No formal educational background is necessary for registration to the NCFM programme. Nor is there an age requirement. However, candidates are expected to be numerate and comfortable with written English.
One can join NCFM by registering himself for the programme by filling up part-I of the prescribed registration form. The candidate may enroll for the chosen module by filling up part-II of the said form. The details regarding the test center, date and time of test are informed to the candidate.
There is absolutely no deadline. The candidates are registered / enrolled throughout the year.
No. A candidate can seek testing and certification in any module of his choice.
The test is conducted everyday on week days (except on Exchange specified holidays) at all six NSEIL offices viz., Mumbai, New Delhi, Kolkata, Chennai, Hyderabad and Ahmedabad. Such tests are also offered from any other location in India, if there is adequate demand for the same.
On submission of the prescribed form along with the test fees, the candidate is supplied with study material for all modules except for AMFI-Mutual Fund Modules, Corporate Governance Module and Compliance Officers Modules. The study material for Mutual Funds Modules is available at: Association of Mutual Funds in India, 709, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai - 400 021. Telephone Nos.:6610 1886/7, 2287 6338/9 Fax Nos.:6610 1889/6610 1916 and email:amfi@bom5.vsnl.net.in.
NCDEX distributes the training material of Commodities Market Module free of cost only to their active members and to others at a cost of Rs.500/- plus courier charges. Kindly contact NCDEX office for this training material at NCDEX, Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051. Tele.No.:(022)56406789, Fax : (022)56406899. No study material will be provided for Compliance Officers Modules. The candidates are required to refer to the relevant books, circulars, manuals etc., as per the given curriculum, on their own.
Once a test date and time slot have been allotted, the test can not be rescheduled. You may seek fresh enrollment.
On arrival at the designated test centre on the specified day, the test administrator verifies identity of the candidate and grants him access to the test terminal. In case of online enrollment, candidates are required to bring hall ticket with their photograph duly affixed on it alongwith photo id proof (as mentioned on the hall ticket) which is verified by the test administrator before allowing the candidate to take the test.
Taking the test on the NCFM’s automated testing system is very simple. The candidate is provided a practice test to familiarise himself before the actual test. On punching the registration number, the system generates a completely new and unique question paper consisting of questions selected randomly from a vast question bank. The system ensures that although the candidates get different questions in a question paper, the same level of difficulty is maintained for each of them. The questions are followed by four probable answers. The correct alternative needs to be indicated by click of the mouse. The time remaining to complete the paper is constantly displayed on the top right-hand corner. Once the candidate completes answering the question paper, he submits the same for evaluation. The answers are evaluated immediately and the marks are provided to him on the spot by the computer. There is, however, a system of negative marking for incorrect answers.
The method of answering questions is shown here with an example:
Q: NSE was incorporated in
a. June, 1994
b. November, 1992
c. April, 1993
d. December, 1993
If you think that alternative 'b' is the correct answer to this question, then click the mouse in the circle provided against the alternative ‘b’ in order to highlight it. You can edit your answer by clicking on any other alternative.
Model tests are also available on the NSE website. In order to familarise yourself about the pattern of the question paper, you may attempt model test papers of Derivatives Market (Dealers) Module, NSDL-Depository Operations Module, Capital Market (Dealers) Module, Securities Market (Basic) Module, Commodities Market Module, FIMMDA-NSE Debt Market (Basic) Module, Compliance Officers (Brokers) Module, Compliance Officers (Corporates) Module and Surveillance in Stock Exchanges Module.
Marks are provided to the candidate immediately on submission of the answer paper. A certificate is mailed to the successful candidates within 15 days of the test.
The candidate can bring only a scientific calculator and a pen to the examination hall and nothing else. No assistance is available during the test. Rough sheets are provided to the candidate for carrying out their workings. A backup sheet is provided to the candidate to list out the answers selected by him. The candidate is required to return the rough sheets and the backup sheet to the invigilator before leaving the test room. A candidate found using any unfair means (including use of mobile telephone) or in possession of any incriminating material during the test will be expelled from the examination hall and his test would be cancelled. The decision of the invigilator in this regard shall be final.
The certificate remains valid for 5 years from the date of the test for all modules except Derivatives Market (Dealers) Module, Commodities Market Module, Information Security Auditors Module and AMFI-Mutual Fund (Basic) Module. In case of AMFI-Mutual Fund (Basic) Module the certificate remains valid for life-time. In case of Information Security Auditors Module the certificate remains valid for 2 years. In case of Commodities Market Module and Derivatives Market (Dealers) Module the certificate remains valid for 3 years. In case of Derivatives Market (Dealers) Module, the certificate can be extended to 5 years by undergoing a prescribed and approved refresher course. This ensures that the candidate continuously updates his knowledge and skill. The course contents are revised frequently in tune with changes in the environment ensuring that the candidates passing out are equipped with the latest skills required in the industry. The NCFM Committee determines the standard of knowledge, skill and expertise necessary for different types of specialised functions in the financial markets at operational and supervisory levels and the questions to be included in the question bank.
You cannot have your scores cancelled. You may reappear for the same test to improve your scores by seeking fresh enrollment in the same module. In case of Information Security Auditors Module a certificate is issued only when candidate clears Part-1 and Part-2. In case, candidate wants to improve score in the said module, he has to clear again both Part - 1 and Part - 2 in order to obtain certificate with the revised scores.
A candidate is required to pay a one-time fee of Rs.200/- (currently exempted) at the time of registration. He is also required to pay Rs. 1000/- for each test at the time of enrollment for all modules except for Commodities Market Module, Information Security Auditors Module (Part-1) and Information Security Auditors Module (Part-2).
In case of Commodities Market Module the candidate requires to make a payment of Rs. 1200/-. In case of Information Security Auditors Module (Part-1) and Information Security Auditors Module (Part-2) the candidate requires to make a payment of Rs. 1500/- for each part. In case of Financial Markets: A Beginners’ Module the candidate requires to make a payment of Rs. 500/-. If desired by the candidate, test scores are reported for the first time free of cost to the desired person. Every subsequent score reporting requires payment of Rs. 50/-. Duplicate certificate is issued at a fee of Rs. 200/-.
Here's a quick recap of the fees:
| Registration Fees | Rs. 200/- (currently waived off ) | | Enrollment Fees | Commodities Market Module : Rs. 1200/- for each enrollment
Financial Markets: A Beginners’ Module : Rs. 500/- for each enrollment
Information Security Auditors Module (Part-1): Rs. 1500/- for each enrollment
Information Security Auditors Module (Part-2): Rs. 1500/- for each enrollment
Other Modules : Rs.1000/- for each enrollment. | | 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. | | 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) |
The fees are payable by demand draft only. The demand draft is payable at respective Branch office of NSEIL and should be drawn in favour of ‘National Stock Exchange of India Ltd.’ Fees once paid shall not be refunded.
For all enquiries/help regarding the NCFM programme, kindly contact the test administrator at the nearest test centre. Additional information on the NCFM programme can also be obtained at NSE's web-site: nseindia.com or by sending an email at ncfm@nse.co.in
Candidates who wish to, may courier their forms to The NCFM Dept. at the following addresses depending on their choice of test center :
Test Centres :
| Sr.No. | Test Centre | Telephone and Fax Numbers | | 1 | NCFM Department,
National Stock Exchange of India Ltd.
"Exchange Plaza",
Bandra Kurla Complex,
Bandra (East),
Mumbai-400051 | Tel : 022 - 26598171-72
022 - 26598216 / 8252
022 - 26598100 - 114
Fax : 022 - 26598393 | | 2 | NCFM Department,
National Stock Exchange of India Ltd.
4th Floor,
Jeevan Vihar Building
Parliament Street
New Delhi-110001 | Tel : 011-23344313-27
Fax : 011-23366658 | | 3 | NCFM Department,
National Stock Exchange of India Ltd.
Park View Apartments,1st Floor,
99 Rash Behari Avenue,
Kolkata – 700 029 | Tel : (033) 24631802-05, 24631809-12
Fax : (033) 24631791, 24631806 | | 4 | NCFM Department,
National Stock Exchange of India Ltd.
7th Floor, Arihant Nitco Park,
90, Dr. Rashakrishnan Salai,
Mylapore,
Chennai - 600 004 | Tel : 044-28475100
Fax : 044-28473633 | | 5 | NCFM Department,
National Stock Exchange of India Ltd.
H No.3-6-322,
Mahavir House, IInd Floor,
Chamber No. 203 & 204,
Basheerbagh,
Hyderabad : 500029
| Tel : 040-23227084/85
Fax : 040-23227086 | | 6 | NCFM Department,
National Stock Exchange of India Ltd.
406 Sakar II,
Near Ellis Bridge,
Ahmedabad – 380 006 | Tel : 079-26580212 - 13
Fax : 079-26576123 |
- Registration fee is currently exempted. You are required to pay only enrollment fees of Rs.1000/- per module, per test {except for Commodities Market Module, Financial Markets: A Beginners’ Module, Information Security Auditors Module (Part-1) and Information Security Auditors Module (Part-2)}.
- In case of Commodities Market Module the enrollment fees per test is Rs. 1200 and in case of Financial Markets: A Beginners’ Module the enrollment fees per test is Rs. 500/-. In case of Information Security Auditors Module (Part-1) the enrollment fees per test is Rs. 1500/- and Information Security Auditors Module (Part-2) the enrollment fees per test is Rs. 1500/-
- 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.
- Please mention the correct name of the module at the time of enrolling for the test.
- The test date and time will be allotted on 'first come first serve basis'.
- It is not mandatory to mention test details at the time of registration. You may also inform us the test date and time later by written communication by fax or email. While stating the test details, the candidate has to mention his entire name, date of birth, name of the module, test centre, test date,test time and contact telephone nos..
- The candidate should bring a pen and scientific calculator for the test. 'Microsoft Excel' will be made available on PC only for test of FIMMDA-NSE Debt Market (Basic) Module. The candidate should reach the test centre on the test date 15 minutes prior to the scheduled test time.
- It may please be noted that NSE would not be responsible for safeguarding any identity proof brought for the purpose of verification or personal belongings and valuables such as mobile phones, books, laptops brought by the candidates in the premises while appearing for the NCFM test. The candidates are advised not to bring valuables and any other personal belongings of high value while coming for the tests and if they do bring it, it will be at their own risk and NSE will not be responsible in case the item is lost or a theft occurs of such items which are brought to the test centre.
- Please note that, as per company’s policy, once the test date and time has been allotted, the test cannot be rescheduled under any circumstances. In case you wish to take the test again, you may seek fresh enrollment by submitting registration form and test fees.
- Fees once paid shall not be refunded.
- There is absolutely no deadline for taking the NCFM tests. The candidates are registered / enrolled on all working days.
- The study material (except AMFI-Mutual Fund Modules, Corporate Governance Module and Compliance Officers Modules), will be sent to you by courier in case of test request sent to the Exchange by courier/post.
Candidates who wish to, may courier their forms to The NCFM Dept. at the following addresses depending on their choice of test center :
Test Centres :
| Sr.No. | Test Centre | Telephone and Fax Numbers | | 1 | NCFM Department,
National Stock Exchange of India Ltd.
"Exchange Plaza",
Bandra Kurla Complex,
Bandra (East),
Mumbai-400051 | Tel : 022 - 26598171-72
022 - 26598216 / 8252
022 - 26598100 - 114
Fax : 022 - 26598393 | | 2 | NCFM Department,
National Stock Exchange of India Ltd.
4th Floor,
Jeevan Vihar Building
Parliament Street
New Delhi-110001 | Tel : 011-23344313-27
Fax : 011-23366658 | | 3 | NCFM Department,
National Stock Exchange of India Ltd.
Park View Apartments,1st Floor,
99 Rash Behari Avenue,
Kolkata – 700 029 | Tel : (033) 24631802-05, 24631809-12
Fax : (033) 24631791, 24631806 | | 4 | NCFM Department,
National Stock Exchange of India Ltd.
7th Floor, Arihant Nitco Park,
90, Dr. Rashakrishnan Salai,
Mylapore,
Chennai - 600 004 | Tel : 044-28475100
Fax : 044-28473633 | | 5 | NCFM Department,
National Stock Exchange of India Ltd.
H No.3-6-322,
Mahavir House, IInd Floor,
Chamber No. 203 & 204,
Basheerbagh,
Hyderabad : 500029
| Tel : 040-23227084/85
Fax : 040-23227086 | | 6 | NCFM Department,
National Stock Exchange of India Ltd.
406 Sakar II,
Near Ellis Bridge,
Ahmedabad – 380 006 | Tel : 079-26580212 - 13
Fax : 079-26576123 |
- The study material for Mutual Funds modules is available at Association of Mutual Funds in India, 709, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai - 400 021. Telephone Nos.: 6610 1886/7, 2287 6338/9 Fax Nos.:6610 1889/6610 1916 and email: amfi@bom5.vsnl.net.in.
- Training material for Commodities Market Module prepared by NCDEX is available free of cost only to the active members of NCDEX and for the others at a charge of Rs. 500/- plus courier charges. This material can be obtained by contacting their office at Exchange Plaza, Ground Floor, Bandra Kurla Complex, Bandra East, Mumbai – 400 051. Tel no. (022) 56406789, Fax: (022) 56406899.
- The study material for Corporate Governance module is available at:
- ICSI-Centre for Corporate Research & Training
Plot No. 101, Sector 15, Institutional Area, CBD Belapur,
Navi Mumbai 400614
Phone - 27577814 - 16, Extn. 406. Fax no. 27574384
email ccrt@icsi.edu, ccrt@vsnl.com.
- Western Indian Regional Council (WIRC) of the ICSI
13 Jolly Makers Chambers - II, First Floor,
Nariman Point, Mumbai 400021
Phone 22047569, Contact person: Mr. Mani
Fax No. 22850109
email : wiro@icsi.edu
- No study material will be provided for Compliance Officers Modules. The candidates are required to refer to the relevant books, circulars, manuals etc., as per the given curriculum, on their own.
- Please note that the NCFM test can be taken at NSEIL offices on any day except for Saturday, Sunday and Exchange specified holidays.
- In case of change in the mailing address (for NCFM registered candidates), please inform the NCFM department, either by fax / email / letter separately, clearly stating the candidate’s entire name, date of birth and/or registration number, Fax number:26598393,email:ncfm@nse.co.in
- A certificate is mailed to the successful candidates within 15 days of the test. In case you do not receive the certificate within a month from the test date, please contact the NCFM department. Please note that certificate once despatched, will not be re-sent, you may arrange to get the same collected from us personally or authorising anyone along with authority letter.
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