The Institute of Chartered Accountants of India has reduced the fees for OC & ITT Courses for Foundation and Direct Entry students undergoing Virtual classes. Further, students who have already paid the fees will get refund of Rs. 2,000.
Here is the official announcement made by ICAI in the favour of the students:
In view of the ongoing spurt of COVID-19 virus pandemic and subsequent suspension of IT and Soft Skills Classes all across the country, the competent authority has decided that the students of Foundation and Direct Entry, as one time measure, can undergo OC & ITT Course through Virtual Mode and has further decided to implement the following:
Reduction in Fees of OC & ITT Course as one time measure (due to COVID-19) from Rs. 7000/- to Rs. 5000/- and from Rs. 6500 to Rs. 4500/- respectively for the students who will register and undergo the course through online mode.
Refund of Rs. 2000 shall be given to the students who have registered in the portal by paying requisite fees and whose batch was not started in physical mode.
The eligible refunds will be done on or before 45 days of this announcement.