Ecowrkz Cancellation & Refund Policy
Official Policy Document

Cancellation & Refund Policy

Clear, transparent, and time-bound cancellation rules for meeting rooms, conference halls, and event spaces booked across Ecowrkz.

Billing & Refund Processing Entity

Ecowrkz is operated by Rankraze Technologies Pvt. Ltd.

Payments for workspace bookings, office rentals, and related services are collected by Rankraze Technologies Pvt. Ltd. Invoices, receipts, and statutory GST credit notes are issued by Rankraze Technologies Pvt. Ltd. using its applicable registered business and GST details.

Legal & Financial Entity:Rankraze Technologies Pvt. Ltd.
Financial Jurisdiction:Chennai, Tamil Nadu, India

Governing Policy Scope

This Cancellation and Refund Policy governs the cancellation of bookings and the issuance of refunds for meeting rooms, event spaces, day passes, and conference halls booked through the Ecowrkz website, mobile applications, and partner portals.

By reserving a space or confirming a booking quote, you agree to the time-bound rules, operational business hours calculation, and statutory tax adjustments outlined below.

Contract Notice for Dedicated & Managed Workspaces:Dedicated desks, private office cabins, virtual offices, and managed enterprise workspaces are governed by their respective individual membership and lease agreements. Such agreements carry specific lock-in periods, security deposit terms, and written notice periods (standard 2 months). Nothing in this policy implies that long-term membership fees or deposits are unconditionally refundable outside the specific executed contract terms.
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Time-Bound Cancellation Matrix

Refund eligibility is strictly calculated based on the exact booking start time of your scheduled reservation against the verified cancellation timestamp, using standard operational business hours:

Full Refund
100%

> 48 Business Hours

Receive a 100% full refund of your total booking amount. The full taxable base amount and collected GST will be refunded.

GST Processing:100% GST Credit Note Issued
Timeline:7 – 8 Working Days
Partial Refund
50%

24 – 48 Business Hours

Receive a 50% partial refund of your booking amount. Base room price and collected GST are adjusted proportionally at 50%.

GST Processing:50% GST Credit Note Issued
Timeline:7 – 8 Working Days
No Refund
0%

< 24 Business Hours

No refund will be issued. The reservation is treated as a late cancellation or no-show, as the room capacity was reserved and held exclusively.

GST Processing:Non-refundable / No Credit Note
Timeline:N/A
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Important Terms & Definitions

Standard Business Hours Window

For cancellation deadline calculations, operational business hours are strictly defined as 9:00 AM to 6:00 PM (9 hours/day), Monday to Saturday. Sundays are non-business days and are completely excluded from notice calculations.

Statutory GST Credit Note Processing

Under Indian Tax Law, when a full (100%) or partial (50%) refund is issued, the corresponding Goods and Services Tax (CGST + SGST / IGST) collected on the refunded portion will be adjusted and refunded via a statutory GST Credit Note issued by Rankraze Technologies Pvt. Ltd.

Secure Processing Timeline

Approved refunds are processed by Rankraze Technologies Pvt. Ltd. back to your original payment source (Credit/Debit Card, UPI, Net Banking) or LIT Points balance within 7 to 8 working days from the cancellation timestamp.

Host Cancellations & Operational Guarantee

In the rare event that a venue host cancels your reservation or a workspace becomes unavailable due to an operational issue or maintenance, you will receive a 100% Full Refund immediately, regardless of timeframe.

How Business Hours Are Calculated

Our backend server validates notice using operational windows (9:00 AM to 6:00 PM, Mon–Sat) in Indian Standard Time (IST). Raw calendar subtraction is not used.

Example: Monday 10:00 AM Booking

• Cancelled on Sunday 10:00 AM

• Sunday counts as: 0 business hours

• Monday 09:00 AM – 10:00 AM: 1 business hour

Result: 1.0h Notice → 0% Refund (Late Notice)

Example: Wednesday 6:00 PM Booking

• Cancelled on Monday 09:00 AM

• Mon (9h) + Tue (9h) + Wed (9h) = 27 business hours

• Notice falls within 24–48 hours range

Result: 27.0h Notice → 50% Partial Refund + Credit Note

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Host Cancellations & Technical Glitches

100% Immediate Host Protection Guarantee

In the rare event that a venue host cancels your reservation, or the reserved space becomes unavailable due to unscheduled facility maintenance or a technical operational issue, you will receive a 100% Full Refund immediately, regardless of the timeframe.

Frequently Asked Questions

Q.How are business hours calculated over the weekend?

Our cancellation system counts active business hours solely within the 9:00 AM – 6:00 PM operational window from Monday to Saturday. Sundays are non-operational days. For example, if you cancel on Sunday at 10:00 AM for a Monday 10:00 AM meeting, the active notice notice is 1 business hour (Monday 9:00 AM to 10:00 AM), placing it in the 0% refund tier.

Q.How does the GST refund work on a partial 50% cancellation?

For a 50% partial refund, both the base room rent and the statutory CGST (9%) and SGST (9%) are reduced by exactly 50%. A compliant GST Credit Note is automatically generated reflecting this adjustment.

Q.Can I cancel directly from my account dashboard?

Yes! Navigate to 'My Bookings', select your upcoming reservation, and click 'Cancel Slot'. Our server will display a real-time breakdown of your notice hours, eligible refund tier, and credit note refund before you confirm.

Q.What if I booked using Membership LIT Credits?

If you booked with LIT Credits, the eligible refund percentage (100% or 50%) is immediately credited back to your LIT Points balance upon cancellation.

Have Questions About Your Booking?

Our client support and facility coordinators are available Monday to Saturday to assist you.