A) Mode of Payment : One can made payment at MEDHAVI through:
1. Cash (Maximum of ₹10,000 /-) at a time.
2.Check Payment (current dated) or through P.D.C (post dated checks) in case of installments if applicable.
3.Through NEFT / RTGS (for account detail kindly contact office).
B) Payment Rules: Payments can be made in two terms:
a) Onetime payment: In onetime payment a total of 5% of the total course fee amount will be given as rebate to a maximum of ₹8000 /- .
a.1) payment paid in one time will not be refunded at any cost.
b) Payment in installments: Payments can be made in installments depending upon the total fee payable after deduction of scholarship amount under the following terms and conditions.
b.1) In case of installment payments, students have to deposit PDC ( Post dated Cheques) of balance amount at the time of first installment deposit.
b.2) All the PDC (Post dated cheque) of the balance amount deposited at the time of admission should be of within 120 days from the date of taking admission.
b.3) If any PDC (Post dated cheque) of the balance amount is more than of 120 days from the date of taking admission, then it would be not refundable at any condition.
b.4) Installment amount should be in the ratio of 50% of total payable at the time of admission, 30% of the rest as 2nd installment and rest 20% as 3rd installment.
b.5) If a student fails to deposit installment on or before the due date, late fee fine @ ₹50/- per day will be charged upto 30 days. After that the admission shall be treated cancelled without any prior information and refund of the fee. Days will be counted from the PDC dates mentioned.
NOTE: After deposition of fee following charges are applicable for-
Duplicate ID card – ₹300
Duplicate Fee receipt – ₹200
Medhavi Bag – ₹850
C) Refund Rules: The refund rules are as follows :
1.Last date to apply for refund is the 15th date of the payment of installment. After 15th days amount paid will not be refunded at any cost.
2.Refund application form can be obtained from head office @ Karamtoli road, Ranchi.
3.Refund request made verbally or through phone / email / fax / whatsapp / shall not be entertained in any case.
4.Total deductable amount in refund case will be 25% of the installment paid. Total deductable amount is inclusive of GST 18% (present rate). Fee can be changed, if there is levy / change in taxes by the central / state govt.
5.Refund application in the prescribed format will be accepted along with original fee receipt and identity card. No refund will be made after the refund date.
6.Refund will be credited in Father / Mother / Student bank account through NEFT / RTGS mode only. For this applicant have to submit cancelled cheque or bank passbook first page copy along with refund form.
7.Refund rule are SAME even
a) If a student join class late after admission.
b) If a student doesn’t join or attend even a single class at all.
c) If a student apply for refund before commencement of the class.
8.Fee paid for short term course of less than 4 months is not refundable at any cost. There is no installment mode for short term courses.