If any parent wishes to modify/break the installment plan, the amount of ₹2500 + GST will be charged per installment for increasing the number of installments.
In case the installment is missed or cleared partially – then student portal account will be deactivated. For Re-activation nominal amount of ₹1000 + GST will be charged per activation. Since the installment modified as per point 3 then along with reactivation charges, installment modification charges will be applied.
Example: Installment due = ₹50000 + GST, your account has been made inactive due to missed payment. Now if student wants to activate the account then he or she has to pay ₹53,500 + GST.
In case student drop out due to any reason including non-payment of Fees, wants to rejoin then he/she has to pay re-admission charges and then only their account on VMC portal will be re-activated and they will be allowed to attend the classes.
For 1, 2, 3, 4 & 5 years course - Readmission charges will be ₹5000 + GST
Any modification to the payment plan, installment ratio, or installment date will be deemed as an installment break, and facilitation charges will be applicable.
*Above (Transfer and Facilitation Charges) are payable up-front and are strictly Non-Refundable.