FAQs

Ques. Does Mithibai College accept CUET for B.Com Banking and Insurance?

Ans. No. Mithibai College does not accept CUET scores for B.Com Banking and Insurance. Admission is merit-based on Class 12 aggregate marks. Candidates are shortlisted in order of their Class 12 score, with separate merit lists for Gujarati linguistic minority and open category students. A minimum of 60% in Class 12 is required to be eligible for this programme.

Ques. What is the total fee for B.Com Banking and Insurance at Mithibai?

Ans. The total fee for the 3-year B.Com Banking and Insurance programme at Mithibai College is INR 1,77,000, payable at an annual rate of INR 59,000. An application fee of INR 500 is charged at the time of form submission. Students who qualify for government freeships or merit scholarships may receive partial or full concessions on the annual fee.

Ques. What is the eligibility for B.Com Banking and Insurance at Mithibai?

Ans. Candidates must have passed Class 12 from a recognised board with a minimum aggregate of 60%. Commerce stream applicants are the primary intake, though the college may consider students from other streams subject to its current admission guidelines. Students appearing in Class 12 exams may apply provisionally with admission confirmed on submission of the final marksheet and passing certificate.

Ques. Is there a Gujarati minority quota for this programme at Mithibai?

Ans. Yes. 50% of all seats in every programme at Mithibai College, including B.Com Banking and Insurance, are reserved for Gujarati linguistic minority students. Applicants must have Gujarati as their mother tongue and hold valid Maharashtra domicile. The remaining seats are filled through the open merit category based on Class 12 aggregate marks.

Ques. What are the career prospects after B.Com Banking and Insurance from Mithibai?

Ans. Graduates of B.Com Banking and Insurance are equipped for entry-level roles in commercial banks, insurance companies, NBFCs, and financial advisory firms. Common job profiles include banking associate, claims analyst, underwriter, and relationship manager. Many graduates pursue professional certifications such as JAIIB or IRDA licensing exams, or opt for postgraduate degrees in finance and management to advance further.

Ques. How is B.Com Banking and Insurance different from general B.Com at Mithibai?

Ans. B.Com Banking and Insurance is a specialised programme focused on banking operations, insurance principles, financial markets, and risk management. The general B.Com at Mithibai covers a broader range of commerce subjects without the sector-specific focus. Students aiming for specific careers in banking or insurance benefit more from the specialised programme, while those seeking flexibility in career options may prefer the general B.Com.

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