Hey Abhyudaya !
In case you didn't receive any college till the mop-up round of AIQ Counselling, then your security money will be refunded without any hassles.
But if you have been alloted a college through the AIQ and then you decide to opt for a college through the State Quota, then I am sorry to say, but the security money won't be refunded at all under such circumstances.
Hence, it's advised to be quite careful while making decisions during college selection.

Hope this helps.

All the Best !

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