Student at Faculty of Law Banasthali Vidyapith Rajasthan.
I will revert negative in this. The money that is held by courts through bail money or through other means that is by an official liquidator or any Court receiver- are interest-free deposits and therefore Bail amount can not be refunded. The bail amount is deposited for securing release pending trial, hence once you deposit such amount you get out of prison. Also, you can please refer to- https://www.lawyersclubindia.com/articles/indian-bail-system-1203.asp for assistance.
No money is retained by the Court accepting bail bond. Some property (movable or immovable) original or photocopy of the documents in the name of surity is kept in judicial file at the time of acceptance of bail bond.
If the orders are for granting of bail on depositing of a certain sum as stated in the order, that money deposited in a bank as fixed deposit with interest in the name of the court will be refunded with interest after disposal of the case. Thus deposit and interest can be claimed by bank after submitting discharged FIxed deposit receipt from the Bank. Some courts encash the term deposit receipt and pay the amount through cheque by Court.
It is only rare instances that court insisits on deposit of money for grant of bail. The general rule is to grant bail on execution of bond. Even when money is deposited, the same is returned back when the bail is discharged, The amount is forfeited only when the accused indulges in wilful violation of the conditions of the bail.