CHM B.Com Banking And Insurance: Fees 2026, Course Duration, Dates, Eligibility

Thane, MaharashtraEstd 1965 Mumbai University, Mumbai NAAC Grade B++ 3.0
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Collegedunia Team

Content Curator | Updated 3+ months ago

Smt. Chandibai Himathmal Mansukhani College (CHM), Thane, offers a Bachelor of Commerce in Banking and Insurance (B.Com - BBI), a 3-year full-time undergraduate programme affiliated to the University of Mumbai. The BBI programme is a specialised commerce course focused on banking operations, insurance principles, financial markets, and risk management, preparing students for careers in the banking and insurance sectors. The total fee for the programme is approximately Rs. 49,199 over three years, with a seat intake of 60. Admission is merit-based on Class 12 percentage, and the programme is conducted in full-time on-campus mode. B.Com (Banking and Insurance) at CHM is popular among students aspiring to careers in public sector banks, private banks, insurance companies, and financial institutions.

Admission for the 2026-27 academic year followed a merit-based process with online form submission from May 8 to May 23, 2026, and lectures commencing from June 13, 2026. For the 2027-28 session, admissions are expected to follow a similar schedule, with notifications in May 2027. The current admission season for 2026-27 is closed; the 2027-28 admission cycle is expected to open in May 2027.

Key Points

  • B.Com (Banking and Insurance) at CHM is conducted under the University of Mumbai's NEP 2020 framework, with a semester-based evaluation system across 6 semesters over 3 years.
  • The BBI programme is specifically designed for students targeting careers in banking (IBPS, SBI, RBI) and insurance (LIC, GIC, private insurers), with a curriculum aligned to industry requirements.
  • CHM holds Autonomous status conferred by UGC and the University of Mumbai, allowing it to design its own curriculum and conduct internal examinations.
  • The programme has a limited intake of 60 seats, ensuring a focused learning environment.
  • The curriculum includes subjects like Principles of Banking, Insurance Principles and Practices, Financial Markets, Risk Management, Credit Management, and Banking Law and Operations.
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CHM B.Com BBI Fees

The B.Com (Banking and Insurance) programme at CHM College is a self-financing course with a total fee of approximately Rs. 49,199 over three years. The first-year fee is Rs. 18,663, which is competitive compared to similar specialised commerce programmes in the Thane district. The fee structure includes tuition and other academic charges as per University of Mumbai norms for self-financing courses.

Fee Structure

Fee ComponentAmount (Rs.)
First Year Fee18,663
Second Year Fee (approx.)15,268
Third Year Fee (approx.)15,268
Total Fee (3 years)49,199
  • The fee structure is as per University of Mumbai norms for self-financing courses and is subject to revision each academic year.
  • Application form fee of Rs. 100 is payable online at the time of form submission.
  • No hostel facility is specifically mentioned for B.Com students at CHM College.
  • Fee payment is accepted via online mode through the college's academic fee payment portal (chmbeta.acadmin.in).
  • Government scholarships (EBC, OBC, SC/ST freeship) are applicable for eligible students as per Maharashtra government norms.

CHM B.Com BBI Admission 2026

Admissions to the B.Com (Banking and Insurance) programme at CHM College are merit-based, with the Class 12 percentage being the primary selection criterion. The college follows the University of Mumbai's centralised admission schedule. Given the limited intake of 60 seats, competition for this specialised programme is higher than for the general B.Com. For 2027-28, admissions are expected to follow the same pattern as 2026-27, with the process beginning in May 2027.

CHM College B.Com (Banking and Insurance) Admission Dates

EventTentative Date
Online Admission Form Sale / SubmissionMay 8 - May 23, 2026
Pre-Admission Enrolment on MU WebsiteMay 8 - May 23, 2026
First Merit ListMay 27, 2026
Document Verification and Fee Payment (1st List)May 28 - May 30, 2026
Second Merit ListMay 31, 2026
Document Verification and Fee Payment (2nd List)June 2 - June 4, 2026
Third Merit ListJune 5, 2026
Document Verification and Fee Payment (3rd List)June 6 - June 10, 2026
Commencement of LecturesJune 13, 2026

The dates mentioned above are tentative and subject to change.

Eligibility Criteria:

  • Candidates must have passed the HSC (Class 12) or equivalent examination from a recognised board with a minimum of 45% marks in aggregate (40% for reserved category candidates).
  • Students from the Commerce stream are preferred; students from other streams are also eligible but may need to cover additional foundation topics.
  • Candidates from boards other than Maharashtra State must obtain a Prima Facie Eligibility Certificate from the University of Mumbai.

Admission Process:

  • Register on the University of Mumbai's pre-admission portal (muugadmission.samarth.edu.in) and select CHM as Autonomous college to obtain a Pre-Enrolment Application Number.
  • Visit the CHM College website (www.chmcollege.in) and fill the online admission form, paying the application fee of Rs. 100 online.
  • Wait for the merit list to be published on the college website.
  • Upon selection in the merit list, visit the college for document verification (3rd floor, Main Building) within the stipulated dates.
  • Complete fee payment online through the college portal after document verification is approved.
  • Admission is confirmed only after successful fee payment.

CHM B.Com BBI Scholarships 2026

CHM College offers access to a range of government and institutional scholarships for B.Com (Banking and Insurance) students. The college actively supports students from economically weaker sections and reserved categories in availing financial assistance. Both merit-based and need-based scholarships are available.

Scholarship Details

ScholarshipEligibilityAmountProvider
Government Freeship (SC/ST)SC/ST students, parental income up to Rs. 2,50,000Full fee waiverGovernment of Maharashtra (MahaDBT)
EBC ScholarshipEBC students, parental income up to Rs. 1,00,000Partial fee supportGovernment of Maharashtra
OBC Post-Matric ScholarshipOBC studentsAs per state normsGovernment of Maharashtra
University Financial Assistance (Backward Class)SC/ST/NT/DT/SBC students, parental income below Rs. 1,00,000From a pool of Rs. 10,00,000University of Mumbai
University Financial Assistance (Tribal Students, Thane District)Tribal students in Thane districtAs per scheme normsUniversity of Mumbai
Merit ScholarshipTop-performing studentsAs per college normsCHM College
  • SC/ST students must apply online at mahadbt.maharashtra.gov.in and submit hard copies to the college office.
  • Students must submit self-attested copies of caste certificate, marksheets of last 3 years, ration card, leaving certificate, and income certificate issued by Tahasildar.
  • Failure to submit scholarship forms on time will require students to pay full fees.
  • Application deadlines for government scholarships are typically in October-November each year; students should check the MahaDBT portal for current deadlines.

CHM B.Com BBI FAQs

Ques. What is the difference between B.Com (Banking and Insurance) and B.Com (General) at CHM College?

Ans. B.Com (Banking and Insurance) or BBI is a specialised programme focused on banking operations, insurance principles, financial markets, and risk management. Unlike the general B.Com, BBI prepares students specifically for careers in the banking and insurance sectors. The BBI programme has 60 seats and a higher fee (Rs. 49,199 total) compared to the aided B.Com General (Rs. 16,299 total). Students targeting IBPS, SBI, LIC, or private bank/insurance careers should opt for BBI.

Ques. Does B.Com (Banking and Insurance) from CHM College help in IBPS or SBI PO exam preparation?

Ans. Yes, the BBI curriculum at CHM College is closely aligned with the syllabus of banking recruitment exams like IBPS PO, SBI PO, RBI Grade B, and NABARD. Subjects like Principles of Banking, Credit Management, Banking Law and Operations, and Financial Markets directly correspond to topics covered in these competitive exams. Students pursuing BBI at CHM are well-positioned to prepare for banking sector recruitment alongside their degree.

Ques. What are the career options after B.Com (Banking and Insurance) from CHM College?

Ans. After completing BBI from CHM College, students can pursue careers in public sector banks (SBI, PNB, Bank of Baroda), private banks (HDFC, ICICI, Axis), insurance companies (LIC, GIC, HDFC Life, ICICI Prudential), NBFCs, and financial institutions. Higher education options include MBA (Finance/Banking), M.Com, PGDM, or professional certifications like JAIIB/CAIIB (for banking professionals) and IRDA-certified insurance courses.

Ques. What subjects are covered in B.Com (Banking and Insurance) at CHM College?

Ans. The BBI programme at CHM College covers subjects including Principles of Banking, Insurance Principles and Practices, Financial Markets and Institutions, Risk Management, Credit Management, Banking Law and Operations, Life Insurance, General Insurance, Reinsurance, Financial Accounting, Business Economics, and Business Law. The programme also includes practical components such as project work and case studies related to banking and insurance operations.

Ques. Is B.Com (Banking and Insurance) recognised for higher studies like MBA or M.Com?

Ans. Yes, B.Com (Banking and Insurance) from CHM College (University of Mumbai) is fully recognised for higher studies. BBI graduates are eligible to apply for MBA programmes (including IIMs via CAT, JBIMS via MAH-MBA CET), M.Com, MMS, and other PG management programmes. The specialised background in banking and insurance gives BBI graduates an advantage in MBA Finance and Banking specialisations.

Ques. How is the BBI programme at CHM College different from a regular banking course or diploma?

Ans. B.Com (Banking and Insurance) at CHM College is a full-fledged 3-year undergraduate degree programme affiliated to the University of Mumbai, unlike short-term banking diplomas or certificate courses. The BBI degree provides a comprehensive academic foundation in banking, insurance, and finance, along with the University of Mumbai degree credential, which is essential for government job eligibility and higher education. It is significantly more valuable than a diploma or certificate course for long-term career prospects.

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