Yes, you have to pay the 2 lakh security deposit separately for AIQ counselling (for deemed universities) and again for state counselling (if the state requires it). These are two different counselling authorities, so their processes and payments are handled separately.

For example, if you're applying through MCC for deemed universities, you’ll pay 2 lakh there. If you’re also applying for private colleges through a state counselling like Maharashtra or Tamil Nadu, that state might also ask for its own security deposit. So yes, you might end up paying both.