FinX in Mumbai, Maharashtra, offers a variety of scholarships to support students pursuing careers in Banking, Financial Services, and Insurance (BFSI) fields. These scholarships promote merit, need-based support, and fee waivers for deserving applicants. This page provides an overview of scholarship types, eligibility, application steps, required documentation, award details, and critical guidelines for current and prospective students.
FinX Scholarships Overview
FinX scholarships aim to improve higher education accessibility and encourage academic excellence among students in BFSI-related programs. The available awards typically include:
Merit-based waivers (for high achievers in board exams, CUET, or other entrance tests)
Need/EWS-based support (for students below specified family income thresholds)
Category-based awards (covering eligibility related to domicile, single girl child, sports performance, defense/paramilitary background, or alumni wards)
FinX Eligibility
Eligibility for FinX scholarships generally requires students to meet certain academic benchmarks (such as minimum board or entrance exam scores) or demonstrate financial need. Candidates for undergraduate courses typically need a minimum of 60% marks in 10+2 and a valid CUET score for admission consideration, which may also be used as scholarship criteria. Income-based scholarships may require proof of household income within published cut-offs. Sports, defense, or category scholarships often require official certificates at district, state, or equivalent levels.
FinX Required Documents
Applicants must submit appropriate documents to validate their eligibility for both admission and scholarship consideration at FinX. Typical required documents include:
10th and 12th marksheets
Valid CUET scorecard
Income certificate (if applying for need/EWS scholarships)
Category, sports, or defense certificates (where applicable)
Government-issued photo ID (Aadhaar Card or PAN Card)
FinX Application Process
Students typically apply for scholarships during the main admissions window, which usually runs from April to June each year. Applications can be completed via the institute’s online portal or by submitting hard copies at the administrative office, as specified in official notifications. Applicants must strictly adhere to all deadlines and ensure that all documents are accurate and up to date to be considered for awards. Incomplete or invalid documentation may result in disqualification from scholarship consideration.
FinX Scholarship Details
The following table summarizes verifiable scholarships and schemes administered or facilitated by FinX’s Mumbai campus. Final awards are determined after thorough verification and may depend on the number of eligible applicants and seat availability.
Scholarship Name | Eligibility Criteria | Benefit | Notes (if any) |
Mirae Asset Foundation–FinX 100% Scholarship | Top graduates from premier University of Mumbai colleges; selection via merit and assessment | 100% course fee waiver; industry-accredited Chartered Financial Specialist certification | Awarded to 300 scholars (latest known cohort); for BFSI sector employability |
FinX Merit-Based Admission Scholarship | 60% or above in 10+2 and qualifying CUET scores | Partial fee waiver (exact percentage NA; awarded to top rankers on entry) | Seat and scholarship allocation based on relative merit and program intake |
FinX Need/EWS Tuition Support | Family income below published threshold (income certificate required) | Partial tuition assistance (amount/range NA; awarded at admission discretion) | Renewal subject to verification each academic year |
FinX Additional Notes
All scholarships at FinX are subject to institutional verification and can be withdrawn if discrepancies are found during document checks. Renewals often require the student to maintain a minimum CGPA and regular attendance as prescribed by the institute. Most awards are non-stackable (i.e., cannot be combined with other fee waivers) except for small grants or book allowances. The number of scholarships per cohort may vary annually, and each offer is subject to specific caps—applicants are encouraged to consult the admissions office for the most up-to-date information and confirm deadlines for each scheme.