Hey,

As you have stated that you have not been allotted with any seat under All India Quota so you can easily opt for Free Exit.

If you won't participate in other rounds of counseling, if you skip the registration process for other rounds of counseling you will be automatically counted in the Free Exit category.

As far as the security deposit is concerned, that will be credited back into the account from which the amount was initiated first .  It will be done once all the counseling rounds are over.

Hope that helps

Thank you.