How to write a Refund my MBA fee letter as per AICTE rules

I have secured admission to one of the new IIMs but I already deposited admission fee to a good B school in Delhi NCR, now I want to get refund from that institute and wish to pursue PGDM from IIM. When I approached the institute for refund they asked me to write an application but didnt mention what to write therein. How can I get the fee refund. MBAUniverse.com has frequently been receiving the queries and to help the candidates we have devised the format of fee refund application as per AICTE guidelines. A number of candidates are facing problems on getting the right format to write fee refund letters nor are the B school happy to help them in applying for admission withdrawal and refund of fee. These are the tactics to put pressure on the candidate to linger on and not allow smooth return of original documents and refund of fee.

B schools as well as MBA aspirants 2014 are passing through the situation of admission withdrawal and claim of fee refund now a days. There are around 3-4 applications every day in almost all the B schools including a few IIMs where candidates are approaching for admission withdrawal and fee refund.

B schools should provide the prescribed format
In fact the onus to provide the well worded prescribed format of fee refund letter/ application lies on the part of the B schools. The policy of fee refund is more or less same in all the institutes but each one may have slightly different format with its name printed on the prescribed format. AICTE has directed the institutes not to put pressure on students who do not want to study in the particular institute and facilitate the fee refund in due course. Students are not supposed to run from pillar to post to get the prescribed AICTE format for fee refund.

While some of the institutes readily provide the prescribed printed formats available with them to help the candidates and to smoothen the process as per mandatory requirement some others simply ask for the well written application to claim the refund.

Register your Complaints about B-schools

How to write letter in duplicate
MBAUniverse.com brings forth for the benefit of the students the prescribed format for admission withdrawal and fee refund as per AICTE norms. Please however cross check with the institute whether they have some other format for fee refund. Application for fee refund/admission withdrawal should be made in duplicate.

Application for withdrawal of admission: Session 2014-16
To, Date:
The Director/Dean
____________
Res Sir,
I secured admission to ___________ (name of the course vis PGDM/MBA) in your institute on ___________(Date of admission). I would like to cancel it for the following reasons: _____________________________________________________ (Write the reason)
Name of the candidate: Ms/Mr___________________________________________________
( IN BLOCK LETTERS) Surname Name
Regn number (Applicable exam like CAT/XAT/CMAT/MAT)__________________________
Residential Address (As registered)_________________________________________________
______________________________________________________________________________

Mob number:__________________________ email____________________________________
Fee paid Rs.____________(In words)________________________________________________
I am enclosing the copy of fee receipt no._________ dated_____________ Amount______________
I am returning my I- card in original (If issued by the B school) Number____________________
I am also returning other documents/material provided to me by the institute
1.____________________
2.____________________
3.____________________
(Strike out whichever is not applicable)
Kindly direct the concerned to return my original documents and refund the fee paid as per the rules.
Thanking You,
Yours faithfully,
_________________
(Signature of the candidate)
(Name of the candidate)
Acknowledgement to be furnished by the candidate
Received the following original documents from the ____________________(Name of the B school) along with the cheque towards refund.
1. Cheque no________ date________ amount_________
2. Original document-1 (details)_____________________
3. Original document-2 (details) _____________________
4. Original document-3 (details) _____________________

AICTE norms for fee refund
To read and understand the AICTE guidelines for fee refund, the source is the instructions contained in the AICTE document no. - AICTE / Legal / 04(01) / 2007 of April 2007.

Refund will be made for Tuition fee, Development fee and other fee, charged by the institute
The refund of fee as applicable shall not inordinately be delayed.
Amount to be refunded by the institute
AICTE clarifies that the refund is to be made after deduction of the cancellation/processing charges detailed as under.

Stay tuned to MBAUniverse.com for more updates on fee refund policy