Faculty of Management Studies (FMS), University of Delhi is one of the best B-schools in India with lowest fee, which is Rs. 20,000. Apart from that, some other B-school with low fees are DoMS, IIT Madras - Rs. 6 lakh, SJMSoM, IIT Bombay - Rs. 2.25 lakh, DoMS IIT Roorkee - Rs 4.18 lakh, DMS IIT Delhi - Rs 4.39 lakh, VGSoM, IIT Kharagpur Rs 6.72 lakh, NITIE Mumbai - Rs 8.10 lakh per annum. To know more, read the following article -

www.bschool.careers360.com/articles/mba-fee-know-how-much-your-mba-will-cost-in-top-b-schools

Some of the MBA colleges with less fees are(Total for 2 years):

FMS- Less than 1 lakh including the hostel.
JBIMS- 3 Lakhs p.a for General Students
TISS Mumbai-  Approx 2 lakhs.
FMS Bhu- Approx 2 Lakhs

These are all renowned colleges for MBA studies. Though the cutoff goes good.
Aim above 98-99 percentile to get into the above accordingly through various management exams like CAT, XAT, CMAT, MAT etc..

Good Luck!

You can consider below names -

1. Faculty of Management Studies (FMS) -
Rs. 10,480 /- per year for full time MBA

2. Department of Management Studies (DMS), IIT Roorkee
Rs. 2,00,000/- per semester for General.

3. Department of Management Sciences, Pune University (PUMBA)
Rs. 66,194/- for General (MH candidate) 1st year.

4. Jamnalal Bajaj Institute of Management Studies (JBIMS)
Rs. 3,00,000/- p.a

Hope this helps!!!

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