IIM Visakhapatnam

Refund Policy

1. General Position on Refunds – As a general rule, the Course Fee paid is non-refundable. Refunds shall be governed by the provisions set out below, and any exception shall be considered solely at the discretion of the Institute under extraordinary and exceptional circumstances.
2. Refund Requests Prior to Programme Inauguration – A student who withdraws at least ten (10) calendar days prior to the Programme Inauguration Date shall be eligible for a refund of the Programme Fee paid, after deduction of Administrative Charges equivalent to the Application Fee. The Application Fee paid at the time of enrolment shall remain non-refundable under all circumstances.
3. Application Fee – The Application Fee paid by the student shall not be refunded under any circumstances.
4. Course Material Fee – Where course materials have already been shared with the student prior to withdrawal, the corresponding fee attributable to such course materials shall be non-refundable.
5. Campus Immersion Component – Where a programme includes a campus immersion component and the student has paid the prescribed immersion fee in full by the stipulated due date but is unable to attend the campus immersion physically due to personal reasons, the student may attend the immersion in online mode, provided such a facility is available. No refund, whether partial or full, shall be admissible in respect of the campus immersion fee under any circumstances.
6. No Refunds Post-Commencement – Normally, no refund shall be permissible where a student withdraws on or after the Programme Inauguration Date.
7. Cancellation of Enrolment or Termination – No refund shall be permissible under any circumstances if the student's enrolment is cancelled, or if the student is terminated from the programme by the Institute at any stage, irrespective of the grounds for such cancellation or termination.
8. Exceptional Circumstances – Notwithstanding anything contained herein, the Institute reserves the right to consider exceptions to this policy under extraordinary and exceptional circumstances that are duly justified and supported by appropriate documentary evidence. Any such request shall be considered only upon compliance with the prescribed process.
9. Processing Timeline – Eligible refunds, after adjustment of any applicable dues, shall normally be processed within thirty (30) calendar days from the receipt of complete and correct documentation from Accredian, to the satisfaction of the Institute.
10. Mode of Refund – Approved refunds shall be remitted directly by IIM Visakhapatnam to the student's designated bank account.
11. Submission of Requests – All refund requests must be submitted in writing to [email protected].

Withdrawal Policy

Participants seeking withdrawal from a program should submit a formal written request to the Service Provider by mail and Speed Post. The request should include the following details of the participant:

1. Full name
2. Copy of Aadhar Card
3. Copy of PAN Card
4. Title of the Program
5. Batch No.
6. Program Inauguration Date
7. Fee Payment Details (Date, Amount and Mode of payment; supported by documentary evidence)
8. Reason for withdrawal
9. Supporting documentation (For example, in the event of medical reasons, supporting documentation shall include certification from a competent Government Medical Authority)
10. A copy of a cancelled specimen cheque or an authenticated bank statement, for the Institute to gather the bank details (Account No., Account type, Branch Name, Bank Name, IFSC Code)

Consequences of Withdrawal – Participants withdrawing from the program at any stage (irrespective of the duration of their enrolment in the program or attendance) shall not be eligible for any:

1. Certificate of Participation or Completion
2. Academic credit, transcript, grade card, mark sheet etc.
3. Alumni status
4. Any other facility or benefit.