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Withdrawal and Refund Policy 2020 - General / NRI Category

Withdrawal and Refund Policy 2020

General / NRI Category

(For students from India / Indian origin / Nepal / Bhutan only)

If a 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

Refund of Fees in case of Withdrawal of Admission

Admission withdrawal and fee refund claim shall be admitted only on receipt of the duly signed “Admission Withdrawal and Fee Refund Form” and after due consideration of the request by the Institute. If approved, the amount to be refunded shall be as per the following guidelines.

Sl.

% of Refund of Fees

Point of Time when  notice of withdrawal of admission is served to the Institute

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%

More than 15 days but less than 30 days after formally notified  last date of admission

5

0%

More than 30 days after formally notified last date of admission**

* In case of (1) in the table above, 5% of the total fees including the Annual fee and Value Added Costs, shall be deducted as processing charges from the refundable amount, subject to a maximum amount of Rs.5,000 (Rupees Five Thousand)

** Formally Notified last date of admission is the day prior to the class commencement date. Click here for the 2020 class commencement dates.

Note

  • For purposes of calculation of refund of fees, the amount will be the sum of the Registration Fee, the Annual Fee & value added cost minus the Security Deposit. Fees collected for consumables, software, insurance etc shall be refunded in full when the withdrawal date is before the formally notified last date of admission. Please note that Software, consumables, Insurance fees and such others, would NOT be refundable after class commencement.
  • Application and Entrance Test fees, wherever applicable, once remitted shall NOT be refunded under any circumstances.
  • Any student who withdraws from the course as mentioned in S.No.5 and thereafter, will be required to remit to the University, in addition to the amount already forfeited, the course fee payable for the remaining period of the course.
  • The Fee Refund process shall start only on receipt of the “Admission Withdrawal and Fee Refund Form” duly signed by both the student & parent, and signed in original after scrutiny by the relevant authority. Request should be submitted in person / email sent to admissions@srishtimanipalinstitute.in The date of receipt of request will be considered as date of withdrawal. Postal or courier delay shall not be the liability of the institution.
  • All Fee refunds due to the student, shall be made within 10 working days of the acceptance of withdrawal and subject to the conditions stated above.
  • Refunds (if any) will be processed by the MAHE Student Finance Office of the University upon receiving the approval from the Registrar based on the recommendation of the Director (Admissions). Requests for withdrawals should be made in the prescribed application available at the Admissions Office. A refund will be made only after the candidate has surrendered the student ID card, the original fee receipt, and, the No Due Certificate to the Student Finance Office.
  • All refunds shall be processed and payments made only to the bank account provided in the “Admission Withdrawal and Fee Refund Form”. Any changes required by the student in the Bank Account information already submitted in the form shall be done at the cost to the student.


Refund of fees in other cases

  • In case, the admission of a student is cancelled on account of disciplinary action or violation of no-ragging regulations, substance abuse, breach of code of conduct or any other rules and regulations, of the Institute, No Refund of Fees is permissible. Only the security deposit would be refunded to the student on submission of the withdrawal form.
  • In all other case which are not covered in this policy, the final decision shall be taken by the Director of the institute and this shall be binding.

Refund of Security Deposit to students withdrawing mid-stream or on completing the course

  • The security deposit is refundable to students withdrawing or completing the course but subject to deductions of any dues to the Institute.
  • Students in either case are required to obtain a No Due Certificate and submit it to the Student Finance Office to clear the deposits. The student shall be informed by letter or email once the refunds have been made. Any changes required by the student in the Bank Account information already submitted to the Finance Office shall be done at the cost of the student.

All of the above is indicative and Srishti Manipal Institute of Art, Design and Technology reserves the right to make changes as per the notifications received from the concerned statutory / regulatory authorities from time to time.  Any changes made in the above will be updated on the website.