Is IIT Bombay hostel security deposit refundable?
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1 Answer
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Hostel and mess security deposit is a one-time fee during the entire duration of the student's stay in the hostel. Yes, the amount is refunded on vacating the hostel provided the concerned student is not charged with any fine for hostel/ mess damage. In case a student withdraws admission after paying the hostel fee, he or she is refunded fee after deduction of processing fee of INR 1,000.
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