Bajaj Finserv Scholarship 2026-27: A first-year engineering seat at a top NIRF institute is expensive, and most families fund it through savings or a loan. Bajaj Finserv is offering an alternative for one specific group of students: those starting a technology degree this year. Its scholarship for FY 2026-27 pays INR 2 lakh annually to undergraduate engineering students and INR 1.5 lakh annually to postgraduate students, and the money continues every year until the degree is finished rather than stopping after twelve months.
The window closes on 5 October 2026. Everything happens online through Buddy4Study, and there is no test to clear at any stage.
What the Bajaj Finserv Scholarship Actually Pays
The award is tied to the level of the programme, not to the college you attend.
| If you are studying | You receive | Over the full course |
|---|---|---|
| B.E. or B.Tech (4 years) | INR 2,00,000 a year | Up to INR 8,00,000 |
| M.E. or M.Tech (2 years) | INR 1,50,000 a year | Up to INR 3,00,000 |
Two details matter for postgraduate applicants. If you hold a valid GATE score and draw the AICTE Post Graduate Scholarship, that stipend is unaffected and continues under AICTE’s own rules. And for M.Tech students admitted through the regular route, the INR 1.5 lakh sits on top of the GATE stipend rather than replacing it. The final amount sanctioned and the category your institute falls into are worked out from the approved fee structure and the institute’s classification.
Bajaj Finserv Scholarship Eligibility: Six Conditions You Must Clear
Every one of the following applies. Missing even one rules out the application.
1. You must be a first-year student. Second-year and later students are outside the scope, regardless of marks.
2. Your programme must be full-time. Either a four-year undergraduate degree or a two-year postgraduate degree. Part-time, distance and diploma programmes do not count.
3. Your branch must be one of five. Computer Science, Information Technology, Artificial Intelligence or Machine Learning, Data Science, or Statistics. Other engineering branches are not covered this cycle.
4. You need 75% in both board exams. Class 10 and Class 12, marks or the CGPA equivalent. A strong Class 12 score does not compensate for a weaker Class 10 result; both have to clear the line independently.
5. Household income cannot cross INR 15 lakh a year. This is total parental income from every source, not just salary.
6. Your college must be on the approved list. Only selected institutions with strong NIRF rankings are covered, and applicants from the top 10 NIRF-ranked colleges are looked at first. Check the published college list before spending time on the form.
One disqualification worth flagging: if either of your parents works at Bajaj Finserv or Buddy4Study, you cannot apply.
The Rule About Other Scholarships
At the time you apply, you should not be drawing any other scholarship — government or private — for the same course. There is a single carve-out, and it is for M.Tech students who receive a government stipend. Undergraduate applicants get no such exemption, so a state merit scholarship or a private grant already in hand will block the application.
Who Gets Looked at First
Clearing the criteria puts you in the pool; it does not select you. The programme has stated where its preference lies:
- Students with disabilities who have a strong academic record
- Students raised in single-parent households, where the second parent has died or the parents are divorced
- Orphaned students
- Anyone applying from an institution placed in the top 10 of the NIRF Report 2025
If you belong to any of these groups, the supporting certificate has to be uploaded with the form. A claim without proof will not be counted.
Bajaj Finserv Scholarship Documents to Arrange Before You Start
Scanning these in advance is the difference between a fifteen-minute application and a week of chasing offices.
Identity and basics
- Passport-size photograph, recently taken
- Government ID or a masked Aadhaar copy
- Bank passbook copy or a cancelled cheque — it has to be an account in your own name, not a parent’s
Proof you are enrolled
- Current-year college ID card, or a bonafide certificate from the institute
- Your most recent fee receipt
Academic record
- Class 10 marksheet
- Class 12 marksheet
- Degree certificate and final marksheet, if you are applying as a postgraduate
Declarations and income
- A signed self-declaration stating you have faced no disciplinary action
- Parental income certificate or ITR, issued by a competent authority
If claiming preference
- Disability certificate, parent’s death certificate, divorce decree, orphan certificate — whichever applies
Applying Through Buddy4Study: The Steps
- Open the scholarship page and press Apply Now.
- Sign in to Buddy4Study. If you have never used the platform, create an account with your email, mobile number or Google login.
- You will land on the application page for the Bajaj Finserv Scholarship Program FY 2026-27.
- Press Start Application.
- Work through the form fields.
- Attach every document from the checklist above.
- Tick the terms and conditions, then open Preview.
- Read the preview line by line. Once you press Submit, corrections are not straightforward.
How Selection Works
There is no written test, no aptitude round and no entrance paper. Applications are filtered against the eligibility rules first, then assessed on academic record, family income, the institute you attend and any preference category you have claimed. Shortlisted applicants go through document verification, and the evaluation committee issues the final decision.
In short: apply → screening → assessment → verification → disbursal.
Keeping the Bajaj Finserv Scholarship for Year Two and Beyond
This is where the programme is stricter than most. The award renews annually, and renewal is earned rather than automatic.
| What you must do | The standard |
|---|---|
| Stay enrolled | No dropping out, no breaks in the course |
| Keep your marks up | At least 60%, or the grade equivalent under your college’s system |
| File your paperwork | Bonafide certificate, marksheets and fee receipts, submitted on time |
| Stay out of trouble | No disciplinary record; a self-declaration is required |
| Avoid overlapping aid | No other scholarship or similar financial support running in parallel |
| Account for the money | A fund utilisation report backed by supporting documents |
| Report your progress | Regular academic updates with documents |
| Write a periodic report | 300-400 words, monthly or quarterly |
That last requirement is more substantial than it sounds. The report is expected to cover your academic progress, skills you have picked up, co-curricular and extracurricular participation, any club or committee role you hold, achievements, events you were part of, volunteering and seva hours, initiatives you started, professional development work, the difficulties you ran into, and what you took away from the period.
Unusual cases are handled individually — the evaluation committee can approve a renewal outside the standard rules if the circumstances justify it.
Is It Worth Applying?
Weighed against most private scholarships in India, the case is strong. The money runs for the whole degree instead of a single year. No exam stands between the application and the award. The INR 15 lakh income ceiling is high enough that a good number of salaried middle-class households qualify. And the GATE-stipend exemption means postgraduate students are not forced to choose between two sources of support.
The narrow parts are the branch list and the college list. If you are in mechanical or civil, or your institute is not on the approved list, this particular scholarship is not open to you this cycle.
Frequently Asked Questions
When does the Bajaj Finserv Scholarship application close? 5 October 2026.
How much money does the Bajaj Finserv Scholarship provide? INR 2,00,000 a year for B.E./B.Tech students and INR 1,50,000 a year for M.E./M.Tech students, paid for the length of the course.
What marks do I need? 75% or the CGPA equivalent in Class 10 and again in Class 12.
Which branches qualify? Computer Science, Information Technology, AI/ML, Data Science and Statistics, at both undergraduate and postgraduate level.
Can second-year students apply? No. Only students in the first year of their programme are eligible.
Is my college covered? Only selected institutions with high NIRF rankings are, and the top 10 NIRF colleges are prioritised. The official college list is the authority on this.
What is the family income limit? INR 15 lakh a year, counting all parental income sources.
I get a state government Bajaj Finserv Scholarship. Can I still apply? Not for an undergraduate course. The only exception is M.Tech students drawing a government stipend.
Does the scholarship renew automatically? No. You have to maintain 60% marks, stay enrolled, submit fee receipts and enrolment proof, avoid parallel funding, and file progress and fund utilisation reports.
Is there a fee to apply for Bajaj Finserv Scholarship ? No application fee has been specified for this scholarship.