It entirely depends on your interest in the course. If you have a certain career goal in mind and want to achieve it by going through BA Psychology, you should opt for it.

One of my friends studied at Nizam College. According to him, psychology was very popular here. They had students from all over the world. They had a diverse student crowd. According to academics, it is one of the best. 

Also, you should keep in mind that attending regular classes and paying attention to whatever is being taught there is crucial. This is because the more you familiarize yourself with the subject, understanding it becomes easier.

The fee structure depends on the combination of subjects you get with psychology, courses with lab practicals cost more than regular ones. Since it is a government institution, fees will be comparatively less. BA in Psychology may cost you INR 13,800 for 3 years.