Refund Policy: FOSTIIMA Business School abides by the refund rules of AICTE should any student decide to cancel his / her admission and seek refund of the fee paid. However, intimation of withdrawal from the PGDM Program 2025–27 and request for refund of fees shall be valid only if made through an e-mail to student.relations@fostiima.org. Intimation of withdrawal / request for refund of fees sent to any other mail ID or by any other mode of communication shall not be entertained.