Hi Aspirant,

APICET is like an entrance exam and getting rank below 1000 may fetch you admission in some good colleges but there is no extra benefits like scholarships etc.You are given seats in various colleges through APICET by counselling.This is what ranks are meant for.By fee waiver reservations you may get scholarships but for that you need to show certificates of income and it has nothing to do with rank.

Hope it helps!!