Refund Policy on Withdrawal of Admission 2020

Caution Deposit and 1st Semester Fee

Every candidate selected for admission at Chinmaya Vishwavidyapeeth will be required to deposit 50% of the first semester fees of the respective programme, in order to confirm his/her offer of admission by the acceptance deadline as specified in the offer letter. The balance amount, along with the caution deposit of INR 10,000 shall be paid at the time of enrolment. Caution deposit is collected to pay for possible incidentals such as property damage, unpaid transportation fee, or incidentals meals consumed in the cafeteria and so on. It may also apply towards any other receivables subject to the rules and regulations of CVV. 

Refund Details on Withdrawal of Admission as per UGC Guidelines

• Application fees will not be refunded.
• Caution Deposit will be refunded in full.
• The following cancellation charges are applicable based on the date of request for withdrawal from the programme.

• Calculation of charges are at sole discretion of the University

Please note:

• The refund amount may be different for students who have been granted financial aid depending on the amount of aid received.
• All refunds will happen within 2 to 4 weeks from the date of request for withdrawal of admission.
• The refund of fees is based on University Grants Commission (UGC) Notification on “Remittance and Refund of Fees and other Student Centric Issues”, which was approved by commission in its 519th meeting held on November 15, 2016.*

Procedure for refund:

• A student desiring to withdraw the admission shall submit a request in the format given in Annexure – I.
• The candidate should enclose the original fee receipt along with the application.
• For official purposes, the date of submitting the request will be taken as follows:
  • If the request is submitted as hard copy, the date will be considered as receipt of the request at the Registrar’s Office.
  • If the request is sent as email, the date of email will be considered as the date of request.
  • Any incomplete form may be returned to the student for re-submitting the request.
• The concerned authority shall forward the request to the Accounts Department for further processing.
• The refund amount, as applicable, will be credited in the bank account specified in the request form.

Click Here To Download Refund Request Form

*In view of the update in UGC Guidelines dated 22nd September, the entire fees including all charges will be refunded in totality (Zero Cancellation charges) on account of cancellation/migration up to 30.11.2020. Thereafter, on cancellation/withdrawal of admissions up to 31.12.2020, an amount of Rs. 1000/- shall be deducted towards processing fee.