The IITs and NITs have decided to refund the acceptance fee after the deduction of the minimal processing charges in case of a student decides to vacate his/her allotted seat to take admission in any other institute including a private one.
As per the existing rule the aspirants will have to pay a non-refundable seat acceptance fee amounting to 45000/- INR for general category student and 20,000/- INR for students belonging to SC/ST categories during the process of counseling.
Aspirants experience a major relief at this decision
The candidates would be getting a refund after the deduction in the processing charges if he decides to vacate the seat prior to the commencement of the academic session.
HRD Ministry officials claimed that if the candidates decide to give up the seat post the commencement of classes they will receive a refund fee that is proportionate and adding refund is highly unlikely to be made if the seat remains vacant.
The announcement of the refund was done via the HRD Minister Smriti Irani during the Question Hour in the Lok Sabha. The Ministry has also urged the IITs and the NITs to “refund the fee after the deduction of the minimalistic processing fee” to those candidates who do not receive admission for a course of their preference , she claimed during the Question Hour.
This development came post the conclusion of the counseling for the IITs, ISMs, NITs, IIITs and various other institutes that are centrally funded for the academic year 2015-2016 via the JoSAA.
The Authority had also held a meeting last Saturday in order to decide on an exit clause in which a given candidate is permitted to vacate their allotted seat in view of a enhanced prospect in a differing institute.
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