Hey,

No, no college or university can ask you to deposit a bond amount for admission process. No doubt they could ask you for some amount of your fees as a advance. They only ask you to fill a form and have signature on it.

And there is no rebate for depositing a fees in increments. The fees is taken grossly together for a year. And the fees is taken all the 4years individually.

I hope this help you.

Thank you!