The fees to be collected as contribution from the members and associates at the time of admission and on renewal every year as prescribed herein below.


Membership Category
(Asset Under Management (AUMs)
applicable for category)
Fees in Rs.
Entrance Fees Annual Fees Total CGST
9%
SGST
@ 9%
Total Fees
Trustee Member (AUMs – Rs 1000 crores and above)
5,00,000
1,500
5,01,500
45,135
45,135
5,91,770
Patron Member (AUMs – Rs 500 crores and above but less than Rs 1000 crores)
3,00,000
1,500
3,01,500
27,135
27,135
3,55,770
Founder Member (AUMs – Rs 100 crores and more but less than Rs 500 crores)
1,00,000
1,500
1,01,500
9,135
9,135
1,19,770
Life Member (AUMs – Rs 50 crores and more but less than Rs 100 crores)
50,000
1,500
51,500
4,635
4,635
60,770
General Member (AUMs – Less than Rs 50 crores)
2,500
1,500
4,000
360
360
4,720
Authorized Representative
-
1,500
1,500
135
135
1,770
Associate – Individual
2,500
1,500
4,000
360
360
4,720
Associate – Non Individual
1,00,000
1,500
1,01,500
9,135
9,135
1,19,770
Association / Society / Body of Individuals
1,00,000
1,500 Per Member of the Association who is not a direct member of the Foundation
*
*
*
*

*Total fees will be ascertained depending upon the number of members of association/society/body of individuals.

( Note : If member is Outside Maharashtra instead of CGST/SGST, IGST @ 18% will be applicable. )

( Note : New members enrolling on or after the 1st of October of the relevant year shall be liable to pay half of the annual fees for that year. The entrance fees will remain the same. )


(EFFECTIVE FROM FINANCIAL YEAR 2019-2020)

Membership Category Fees in Rs.
Annual Fees CGST
9%
SGST
@ 9%
Total Fees
Trustee Member
1,500
135
135
1,770
Patron Member
1,500
135
135
1,770
Founder Member
1,500
135
135
1,770
Life Member
1,500
135
135
1,770
General Member
1,500
135
135
1,770
Authorized Representative (Vide article no. 21)
1,500
135
135
1,770
Associate – Individual (Vide article no. 22)
1,500
135
135
1,770
Associate – Non Individual (Vide article no. 22)
1,500
135
135
1,770
Association / Society / Body of Individuals
1,500 Per Member
*
*
*

** Total fees will be ascertained depending upon the number of members of association/society/body of individuals

( Note : If member is Outside Maharashtra instead of CGST/SGST, IGST @ 18% will be applicable. )

Membership fees / Annual Fees can be paid online through "Join/Renew Memberships" or in the alternative by NEFT/RTGS to the bank account with Axis Bank – details of bank account given in the website

Payments made through Cheques/DD should be drawn in favour of "Foundation of Independent Financial Advisors"
payable at Mumbai.


Bank Account details of FIFA

M/s. Foundation of Independent Financial Advisors in Axis Bank Ltd.
Account No.:
912010011183458

For Further Inward Remittance the following details are given below :
MICR Code: 400211059
RTGS Code: UTIB0000695
IFSC: UTIB0000695
Axis Bank Ltd (Churchgate Branch)
12 Moti Mahal, Next to CCI Club, Mumbai.