What is a security deposit?
A security deposit is money held by the owner against damage or unpaid dues. In most Indian cities it ranges from 1 to 3 months' rent (higher in some metros).
Getting it back in full
- Document the property's condition on move-in
- Give proper notice before leaving
- Clear all dues and utility bills
- Do a joint inspection at move-out
A fair owner refunds the deposit within a few weeks of handover.