ncfm

The Certification Program

NSDL is committed to provide best service to investors and recognises that quantitative progress is ineffective if not backed by quality services. It is, therefore, necessary that the staff of our business partners are sensitised to service standards and efficient depository operations.

Towards this objective, NSDL has launched Certification Programme on depository. This programme helps the candidate to understand and assimilate the procedures to be followed in conducting various transactions in the NSDL depository system. NSDL has made it mandatory for all branches of Depository Participants (DPs) to have atleast one person qualified in the Certification Programme. For the benefit of the staff of the DPs, NSDL conducts training programmes which cover all aspects of depository services.

NSDL is using the National Stock Exchange of India Limited's (NSEIL) Certification in Financial Markets (NCFM) infrastructure for conducting the "NSDL-Depository Operations Module". NSE's Certification in Financial Markets (NCFM) is an on-line testing system. The entire process of testing, assessing and scores reporting in the NCFM is fully automated. The test is conducted on weekdays at all six NSE offices. (At Mumbai, tests are conducted on Saturdays also). In addition, the tests are conducted on any day at any location in India through Internet if there is adequate demand for the same.

The NISM Certifications Portal is a a centralized portal for access to all information related to NISM Certification Examinations as well as Continuing Professional Education (CPE).

The portal also provides educational content to educate and help professionals entering the securities markets.The School for Certification of Intermediaries (SCI) at NISM is engaged in developing certification examinations for professionals employed in various segments of the Indian securities markets. These examinations are being developed by NISM as mandated under SEBI (Certification of Associated Persons in the Securities Markets) Regulation, 2007.

The examination seeks to create a common minimum knowledge benchmark for persons working in the Currency Derivatives market segment, in order to enable a better understanding of currency markets and exchange traded currency future products, better quality investor service, operational process efficiency and risk controls. NCFM is an online testing and certification programme. It tests the practical knowledge and skills required to operate in the financial markets.

The examination seeks to create a common minimum knowledge benchmark for persons working in the Currency Derivatives market segment, in order to enable a better understanding of currency markets and exchange traded currency future products, better quality investor service, operational process efficiency and risk controls.


Test Details

Salient Points of the NSDL - Depository Operations Module

Test Duration (in minutes)

75

No. of Questions

60

Maximum Marks

100

Pass Marks %

60

Certificate Validity (in years)

5

  • Candidates securing 80 % or more marks are awarded Certified Trainer certificate
  • One-fourth mark will be deducted for incorrect answer

 


Eligibility

There are no restrictions of age or qualifications for registration to the NCFM programme or for taking the NSDL-Depository Operations Module examination. Computer literacy will be beneficial while answering the test as the test is completely computerised, using a highly user-friendly web based application.

Enrollment Fees

Rs. 1,500 for each enrollment w.e.f. October 1, 2008

Score Reporting

Scorecard is issued on the spot to the candidate after the completion of test. This service is free of charge.
For subsequent requests for scorecard a demand draft of Rs. 50/- is payable. (Payment through demand draft only)

Duplicate Certificate

Rs. 200/- payable by demand draft, enclosed with the application letter giving details of the test. (Certificate is issued to only successful candidates) Payment through demand draft only.

 

Once you are registered in the NCFM programme, you can take as many modules and number of attempts as desired by paying the Enrollment Fees for every attempt.

Payment can be made through the OFFLINE mode by means of Demand Draft only. The Demand Draft should be in favour of 'National Stock Exchange of India Limited', payable at the respective test centre. Candidates can also avail of the ONLINE mode of payment wherein payment can be made by credit card / netbanking / cash payment in designated ICICI branches. Fees once paid shall not be refunded.

NISM

Sr. 
No

NISM Exam

Test Duration

Fees (Rs)

Maximum Marks

No. of Questions

Pass Mark (%)

Negative Marks (%)

Certificate Validity

(in years)

1

NISM Series I: Currency Derivatives Certification Examination

2hrs

1500/-

100

100

60

25

3

2

NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination

2hrs

1500/-

100

100

50

25

3

3

NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination

2hrs

1500/-

100

100

50

25

3

4

NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination

2hrs

1500/-

100

100

60

25

3

5

NISM Series-III-B: Issuers Compliance Certification Examination+

2hrs

1770/-

100

100

60

25

3

6

NISM Series IV: Interest Rates Derivatives Certification Examination

2hrs

1500/-

100

100

60

25

3

7

NISM Series V A: Mutual Fund Distributors Certification Examination

2hrs

1500/-

100

100

50

 

3

8

NISM-Series V-B: Mutual Fund Foundation Certification Examination

2hrs

1200/-

50

50

50

 

3

9

NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination+

2hrs

1770/-

100

68

60

25

3

10

NISM Series VI: Depository Operations Certification Examination

2hrs

1500/-

100

100

60

25

3

11

NISM Series VII: Securities Operations and Risk Management Certification Examination

2hrs

1500/-

100

100

50

25

3

12

NISM-Series-VIII: Equity Derivatives Certification Examination

2hrs

1500/-

100

100

60

25

3

13

NISM Series-IX: Merchant Banking Certification Examination

2hrs

1500/-

100

100

60

25

3

14

NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination

2hrs

1500/-

100

100

60

25

3

15

NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination

2hrs

1500/-

100

68

60

25

3

16

NISM-Series-XI: Equity Sales Certification Examination+

2hrs

1770/-

100

100

50

25

3

17

NISM Series-XII: Securities Markets Foundation Certification Examination+

2hrs

1770/-

100

100

60

 

3

18

NISM Series-XIII: Common Derivatives Certification Examination

3hrs

3000/-

150

150

60

25

3

19

NISM Series-XIV: Internal Auditors for Stock Brokers Certification Examination+

2hrs

1770/-

100

100

60

25

3

20

NISM Series-XV: Research Analyst Certification Examination 

2hrs

1500/-

100

100

60

25

3

21

NISM-Series-XVII: Retirement Adviser Certification Examination

2hrs

1500/-

100

100

60

25

3

22

IBBI-Limited Insolvency Examination

2hrs

1500/-

100

90

60

25

The certificate is valid for life time

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