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NISM Series-VI: Depository Operations Exam

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NISM Series-VI: Depository Operations Exam

The NISM Series-VI: Depository Operations Certification Examination is designed to assess your knowledge and understanding of the Indian depository system and its operations. Earning this certification demonstrates your competency in handling depository-related tasks and effectively serving clients who invest in dematerialized securities.

Who Should Take This Exam?

This NISM Series-VI exam is ideal for individuals working in the securities market, particularly those involved in:

  • Depository Participants (DPs): Employees handling client accounts, account opening, transactions, and other depository services.
  • Stock Brokers & Investment Advisors: Professionals dealing with dematerialized securities and interacting with DPs on behalf of clients.
  • Custodian Banks: Individuals managing client securities held in electronic form within the depository system.

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).

NISM Series-VI: Depository Operations Exam FAQs

There will only be multiple-choice and multi-response questions covered in the exam.

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.

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.

Once purchased, the practice exams can be access for the lifetime.

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.

Yes our experts frequently blog about the tips and tricks for exam preparation.

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.

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.

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.

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.

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.

The certificate will be valid for 3 years from the date of the examination.

There will be 100 questions in the exam.

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).

The fees NISM Series VI: Depository Operations Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).

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.

The candidate has to secure 60% in order to pass the exam.

There will be 100 questions which have to be completed in 120 minutes.

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

There are no prerequisites required for NISM Series VI: Depository Operations Exam.