Payment of Total Payable Amount:
The Student is obliged to pay 100% of the applicable price as agreed for the provision of hostel accommodation booked by him/her for such tenure as mentioned herein. If the Student intends to book the hostel accommodation prior to the Term Commencement Date i.e. 01/06/19, then
the Student can make the payment of an amount of Rs. 25,000/- (Rupees Twenty Five Thousand only) to book his/her accommodation. (“ Booking Amount ”). Once the Booking Amount is paid, the Student has 14 days to pay the balance amount otherwise the booking made will be cancelled and the Booking Amount withheld. If the Student intends to book the hostel accommodation post the Term Commencement Date, then the Student needs to pay the “ Total Payable Amount” to book his/her accommodation.
The booking amount is refundable only if the cancellation request is made within the “cooling-off period” i.e. 14 days from the date of booking, or until Term Commencement Date whichever comes first. If a customer has failed to make the remaining payment within the “cooling-off” period, their booking will have been considered expired and they will forfeit any booking fees they have paid.
The partial/full payment amount received will be refunded as per the table below (applicable for payments before 1 June):
|Percentage Refund Liable||Date on which cancellation is|
|0%||Date on which cancellation is|
|25%||1 June – 31 July|
and before student move-in (Sec. 8.3)
|25%||16 May – 31 May|
|50%||15 Apr – 15 May|
|100% minus booking amount (booking|
amount of Rs 25,000 forfeited)
|Before 15 Apr|
After 1 June, only full payment is accepted and refund policy will include refunding 25% of the full payment (uptil 31 July) unless the student has moved-in to Tribe, in which case the student will have no right to any refund.