Fee Refund Policy
Provision of Refund is applicable only in specific cases and as per the norms of the university in this regard.
The refund money will be transferred to the bank account as per the details submitted at the time of counselling/admission.
The refund of money will be effected only by RTGS/NEFT.
The paperwork for refund will be initiated ONLY on the date of receipt of the following documents in ORIGINAL from the candidate, by the Admission Department:
- Submit Application with Fees Refund Form
- University ID Card (If Collected)
- All receipts towards the payment of fees.
- Provisional Allotment Letter (PAL)
- Bank Details to which transfer of money is to be done (in case money needs to be refunded to some other account).
ARKA JAIN University, Jharkhand will not be responsible for the change /misrepresentation of account information, as received and confirmed by the candidate.
If all the documents submitted for refund are in order, then the time taken to process and effect the transfer of refund money will be upto 30 working days.Kindly note that it is the sole responsibility of the candidate to submit all required documents for timely processing of the refund in the absence of which the refund process might get jeopardized.
Refund will be processed by the finance office of the University upon receiving approval from the registrar.
Refund Timelines
| S.No | Percentage of refund of fees | Point of time when the notice of withdrawal of admission is served |
|---|---|---|
| 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 formally notified last date of admission |
| 5 | 00% | More than 30 days after formally notified last date of admission |
Note :-
- The above table is as per the UGC fee refund policy 2024-25.
- Full Refund of fee would be made up to 30th September 2024.
- From 1st to 31st October 2024, an amount of Rs.1,000 would be deducted as processing fee in addition to the deduction to be made in fees paid as per the above table (No.2 in table) if applicable.
- The Last Date for admission is 31st October 2024.
- After 31st October 2024, deduction to be made in fees paid as per points 3,4 & 5 of the above table.
