Hi Nikhil,
Yes your money will be refunded back to your account, after deduction of Rs. 5000. It is not officially stated how much time it will take for the refund to process, but it should be back within a week or so. For more details on refund and CSAB payment, refer this link: https://csab.nic.in/CMS/Handler/FileHandler.ashx?i=File&ii=138&iii=Y
Cheers.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile