Security Deposit Refund Policy
Transparent, fair and hassle-free security deposit refund process for all residents staying at PRANAM PG.
Refund Eligibility
Residents who successfully complete their agreed accommodation period and clear all outstanding dues are eligible for a refundable security deposit, subject to inspection and policy compliance.
Room Inspection
A detailed inspection of the room, furniture, mattress, locker, keys, electrical items and fixtures will be conducted before processing any refund.
Refund Timeline
After successful room clearance and verification, eligible deposits are processed within 7 working days from the resident's checkout date.
Applicable Deductions
The following charges may be deducted from the security deposit where applicable and supported by the accommodation agreement and relevant records.
Damage Assessment Policy
Any damage caused to furniture, fixtures, walls, electrical items, mattresses, lockers, doors, windows or other PRANAM PG property shall be assessed by management. Actual repair or replacement costs may be deducted from the security deposit, with an appropriate explanation of the charges.
Non-Refundable Situations
The refundable balance may be reduced or, where the agreement and applicable law permit, exhausted by verified outstanding liabilities or damages.
- Unpaid rent or other outstanding dues
- Verified property damage beyond normal wear and tear
- Missing furniture or inventory items
- Outstanding utility charges
- Applicable charges for documented rule violations
- Unauthorized occupancy or other contractual breaches
- Incomplete checkout or documentation requirements, where applicable
Management Review
The final refundable amount shall be determined after inspection and verification by PRANAM PG management. Residents may request an itemized deduction summary for transparency. Any deductions will be subject to the accommodation agreement and applicable law.
