Moving to a new city for work? Relocating for that dream project? As a digital nomad or working professional, your time is too valuable to be wasted chasing refunds. At Local Coliving Bangalore, we know the hassle that comes with traditional PG accommodation, endless follow-ups, vague timelines, and hidden deductions. That’s why we’ve built a transparent, tech-enabled system that guarantees your security deposit refund within 15 working days the following month from your check-out.

The Golden Rule: Notice Between 1st–5th

Mark your calendar. Submit your checkout notice through the Local Coliving app between the 1st and 5th of your checkout month. Miss this window, and you’re locked in for another month, no exceptions.

Pro tip for digital nomads in shared living spaces: Set a recurring reminder on your phone for the 1st of every month. It’s the simplest way to keep your housing flexible while you move between projects and cities.

Are You Eligible for a Refund?

Not every resident pays the same way. If you paid one month’s rent as a security deposit at check-in, you’re eligible for a refund. If your booking arrangement did not include this, there’s no deposit to return.

This clarity is part of our promise: no surprises, no hidden fine print, unlike many PG in Bangalore listings that complicate the process.

What Gets Deducted? (The Real Numbers)

Because financial transparency matters when you’re budget-conscious:

• Move-out Charges:
  • Stayed ≤ 6 months: ₹1,180
  • Stayed > 6 months: ₹2,000
• Electricity: Full month’s consumption
• Recovery Charges: Property damage beyond normal wear and tear
• Outstanding Dues: Any pending payments

This straightforward breakdown ensures you know exactly what to expect, no arbitrary deductions like in most PG accommodation or coliving in Bangalore setups.

The 15-Day Process (Behind the Scenes)

Here’s how Local Coliving makes it work:

• Charges are posted to our system
• Verification and approvals step by step
• NEFT transfer to your bank account

No chasing, no landlord delays, just a predictable timeline that works while you do.

Documents Required (Keep It Simple)

Submit these via the Local Coliving app at check-in or before checkout:

• ID verification
• Bank details for refund transfer

Common delays only happen when documents are incomplete, late, or incorrect.

Your Action Plan

At Check-in: Upload ID + bank details via app
At Checkout: Submit notice through app (1st–5th), Ensure property is in good condition

Bottom Line

Getting your security deposit refund at Local Coliving is simple, transparent, and stress-free. While other PG in Bangalore operators complicate refunds, our process runs in the background so you can stay focused on your career, remote work, or next destination.

For digital nomads and working professionals, living shouldn’t be about chasing landlords; it should be about chasing opportunities.

Discover hassle-free living with Local Coliving, built for today’s professionals.

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