Hi Medhu!

Yes, even if you pass the required exams, IIMs do charge fees in lakhs. You can know more about the fee structure of different IIMs here: https://www.google.com/amp/s/bschool.careers360.com/articles/iim-fee-structure-and-seats/amp

IIMs are the premium B schools of India and getting an admission into one of them almost instantly offers a job guarantee. This may be the reason for the high fees.

Good luck!