Refund Policy
Provision of Refund is only applicable in specific cases as per the norms of the University.
The refund money will be transferred to the bank account as per the detail submitted at the time of counseling/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 by the person, by the Admissions Department:
- Submit Application with Fees Refund Form
- University ID Card (If Collected )
- All receipts towards the payment of Fees.
- Provisional Allotment Letter (PAL)
- Bank Detail 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 you.
If all documents submitted for refund are in order, then the time taken to process and effect the transfer of refund money will be 30 working days. Kindly note that it is the sole responsibility of the candidate to submit all required documents for timely processing of refund.
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 :-
In case of (1) table above the University shall deduct an amount not more than 5% of the fees (subject to a maximum of Rs.5000.00) as processing charges.
