Hey there,
After the first round is over, you will be allotted a seat and will be given two choices - either to ‘freeze’ your seat, that is you are accepting the seat allotted to you. You will then not take part in subsequent rounds of allotment. Another option is to ‘float’, that is to to take part in further rounds with the seat still being with you. After the first round you have to deposit the admission fee and then choose your option. Either way, you have to report yourself to the nearest RC.
Feel free to ask if you have any more queries.
I hope it helps.
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