Refund Policy

Refund policy

MBA 2019-21

IFMR GSB Krea University’s refund policy conforms to the norms set by UGC. The table below details the same:

S. No. Percentage of refund of fees Point of time when notice of withdrawal of admission is received by IFMR GSB Withdrawal request to be received on or before
1 100% 15 days or more before the formally-notified last date of admission   June 03, 2019
2 90% Less than 15 days before the formally- notified last date of admission   June 04 – June 16, 2019
3 80% 15 days or less after the formally-notified last date of admission   June 17 – July 01, 2019
4 50% 30 days or less, but more than 15 days, after formally-notified last date of admission   July 02 – July 16, 2019
5 00% More than 30 days after formally- notified last date of admission   July 17, 2019


  1. Notified last date of admission is June 17, 2019.
  2. An amount of INR 1,000/- will be deducted towards processing charges before making any refund.
  3. The one-time Deposit of INR 50,000/- will be refunded at the time of graduation from IFMR GSB or withdrawal of admission, subject to recoveries, if any, pending from the student.
  4. Applicants in category S No. 3, 4 & 5: Living expenses will be refunded on a pro-rata basis as per current practice at IFMR GSB.
  5. Requests for withdrawal / refund should be made to the Office of Admissions by e-mail to giving details of applicant id.  The Admissions Office will then email the prescribed Withdrawal / Refund Request Form.  The applicant is required to send duly filled and signed form to Admissions Office by courier / speed post. Fee shall be refunded to the eligible student within fifteen days from the date of receiving the form.

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