Offer acceptance, withdrawal, and refund
Candidates shortlisted for provisional admission to the Two- Year Weekend Post-Graduate in Management (MBA-PGPM) at IIM Mumbai will be informed by email and/ or online notification. Individual regret communication will not be sent to the applicants. A candidate receiving an admission offer from IIM Mumbai and accepting the offer within the stipulated date as specified must pay the full / Partial admission fee, as applicable to secure the seat in a Program. That is, all the candidates accepting a seat must pay the initial fees of INR 1.0 Lakhs to book his/her seat, and then, depending on the fee option chosen (annual or module- wise), must pay the balance fees as per the timelines. Further, If a candidate subsequently withdraws the admission at any point, the amount will be refunded as per the guidelines. The candidate must make a written application/e-mail request for the withdrawal of admission.
| Sr No | Particulars | Admission Withdrawal time | Refund Amount |
|---|---|---|---|
| 1 | Candidate withdrawing admission after the full payment – Rs. 18 Lakhs or 19 Lakhs | After the commencement of the classes | Rs 50,000 |
| 2 | Candidate withdrawing admission after the Partial payment – Rs. 9.0 Lakhs or 9.5 Lakhs | After the commencement of the classes | Rs 25,000 |
| 3 | Candidate withdrawing admission after the seat booking amount – Rs. 1.0 Lakhs | After the last date of admission | Nil |
The program's admission shall be closed once the number of sanctioned seats gets filled or candidates are unavailable as per the decided cut-off in the final merit list or the Last Date of making Payment.