Refund policy

Refund policy

IFMR GSB, Krea University’s refund policy conforms to the norms set by UGC and is in accordance with the University Grants Commission (UGC) Notification on “UGC Notification Reg.: Refund of Fees and Non-Retention of Original Certificates”, which was published on their website on 02 November 2018.  Please click here.   The table details the same:

The notified last date of admissions: 30 June 2022. The Academic Year 2022-23 starts on 01 July 2022.

 

S No.

Refund of Fee
(percentage)

Point of time when notice of
withdrawal of admission is
received by IFMR GSB, Krea
University

 

Krea will refund if the withdrawal request is received on or before

1

100%

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

16 June 2022

2

90%

Less than 15 days before the formally-notified last date of admission

17-30 June 2022

3

80%

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

01-15 July 2022

4

50%

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

16-31 July 2022

5

00%

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

01 August 2022 onwards

 

 

Note:

  1. Fee include all amounts excluding caution deposit.
  2. An amount of 5% of the fees paid by the student subject to a maximum of INR 5,000/- towards processing charges will be deducted from the refundable amount before making the refund wherever applicable. This is applicable only to applicants in the category of S.No.1 in the above table.
  3. Caution Deposit of INR 35,000/- will be refunded at the time of graduation from IFMR GSB or withdrawal of admission, subject to recoveries, if any, pending from the student.
  1. Applicants who wish to withdraw should fill the Refund Request Form in the admissions portal. The date of submitting the filled-in form will be considered as the basis for calculation of refundable amount. The amount shall be refunded to the eligible candidate within fifteen days of receiving the complete and accurate details.

 

Updated on 24 March 2022