In a major relief to students, IITs and NITs will refund the acceptance fee after deducting minimal processing charges in case a student gives up his allotted seat to take admission in any other institute including private one. As per the existing rule, aspirants have to pay a non-refundable seat acceptance fee of Rs 45,000 in general category and Rs 20,000 in SC/ST categories during counseling.
Union HRD Minister Smriti Irani Urges IIT’s NIT’s To Refund Acceptance Fee If Seat Is Surrendered By Student
A candidate would get refund after deduction of processing charges if he has surrendered the seat before the commencement of academic session. A candidate would get refund after deduction of processing charges if he has surrendered the seat before the commencement of academic session.
If the candidate gives up the seat after the commencement of classes, he will get a proportionate refund fee, HRD Ministry officials said, adding refund is unlikely to be made if a seat remains vacant.
The announcement of the refund was made by HRD Minister Smriti Irani during the Question Hour in Lok Sabha on Wednesday. The Ministry has urged the IITs and NITs to “return the fee after taking minimalistic processing fee” to students who do not get admission for a preferred course, she said during the Question Hour.
The development came after the conclusion of the counselling for the IITs, ISM, NITs, IIITs and other centrally funded institutes for 2015-16 academic year by the Joint Seat Allocation Authority.
The Authority had held a meeting last Saturday to decide on an exit clause under which a candidate could give up their allotted seat for a better prospect in a different institution.
IIT, NIT admissions 2015: First round (july 7th), Second Round of seat allotment Schedule, Date, Venue And Timings
The first round of seat allocation for admissions to Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs) was conducted on July 7th. Out of the 13 lakh candidates who were eligible to register, 1.52 lakh filled-in their choices of course and college. These students filled-in a total of 1.29 crore choices by July 6.
According to the official website of JEE Advanced, the first round of seat allocation is set to start at 10 am on July 7th. The students who get a seat are required to report to their respective centres for admission to IITs and NITs, if they fail to do so then they will be excluded from the admission process and won’t be eligible to participate in the subsequent allotment rounds either.
If the students choose to ‘freeze’ the seat then they won’t be allowed to make any changes in the following seat allocation rounds, however, if they wish to keep their options open for an upgrade they need to select the ‘floating’ option. If the students want a course upgrade at the same institute where they were allotted the seat, they will have to choose the ‘sliding’ option.
Out of the 1.52 lakh candidates who registered, only 80,000 locked their choices, the Joint Seat Allocation Authority (JoSAA) locked the last saved choice for the rest. About 25,000 candidates registered for the 10,006 seats offered by IITs. Once the students receive their allotment confirmation, they have to pay the seat acceptance fee at any State Bank of India branch and then report to the admission centre.
There are a total of 85 participating institutes, 17 are Indian Institutes of Technology (IITs), 31 are National Institutes of Technology (NITs), 18 are Indian Institutes of Information Technology (IIITs), 18 are Government Funded Technical Institutions (GFTIs) and Indian School of Mines (ISM).