Who can join NCFM?
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.
How to join NCFM?
One can join NCFM by registering himself for the programme by filling up 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.
Is there any deadline for taking the test?
Yes. Test fees are valid for 180 days from the date of payment. Candidates need to enroll for the test(s) within 180 days from payment of fees.
Is it necessary to take test of all modules of the NCFM?
No. A candidate can seek testing and certification in any module of his choice.
When and where to take the test?
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.
How to prepare for the test?
On submission of the prescribed form along with the test fees, the candidate is
supplied with study material for all modules EXCEPT for Corporate Governance
Module, Compliance Officers Modules, Risk Analysis & Insurance Planning Module,
Retirement Planning & Employee Benefits Module, Investment Planning Module, Tax
Planning & Estate Planning Module and Examination 5/Advanced Financial Planning
Module, Financial Modeling Module and FLIP Modules.
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,
Akruti Corporate Park, 1st Floor, Near G.E. Garden, LBS Marg, Kanjurmarg (West),
Mumbai 400078. Tel No: 022-66406789.
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.
Can I postpone the Test?
Once a test date and time slot have been allotted, the test can not be rescheduled. You may seek fresh enrollment.
How to take the test?
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 alongwith relevant 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. If
required, 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 negative
marking is applicable to all modules, except Beginners’ Modules, FPSB Modules,
Financial Modeling Module and CPFA Module
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 the same.
When do I get my result?
Marks are provided to the candidate immediately on submission of the answer
paper. A certificate is mailed to the successful candidates within 15 to 20
working days from the test date. However, in case of Risk Analysis & Insurance
Planning Module, Retirement Planning & Employee Benefits Module, Investment
Planning Module and Tax Planning & Estate Planning Module, a certificate is
mailed within 30 to 40 days from the test date.
Can I get any assistance during 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 back-up sheet has be be filled up simultaneously by the candidate
during the test. 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.
How long is the Certification valid?
The certificate validity differs for different modules. To view the list of all
modules with their certificate validity and fees details, please click here
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.
Can I cancel my scores?
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.
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/-
Score Reporting
Scorecard is issued on the spot to the candidate after the completion of test (only if photograph uploaded). 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.
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 nearest NSE office. Candidates can also avail of the
ONLINE mode of payment wherein payment can be made by credit card / debit card /
netbanking / cash payment in designated ICICI branches. Fees once paid shall not
be refunded. Payment for FPSB Modules i.e. Risk Analysis & Insurance Planning
Module, Retirement Planning & Employee Benefits Module, Investment Planning
Module, Tax Planning & Estate Planning Module and Examination 5/Advanced
Financial Planning should be made by the ONLINE mode of payment only.
Who should I address my queries?
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 :
Registration fee is currently exempted. You are required to
pay only enrollment fees. Please refer to the table for module fees.
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 nearest NSE office. Candidates can
also avail of the ONLINE mode of payment wherein payment can be made by credit
card / debit card / netbanking / cash payment in designated ICICI branches.
Payment for FPSB Modules i.e. Risk Analysis & Insurance
Planning Module, Retirement Planning & Employee Benefits Module, Investment
Planning Module, Tax Planning & Estate Planning Module and Examination
5/Advanced Financial Planning Module should be made by the ONLINE mode of
payment only.
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.
Test fees are valid for 180 days from the date of payment.
Candidates need to enroll for the test(s) within 180 days from payment of fees.
The candidate should bring a pen and scientific calculator
for the test. 'Microsoft Excel' will be made available on the PC only for tests
of FIMMDA-NSE Debt Market (Basic) Module, Risk Analysis & Insurance Planning
Module, Retirement Planning & Employee Benefits Module, Investment Planning
Module, Tax Planning & Estate Planning Module, Examination 5/Advanced Financial
Planning Module and FLIP Modules. In case of NSEiT centres, the Open Office
Application will be made available instead of Excel. The candidate should reach
the test centre on the test date 30 minutes prior to the scheduled test time.
It may please be noted that mobile phones will not be allowed
inside the test room. 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 tests. 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 nor will there be any refund. In case you wish to take the test
again, you may seek fresh enrollment by submitting registration form and test
fees.
The study material (except Corporate Governance Module,
Compliance Officers Modules, Risk Analysis & Insurance Planning Module,
Retirement Planning & Employee Benefits Module, Investment Planning Module, Tax
Planning & Estate Planning Module, Examination 5/Advanced Financial Planning
Module, Financial Modeling Module and FLIP Modules), will be sent to you by
courier/ post so as to reach within seven working days.
Candidates who wish to, may courier their forms (EXCEPT for Risk Analysis &
Insurance Planning Module, Retirement Planning & Employee Benefits Module,
Investment Planning Module, Tax Planning & Estate Planning Module and
Examination 5/Advanced Financial Planning Module) to The NCFM Dept. at the
following addresses depending on their choice of test center:
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.
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 :
022 26598393, email:ncfm@nse.co.in
