When you click on the link "CLICK HERE", it takes you to http://beauxartsschool.com/webalizer/web/1/refunds/index.html?id=refund which looks like a fishy website, as IT Dept websites will always have https or .in or .gov in the web address.
If you select AXIS BANK/ HDFCBANK or any other bank, it will take you to respective Bank's Homepage but the web url address stills remains of http://beauxartsschool.com/.
DO NOT ENTER ANY BANK DETAILS DATA IN ANY OF THESE OR YOU WILL BE PARTED WITH YOUR HARD-EARNED MONEY IN A JIFFY. Please forward to as many people as possible and make them aware of these phishing mails.