Hi Mrugank
As everyone has said, having a Refund policy actually works in your favor. It instills enough belief in the minds of your buyers, and you definitely increase your chances of conversions.
I wold like to give you a tip here.
Right next to your refund policy, provide your email / help desk url. After stating your refund policy, tell them something like "If you are not satisfied with our product, just get in touch with us HERE.
Providing your contact details right front of their face would make them trust you more, and would also send them a message that you believe in what you are selling.
- Abhi



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