Yes. The refundable amount of Rs. 2 lakhs will be transferred back to the same account the payment was made from. This is in the cases of where you have not been allotted a seat and then you do not want to participate in the further rounds. After all the rounds of Counselling are over, the authorities will release a list of Candidates who are eligible for the refundable amount and the amount will be transferred to the same account the amount was paid from.