Whether the MBA Course (by Correspondence )offered by IBMS, Delhi is affiliated by AICTE, Delhi.? Whether the Course Fee can be paid in instalments, if yes then how many instalments it may be also what would be the instalment amount.?

You can go to the website of AICTE and get to know whether the correspondence program is recognized or not. As far as the course fee is concerned, you need to go to the website of the institute, get the contact numbers and talk to the person concerned.