Can I get the CA Foundation Exam fee refunded if my application is rejected?

Yes, you can get a refund of the CA Foundation Exam fee if your application is rejected. The Institute of Chartered Accountants of India (ICAI) has a specific refund policy in place for candidates whose applications are rejected.

Refund Policy for CA Foundation Exam

Here is the refund policy for the CA Foundation Exam:

1. Application Fee: The application fee paid at the time of registration is non-refundable under any circumstances. This fee is separate from the exam fee and covers administrative expenses.

2. Exam Fee: The exam fee paid for the CA Foundation Exam is refundable in certain cases. If your application is rejected due to any reason, you can apply for a refund of the exam fee.

3. Refund Procedure: To initiate the refund process, you need to submit a written request to the concerned Regional Office of ICAI within one month from the date of rejection of your application.

4. Required Documents: Along with the written request for a refund, you must provide the following documents:
- Original Fee Receipt issued by ICAI.
- Copy of the Admit Card received for the exam.
- Copy of the Rejection Letter received from ICAI.

5. Processing Time: The processing of the refund may take some time, and it usually takes around 6-8 weeks for the refund to be processed. It is important to keep in mind that this duration may vary depending on the workload of the Regional Office.

6. Refund Amount: The refund amount will be equivalent to the exam fee paid by you. The application fee is non-refundable and will not be included in the refund amount.

7. Mode of Refund: The refund will be processed through the same mode of payment used while making the initial payment. For example, if you paid the exam fee online, the refund will be credited back to the same bank account or payment gateway.

8. Contact ICAI: If you have any specific queries regarding the refund process or need further assistance, you can contact the concerned Regional Office of ICAI.

Conclusion

In summary, if your application for the CA Foundation Exam is rejected, you are eligible for a refund of the exam fee. However, it is important to note that the application fee is non-refundable. To initiate the refund process, you need to submit a written request along with the required documents to the Regional Office of ICAI within one month from the date of rejection. The refund amount will be equivalent to the exam fee paid, and the processing time may take around 6-8 weeks.