Content Curator | Updated on - Mar 30, 2026

The MD (Psychiatry) is a 3-year postgraduate medical degree program that provides comprehensive training in the diagnosis, treatment, and management of mental health disorders, including mood disorders, psychotic disorders, substance use disorders, and neuropsychiatric conditions. At Index Medical College Hospital & Research Centre (IMCHRC), Indore, the program is offered under the clinical department with an approved intake of 5 seats per year. The course is affiliated with Malwanchal University, Indore, and is recognized by the National Medical Commission (NMC). The annual tuition fee is Rs. 19,12,000, making the total tuition for 3 years Rs. 57,36,000. Admission is based on NEET PG scores, followed by Madhya Pradesh state-level counselling conducted by the Directorate of Medical Education (DME), MP. MD Psychiatry is a rapidly growing specialty in India, driven by increasing awareness of mental health issues and a significant shortage of qualified psychiatrists, making it a highly rewarding career choice.

Admissions for the 2026 batch are upcoming, with NEET PG 2026 registration tentatively scheduled to begin in April 2026. The MP DME PG counselling for the 2025 batch has been completed (reporting at colleges was held in December 2025). For the 2026 batch, counselling is expected to commence after NEET PG 2026 results, tentatively around August-September 2026.

Key Points

5 NMC-recognized seats available for MD Psychiatry at IMCHRC Indore, with no NRI quota seats.
Students receive a monthly stipend: Rs. 69,115 in Year 1, Rs. 71,241 in Year 2, and Rs. 73,368 in Year 3.
The Department of Psychiatry at IMCHRC is supported by the 1200-bed Index Hospital, offering exposure to a wide range of psychiatric conditions including inpatient, outpatient, and emergency psychiatric care.
MD Psychiatry is a clinical specialty with strong career prospects given India's growing mental health awareness and the acute shortage of psychiatrists across the country.
A bond of 1 year of rural service is applicable post-completion; failure to serve attracts a penalty of Rs. 10,00,000, and seat-leaving penalty is Rs. 30,00,000.

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Highlights
Fees
Admission
Scholarships
Cutoff
Ranking
FAQs

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IMCHRC MD Psychiatry Fees

MD Psychiatry at IMCHRC Indore is a clinical specialty and carries the standard clinical department fee structure. The annual tuition fee is Rs. 19,12,000, and the total tuition fee for the 3-year program amounts to Rs. 57,36,000. A one-time refundable caution deposit of Rs. 25,000 is applicable at the time of admission. Hostel accommodation (including food) is available at Rs. 2,25,000 per year, which is optional. Students also receive a monthly stipend which partially offsets the cost of living.

Fee Components

Fee Component	Amount (Per Year)	Total (3 Years)
Tuition Fee	Rs. 19,12,000	Rs. 57,36,000
Caution Money (Refundable, One-Time)	Rs. 25,000	Rs. 25,000
Total Fees (excluding hostel)	-	Rs. 57,61,000

Hostel Fees

Hostel Fees (Optional)	Amount (Per Year)
Hostel Fee (including food)	Rs. 2,25,000

Stipend

Stipend	Amount (Per Month)
Year 1 Stipend	Rs. 69,115
Year 2 Stipend	Rs. 71,241
Year 3 Stipend	Rs. 73,368

Caution Money of Rs. 25,000 is refundable at the time of leaving the college.
Hostel fees are subject to annual revision.
The fee structure is as per the 2021-22 admitted session and may be revised by the competent authority.
A bond of 1 year of rural/government service is applicable post-completion; non-compliance attracts a penalty of Rs. 10,00,000.
Seat-leaving penalty is Rs. 30,00,000.
No NRI quota seats are available for MD Psychiatry at this college.
Fee is payable on an annual basis.

IMCHRC MD Psychiatry Admission 2026

MD Psychiatry admissions at IMCHRC Indore are conducted through the Madhya Pradesh state-level NEET PG counselling process managed by the Directorate of Medical Education (DME), MP. Candidates must qualify NEET PG and register for MP DME counselling to be considered for the 5 available seats. The 2025 batch counselling has been completed, and the 2026 batch admissions will follow NEET PG 2026 results. Based on historical data, the opening cutoff rank for MD Psychiatry at IMCHRC was around 42,848 in 2024 and 40,016 in 2023, indicating moderate competition for this specialty.

College Admission Dates

Event	Date
Round 1 Registration Opens	October 24, 2026
Round 1 Last Date to Register	November 5, 2026
Extended Registration	December 2-3, 2026
Seat List Publication	December 4, 2026
Choice Filling and Locking	December 4-5, 2026
Round 1 Seat Allotment Result	December 7, 2026
Reporting to Allotted College	December 8-12, 2026
Round 2 Registration	December 15-17, 2026
Round 2 Choice Filling and Locking	December 21-22, 2026
Round 2 Seat Allotment	December 24, 2026
Reporting to Allotted College (Round 2)	December 26-30, 2026

Entrance Exam Dates

Event	Tentative Date
NEET PG 2026 Registration Starts	April 7, 2026
NEET PG 2026 Registration Ends	May 7, 2026
NEET PG 2026 Admit Card Release	June 11, 2026
NEET PG 2026 Exam Date	June 15, 2026
NEET PG 2026 Result	July 15, 2026

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Candidates must hold an MBBS degree from an NMC-recognized medical college with a minimum of 50% marks.
Completion of a compulsory one-year rotating internship by March 31 of the admission year is mandatory.
Candidates must have a valid NEET PG score and be registered with the Medical Council of India (MCI) or State Medical Council.

Admission Process

Qualify NEET PG 2026 conducted by the National Board of Examinations (NBE).
Register online for MP NEET PG Counselling at dme.mponline.gov.in within the stipulated dates.
Pay the counselling registration fee (Rs. 500 + portal charges).
Fill and lock college and course preferences during the choice-filling window.
Seat allotment is done based on NEET PG rank, reservation category, and choices submitted.
Report to the allotted college (IMCHRC, Indore) with original documents within the reporting dates.
Complete document verification and pay the admission fee to confirm the seat.

IMCHRC MD Psychiatry Scholarships 2026

Students admitted to MD Psychiatry at IMCHRC Indore (affiliated with Malwanchal University) can avail of various government scholarships offered by the Government of India and the Government of Madhya Pradesh. These scholarships are primarily targeted at SC/ST/OBC and economically weaker students, and can significantly offset the tuition and hostel costs. Eligible students are encouraged to apply through the official MP scholarship portal and the National Scholarship Portal within the prescribed deadlines.

Scholarship Details

Scholarship Name	Eligibility	Amount/Benefit	Portal
Post Matric Scholarship (SC/ST/OBC)	SC/ST/OBC students enrolled in PG medical programs	Tuition fee reimbursement + maintenance allowance	scholarshipportal.mp.nic.in
Mukhyamantri Medhavi Vidyarthi Yojana (MMVY)	MP domicile students with 70%+ in Class 12 (MP Board) or 85%+ (CBSE/ICSE)	Tuition fee reimbursement	scholarshipportal.mp.nic.in
National Scholarship for Minorities	Minority community students (Muslim, Christian, Sikh, Buddhist, Jain, Parsi)	Up to Rs. 20,000 per year	scholarships.gov.in
Mukhyamantri Jankalyan Shiksha Protsahan Yojana (MJSPY)	Children of unorganized sector workers registered under MPSSBY	Full tuition fee reimbursement	scholarshipportal.mp.nic.in

Scholarship applications must be submitted within the academic year deadlines as notified on the respective portals.
Students must maintain satisfactory academic performance and attendance to continue receiving scholarships.
Scholarship amounts and eligibility criteria are subject to revision by the respective government authorities.
Students are advised to apply early as portals typically close by November-December each year.

Index Medical College Hospital & Research Centre Indore M.D Psychiatry Ranking

Collegedunia Ranking

#473 out of 632 in India 2025

#20th in Madhya Pradesh

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IMCHRC MD Psychiatry FAQs

Ques. What is the scope of MD Psychiatry in India?

Ans. MD Psychiatry has excellent career prospects in India, given the massive treatment gap in mental healthcare. India has fewer than 1 psychiatrist per 1,00,000 population, creating enormous demand for qualified professionals. Graduates can work in government hospitals, private psychiatric hospitals, de-addiction centres, corporate wellness programs, and private practice. They can also pursue subspecialties like child and adolescent psychiatry, geriatric psychiatry, forensic psychiatry, and addiction medicine. Starting salaries in government hospitals range from Rs. 80,000 to Rs. 1,50,000 per month, while private practice can be significantly more lucrative.

Ques. What is the NEET PG cutoff rank for MD Psychiatry at Index Medical College, Indore?

Ans. Based on 2024 MP DME counselling data, the opening cutoff rank for MD Psychiatry at IMCHRC Indore in Round 1 was approximately 42,848 (2024) and 40,016 (2023). Candidates with a NEET PG rank in the range of 35,000-50,000 have a reasonable chance of securing a seat, though the exact cutoff varies each year.

Ques. Is there a stipend for MD Psychiatry students at Index Medical College?

Ans. Yes, MD Psychiatry students at IMCHRC Indore receive a monthly stipend. The stipend is Rs. 69,115 in the 1st year, Rs. 71,241 in the 2nd year, and Rs. 73,368 in the 3rd year. This stipend helps offset living and hostel expenses during the course.

Ques. What clinical facilities are available for MD Psychiatry training at IMCHRC?

Ans. The Department of Psychiatry at IMCHRC is supported by the attached 1200-bed Index Hospital, which has a dedicated psychiatry ward with inpatient and outpatient services. Students get exposure to a wide range of psychiatric conditions including schizophrenia, bipolar disorder, depression, anxiety disorders, substance use disorders, and neuropsychiatric conditions. The department also conducts psychotherapy sessions, ECT (Electroconvulsive Therapy), and de-addiction services.

Ques. What is the bond obligation after completing MD Psychiatry at IMCHRC Indore?

Ans. After completing MD Psychiatry, students are required to serve for 1 year in a rural or government setup as per the bond conditions. If a student fails to fulfill this obligation, a penalty of Rs. 10,00,000 is applicable. Additionally, if a student leaves the seat mid-course, a seat-leaving penalty of Rs. 30,00,000 is charged.

Ques. Is MD Psychiatry a good option for MBBS graduates who are interested in mental health but unsure about the specialty?

Ans. Yes, MD Psychiatry is an excellent choice for MBBS graduates who are empathetic, interested in human behaviour, and want to make a meaningful impact on patients' lives. Unlike many surgical specialties, psychiatry involves deep patient relationships and long-term management. The specialty is also increasingly relevant in corporate and community health settings. With growing mental health awareness in India post-COVID, the demand for psychiatrists has surged, making it a future-proof career choice with both social impact and financial rewards.