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Greetings, Saloni.
So, basically if you do not report to the college that has been allotted to you in the 1st round of counselling you will not lose your deposit money and would still be eligible to appear for the subsequent rounds of counselling where you will again have a choice of locking or exiting the process with forfeiture.
Keep in mind that Free exit only works in round 1 and you may be penalized if you attempt that in later stages.
For more information on free exit and the counselling procedure in general i am attaching a link for you better understanding, hope it helps:
https://medicine.careers360.com/articles/neet-counselling#NEET-Counselling-Process
Best of luck and good day!
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