AICTE Norms MBA Fees

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I want to know the fees refund policy of MBA program of All India Council for Technical Education (AICTE) so can you tell me?

[sumit]

AICTE fee refund policy allows your MBA fee refund in both the situations-you may withdraw from the MBA-PGDM B-school you do not want to study in or you can switch from one B-school to other.

Fee refund is sought by the candidates who have already made the fee payment for admission to MBA and now wish to submit their admission fee refund application as they do not want to study or because they have got a better MBA college.

Although the top tier MBA colleges try to follow strictly the MBA fee refund norms, the 2nd tier or 3rd tier B-schools refrain from making fee refund as they feel that their MBA programme may not get full intake and try to pressurize the candidate not to push for fee refund.

Tuition fee, Development fee and other fee, charged by the institute will constitute the amount of total fee for refund after cancellation of admission secured through Common/Centralized Admission Process rounds, institute level round(s) and vacancy round(s) of admission.

The refund of fee as applicable shall be made within the time prescribed/due course by the institute.