Indira School of Business Studies

As per AICTE Guidelines (Reference: AICTE Guidelines No. – AICTE/Legal/04(01)/2007) Process of refund of tuition, development, and other fees after cancellation of admission secured through CAP rounds, Institute level round(s) and vacancy round(s) of admission: The candidate, who has been provisionally admitted, may cancel admission by submitting an application for cancellation in duplicate, in the prescribed format and may request for refund of fee. The refund of fee as applicable shall be made in due course. It is made clear that such an application for cancellation will be considered if and only if the admission is confirmed by paying the prescribed tuition fee and other fees in full and by submitting the original documents. Refund shall be made after deduction of the cancellation charges as shown:

Situation	Refund
On request received before the date of start of the academic session & seat could be filled by the Institute before the cut-off date	Entire fee less by Rs. 1000/-*
On request received on/after the beginning of the academic session & seat could be filled by the Institute before the cut-off date	The entire fee less the Seat Cancellation Charges on a pro-rata basis**
On request received before/after the start of the academic session & seat could not be filled by the Institute	No refund

*Entire fee less by Rs 1000/-*

**For calculation of the Cancellation Charges on a pro-rata basis, one month shall be treated as one-unit e. g. If the candidate cancels admission on the third day i.e., within one month after the start of the academic session & the seat is filled before the cut-off date, Cancellation charges on a pro-rata basis will be the higher amount of (Entire fee) / 12 or Rs.1000/-