Cancellation and Refund Policy

New Student Admissions Academic Fees Refund Policy

As per the UGC guidelines, a full refund of fees shall be made by the on account of all cancellations of admission/ migrations of students up to 30 September 2024 and with a deduction of not more than Rs. 1000/-, as a processing fee, up to 31 October 2024. For any admission schedule extending/ commencing beyond/ after 31 October 2024, the general Academic Fees Refund Policy shall be followed.

General Academic Fees Refund Policy

If the student chooses to withdraw from the program in which he/she is enrolled, the refund of the paid fees will be made as per the following UGC guidelines.

No

Percentage of Refund of Academic fees (excluding caution deposit)

Point of time when notice of withdrawal of admission is submitted to the University

1

100 % *

15 days or more BEFORE the formally- notified last date of admission

2

90 %

less than 15 days BEFORE the formally- notified last date of admission

3

80 %

15 days or less, AFTER the formally- notified last date of admission

4

50 %

30 days or less, but more than 15 days AFTER the formally- notified last date of admission

5

0 %

More than 30 days AFTER the formally- notified last date of admission

  1. * In case of (1) in the table above, the University shall deduct 5 % of the Academic fee or Rs. 5000/- (whichever is lower), as processing charges from the refundable amount.

  2. Any fee dues or fine amount will be deducted from the total refundable amount (including caution deposit) before fee refund is processed.

  3. Application and Entrance Test fees, wherever applicable, once remitted shall NOT be refunded under any circumstances.

  4. The refund information given above is indicative only and RKMVERI reserves the right to make changes as per the notifications received from the concerned statutory/regulatory authorities from time to time. Any changes in the above will be updated on the RKMVERI website.

Fee Refund Procedure

  1. Student needs to submit an Admission withdrawal letter to the concerned Head of the Department or the Dean of the Faculty-centre, and the same letter with HoD/Dean’s signature is to be submitted to the Registrar’s Office (for Belur students) or the Off-Campus Faculty-Centre office for processing the fees refund.

Hostel Fees Refund Policy

This Hostel fee refund policy applies only to the Belur Campus. For other campuses respective websites are to be consulted.

A. For Batches admitted in 2019-20 and earlier

1. If an admitted student submits his/her admission withdrawal application at least 7 days before the commencement of classes/Semester, then the eligible fee refund is:

  1. 100% of Hostel Caution deposit money after deduction of fine, etc., if any.
  2. 100% of Hostel Room accommodation charges.

2. If an admitted student submits his/her admission withdrawal application within 7 days before the commencement of classes/semester or after classes/semester commence, then the eligible fees refund is:

  1. 100% of Hostel Caution deposit money after deduction of fine, etc., if any.
  2. Hostel accommodation charges would be refunded for the number of Semester months pending except the month in progress, upto a maximum of five months.

B. For Batches admitted in 2020-21 and later

  1. If a hostel-inmate leaves the Hostel WITHIN one month of hostel admission applicable refund is: 50% of Hostel & Mess fee paid for the semester plus 100% of Caution deposit.
  2. If a hostel-inmate leaves the Hostel AFTER one month of hostel admission applicable refund is: 100% of Caution deposit.
  3. After taking hostel admission if a hostel-inmate leaves it anytime in the subsequent semesters (that is after admitting to hostel in 1st semester, if student leaves it in 2nd semester or 3rd semester, etc.), irrespective of whether that semester hostel fees is paid or not, the applicable refund is: 100% of Caution deposit.
  4. Any fine amount shall be deducted from the refundable amount.

Donations

Donations received either through online (NEFT bank transfer, online payment gateway, etc.) or through Cash/DD/Cheque are not Cancellable or Refundable except in special/genuine cases. However, donation could be changed from one cause (or purpose) to another upon receipt of application (or email) from the donor within 2 weeks from the date of donation.

April 25, 2019 | |