PSR Academy

Refund & cancellation policy

This explains when, how much, and how quickly PSR Academy refunds teaching fees if you need to cancel or withdraw.

Purpose and scope

This policy explains when, how much, and how quickly PSR Academy refunds teaching fees. The aim is fair to both sides: you can try the classes with your money protected, and you only pay for the teaching you actually received.

This covers fees paid to PSR Academy (Pvt) Ltd ("PSR Academy", "we") for BIT teaching, by any method - bank transfer, cash, card, or an online payment.

It does not cover registration, exam, or other fees you pay directly to the university that awards the BIT degree. Those are governed by that university's own rules.

Key terms

TermMeaning
SemesterOne BIT semester taught by PSR Academy, with the start date we announce to your class group.
Start dateThe first lecture date of your semester. If you join later, the date you're registered becomes your start date.
MonthEvery semester has 4 teaching months. Month 1 starts on the start date; each following month starts on the same date of the next calendar month.
Withdrawal dateThe date we receive your written withdrawal request (section 11).
Monthly feeThe monthly instalment for your BIT year on our published fee schedule.
Payment planMonthly, per-semester, or full-year, as recorded when you registered.

Seat confirmation payment

The seat confirmation payment - half of one month's fee for your BIT year (5,000 LKR for 1st year) - reserves your place and is credited toward your first fees.

  • If you withdraw before the start date: refunded in full.
  • If you withdraw on or after the start date: it's treated as part of your teaching fee and is subject to sections 4 and 5.
  • If we cancel the class or can't offer you a seat: refunded in full.

The first-week trial: a full refund within 7 days

If you withdraw within 7 days of your start date, we refund everything you've paid for that semester, whatever your payment plan.

  • This applies once per student, to the first semester you study with us.
  • If you've paid for a full year, the whole year's fee is refunded.
  • Your access to lectures, recordings, and slides ends on your withdrawal date.

Withdrawing after the first week

Months that have begun are charged at the monthly rate, and after the trial week we refund what's left of what you've paid.

  • Monthly plan: the current month and any months before it aren't refunded. No further instalments are due. Any future months you've already paid for are refunded in full.
  • Semester plan: every month that has begun, including the month your withdrawal date falls in, is charged at the monthly rate. We refund what's left of the semester fee - never less than zero.
  • Full-year plan: calculated the same way, across both of the year's semesters (8 months).

The semester and full-year discounts are for completing the whole period, so months that have begun are charged at the monthly rate, not the discounted one.

Worked examples, using 1st-year fees (10,000 LKR/month, 38,000 LKR/semester, 72,000 LKR/year):

Payment planAmount paid (LKR)Withdrawal date falls inAmount charged (LKR)Refund (LKR)
Semester38,000Month 22 x 10,000 = 20,00018,000
Semester38,000Month 44 x 10,000 = 40,000 (capped at 38,000)0
Full year72,000Semester 1, month 33 x 10,000 = 30,00042,000
Full year72,000Semester 2, month 15 x 10,000 = 50,00022,000
Monthly30,000 (months 1-3 paid ahead)Month 2Months 1 and 2 = 20,00010,000

If we cancel or change classes

When the change is on us, you don't lose anything.

  • If a lecture is cancelled: we reschedule it within 14 days, or give you its recording and slides. No refund when the lecture is rescheduled.
  • If we cancel a semester, or stop teaching your BIT year: we refund every unused month at the rate you actually paid (your semester or full-year rate, not the monthly one), and we also refund the seat confirmation payment for a class that never started.
  • If we change lecture times to ones you can't attend: you can withdraw within 14 days of the announcement and get the same refund as for a cancellation.

Payment mistakes

Money paid by mistake is always refunded in full, with no deduction.

  • Double payment (paying the same fee twice): refunded, or kept as a credit toward your next fee if you prefer.
  • Overpayment: the extra amount is refunded or kept as a credit, as you prefer.
  • An online payment that failed but still left your account: if it never reached us, your payment provider normally reverses it within a few working days. If it doesn't, send us the payment reference and we'll follow it up.

What isn't refunded

  • Months that have begun, except as covered under sections 4, 6, and 7.
  • Fees paid to the university for BIT registration, exams, or certification.
  • Scholarships or periods given free of charge. These have no cash value and can't be exchanged for money or transferred to someone else.
  • Lectures you chose not to attend. You get the recordings instead.

We never deduct card or payment-processing fees from a refund.

Removal for misconduct

If we remove you for serious misconduct, the current month isn't refunded, and unused future months are refunded based on the monthly rate, calculated as in section 5.

Serious misconduct includes:

  • sharing your personal Zoom link, recordings, or slides with anyone outside your class
  • recording, downloading, or republishing lectures without permission
  • harassing students or staff
  • fraud or deception, including fake payment records

We'll tell you in writing what happened, and give you 7 days to respond before we decide.

Deferral and special circumstances

Instead of taking a refund, the refundable amount can be kept as a credit toward a later class.

  • Deferral credit: the full refundable amount (section 5) is held for you for 12 months from your withdrawal date, and applied to your fees when you rejoin. It can't be transferred to someone else or later taken as cash, unless we cancel the class you planned to rejoin.
  • Illness, a death in the family, or another serious event: tell us as soon as you can. We consider each case individually and may offer a temporary pause, a deferral, or a refund beyond what this policy otherwise gives. We may ask for reasonable evidence, and we keep it confidential.

How to request a refund

Send a written request. We confirm it within 3 working days, and pay out approved amounts within 14 working days.

  1. Email admin@psracademy.lk or WhatsApp +94 76 860 1515 with your full name, student number, payment reference, and whether you want a refund or a deferral credit. A reason helps but isn't required.
  2. We reply within 3 working days with the amount and how we calculated it.
  3. Approved amounts are paid within 14 working days:
    • card or online payments go back to the same card or account
    • bank transfers and cash payments go to a bank account in the payer's name that you give us
  4. If we can't agree on the amount, either side can ask for the payment records to be reviewed again, and we'll reply in writing within 7 working days.

Access, changes to this policy, and your rights

  • Access: your access to lectures, recordings, and slides ends on your withdrawal date, and your student ID shows as inactive.
  • Changes: we may update this policy. No change applies to fees you've already paid - those stay governed by the policy in force on the day you paid.
  • Your rights: this policy doesn't limit any rights you have under Sri Lanka's consumer protection laws. This policy is governed by the laws of Sri Lanka.
  • Contact: PSR Academy (Pvt) Ltd, company registration number PV 00379041, 286/C, Govipola Road, Pubudupura, Anuradhapura, Sri Lanka. Email admin@psracademy.lk, phone and WhatsApp +94 76 860 1515.

If there's any difference between the English and Sinhala versions of this policy, the English version prevails.

Effective date

5 November 2026.

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