As per IIM Mumbai admission policy, withdrawal of admission and fee refund rules are as under:
- If the withdrawal request is received till 05:00 PM on 12th June 2025:
(i) A processing fee of ₹1,000 (one Thousand) will be deducted, and the remaining amount will be refunded to the candidate, in accordance with MoE Notification No. 14-4/2007-U.3(A). - If the withdrawal request is received after 05:00 PM on 12th June 2025:
(i) The caution money will be refunded only, if the candidate has paid the full first-year fee (for academic year 2025–26).
(ii)If the candidate has paid only ₹1,00,000, no refund will be made; the entire amount will be forfeited.