I have completed my graduation from a private engineering college located in my hometown. At the time of admission, I deposited 5000 rupees as caution money to the college. After I passe out last year I was not having any dues in the college. and now they are returning just 4000 rupees citing some vague reasons. I want to ask two simple questions:
1. The interest earned on students' money for 5years belongs to whom and is there any such provision to claim for it?
2. What are the proper platform(s) on which my grievance can be heard or I can file a complaint?
Please help as it seems to be an atrocity on the students all over the nation in lack of proper knowledge.
You can write to the principal asking for the reason for withholding a portion of the caution deposit while refund and demand to pay, if this fails to invoke response, you may escalate the matter through legal process.
normally you would be provided with the applications the terms and conditions first read them thus what they said with interest or without interest with this clause you have to ask principal and if you had not succeded then take legal course