Hello Chaitanya ,

Yes , you need to pay the fees to confirm your seat in the IIM . The stipend is when you get hired for the summer internship programme. It  depends upon the company that hires you and your rank.

Hope this helps.

Regards

Tanushree Seth

Hi  Chaitanya,

Even though you have cracked the entrance test, paying the fees is must. There are scholarships available for meritorous student. Follow the link given below to see the fee structure in IIM:

* https://bschool.careers360.com/articles/iim-fee-structure-and-seats

Thank you and best of luck.