After deducting a processing fee of about Rs 1000/- the enitre fee which you have paid will be refunded to you.
According to the refund rules the refund will be made in the next financial year
I guess the refund policy is for next financial year ! I suggest you take a look at the refund order of Students who are admitted in 2012 admissions : https://www.dropbox.com/s/f327bx5zmjpqjrs/IRAA_Refund_Orders_Mar16_f1-1-en.pdf
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