NISM Series VI: Depository Operations
NISM Series VI: Depository Operations
NISM Series VI: Depository Operations
The examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in (a) dealing or interacting with clients, (b) dealing with securities of clients, (c) handling redressal of investor grievances, (d) internal control or risk management, (e) activities having a bearing on operational risk, or (f) maintenance of books and records pertaining to the above activities.
The certification aims to enhance the quality of services as rendered by the Depository Participants.
Target Audience
The following persons can take NISM-Series-VI: Depository Operations Certification Examination:
1. Associated persons engaged or employed by a registered depository participant in: dealing or interacting with clients; dealing with securities of clients; handling redressal of investor grievances; internal control or risk management; activities having a bearing on operational risk; or maintenance of books and records pertaining to the above activities.
2. Interested students/professionals
3. Any other individuals
Prerequisite for the exam
There are no prerequisites required for NISM Series VI: Depository Operations Exam.
Examination Objectives:
On successful completion of the examination the candidate should:
• Know the basics of the Indian securities market and the depository system, the need for depository and the key features of the depository system in India.
• Understand the institutional structure of the depository system in India and the business partners of a depository.
• Understand the regulatory framework in which the depositories and its DPs function, their eligibility criteria, registration procedure, rights and obligations etc.
• Know the various functions of the Depository and its Depository Participants (DPs) such as dematerialisation, trading and settlement, pledging and hypothecation.
• Understand how a demat account is opened, documents required to open an account and significance of Power of Attorney (POA).
Exam Format and Information
Exam Name NISM Series VI: Depository Operations | Exam Code 0 |
| Exam Duration 120 mins | Exam Format Multiple Choice |
| Exam Type 0 | Number of Questions 100 Questions |
| Validity 3 Years | Exam Fee Rs 1500 |
| Exam Language English | Pass Score 60% and above |
NISM Series VI: Depository Operations FAQs
What variety of questions appears in the exam?
There will only be multiple-choice and multi-response questions covered in the exam.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
How the exam scores are calculated?
After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for the NISM Series VI: Depository Operations exam which can be used before the final purchase for complete test.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the NISM Series VI: Depository Operations exam cost.
How do I renew my certificate?
To renew your current certificate, you need to appear for NISM CPE for Depository Operations or successfully pass the NISM Depository Operations Certification Examination before the expiry of such certificate.
Do TestprepTraining provide practice set questions NISM Series VI: Depository Operations Exam?
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
What is NISM Series VI: Depository Operations Exam?
The examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in (a) dealing or interacting with clients, (b) dealing with securities of clients, (c) handling redressal of investor grievances, (d) internal control or risk management, (e) activities having a bearing on operational risk, or (f) maintenance of books and records pertaining to the above activities.
The certification aims to enhance the quality of services as rendered by the Depository Participants.
What is the validity period of the certificate?
The certificate will be valid for 3 years from the date of the examination.
What number of questions will there be in the exam?
There will be 100 questions in the exam.
Examination Objectives:
On successful completion of the examination the candidate should:
• Know the basics of the Indian securities market and the depository system, the need for depository and the key features of the depository system in India.
• Understand the institutional structure of the depository system in India and the business partners of a depository.
• Understand the regulatory framework in which the depositories and its DPs function, their eligibility criteria, registration procedure, rights and obligations etc.
• Know the various functions of the Depository and its Depository Participants (DPs) such as dematerialisation, trading and settlement, pledging and hypothecation.
• Understand how a demat account is opened, documents required to open an account and significance of Power of Attorney (POA).
What is the fee structure of the exam?
The fees NISM Series VI: Depository Operations Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).
What is the assessment structure?
The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question.
What is the passing score of the exam?
The candidate has to secure 60% in order to pass the exam.
How many questions will be there in the exam?
There will be 100 questions which have to be completed in 120 minutes.
Who are the intended audience for the exam?
The following persons can take NISM-Series-VI: Depository Operations Certification Examination:
1. Associated persons engaged or employed by a registered depository participant in: dealing or interacting with clients; dealing with securities of clients; handling redressal of investor grievances; internal control or risk management; activities having a bearing on operational risk; or maintenance of books and records pertaining to the above activities.
2. Interested students/professionals
3. Any other individuals
Is there any prerequisite for the exam?
There are no prerequisites required for NISM Series VI: Depository Operations Exam.