Is admission money refundable?
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Is admission money refundable?
In a letter to the Vice Chancellors of all universities and Principals of all colleges, the UGC has said, “In view of the financial hardships being faced by parents due to lockdowns and related factors, a full refund of fees should be made on account of all cancellations of admissions/ migrations of students up to …
What is a caution fee?
The caution fee, according to real estate law, is an amount of money that you have to pay while renting a property. The caution fee is a percentage of your annual rent and will not be returned to you if you damage something or owe money at the end of your lease.
How do you write a refund for money?
Refund Request Letter—Why Is It Important?
- Ask for a refund in a polite and formal language.
- Include details about the product—what was purchased, when, and what the price was.
- Explain why you want to return the item.
- Mention relevant aspects of the transaction such as dates and place of delivery.
What is refund of caution money in school?
The caution money is collected ostensibly as a security for the tuition fee of a year. If a students fails to deposit his tuition fee, the same can be adjusted against the caution money. However, this is to be refunded, once the student leaves the school.
What is caution fee?
How to apply for refund of fees in AICTE?
Refund can be applied by the candidates who have confirmed their admission by paying the prescribed tuition fee and other fees in full as demanded by the institute and by submitting the original documents, as desired by the institute. AICTE has further tightened its fee refund rules for the MBA/PGDM B-schools for refund of fee.
What is the AICTE fee refund policy for MBA/PGDM colleges?
AICTE fee refund policy now strictly directs the MBA/PGDM colleges as under: In case of applications submitted by admitted students for withdrawal and refund of fee, MBA/ PGDM Institutions shall allow it. The last date to submit application is September 13, 2021. In case the date is extended further, it will be announced in time.
Will the caution money be returned after completion of the course?
If we refer any rule then it will say that after completion of the course, the caution money will be returned. However, practically most of the colleges/universities do not show any enthusiasm in returning the caution money promptly.
Is the caution money refundable after deduction of dues?
The caution money and security deposit are refundable after deduction of dues, if any, only after the student finally leaves the College on completion of the course. Each student, studying in the final year of his/her course, is required to fill up clearance form (No Dues Form) and submit the same to the Accounts Office, before leaving the College.