Fees & Payment7 min readUpdated for 2026
NISM Certification Fees Structure 2026: Exam, CPE & Reschedule Cost
A complete transparent directory of official NISM examination fees, specialized module tariffs, CPE renewal pricing, payment gateway charges, and how to claim corporate GST reimbursement.
SurePass Finance Operations·Reviewed against official SEBI & NISM bulletins
Quick Facts & Exam At-A-Glance
Standard Exam Fee₹1,500 + 18% GST (Total: ₹1,770)
Specialized Exam Fee₹3,000 + 18% GST (Total: ₹3,540)
CPE Renewal Fee₹2,500 + 18% GST (Total: ₹2,950)
Applicable GST Rate18% Goods & Services Tax
Overview & Context
NISM examination fees are uniform across India and regulated by SEBI guidelines. While the majority of certifications are priced at the base standard tier, certain executive and institutional licenses command higher specialized pricing.
Official NISM Fee Schedule by Series
Standard Modules: ₹1,500 + 18% GST (₹1,770 All-Inclusive)
- NISM Series V-A: Mutual Fund Distributors
- NISM Series VIII: Equity Derivatives
- NISM Series XV: Research Analyst
- NISM Series I: Currency Derivatives
- NISM Series VI: Depository Operations
- NISM Series VII: Securities Operations & Risk Management (SORM)
- NISM Series XXI-A: Portfolio Management Services (PMS) Distributors
Specialized Executive Modules: ₹3,000 + 18% GST (₹3,540 All-Inclusive)
- NISM Series IX: Merchant Banking
- NISM Series X-A: Investment Adviser (Level 1)
- NISM Series X-B: Investment Adviser (Level 2)
- NISM Series XIX-C: Alternative Investment Fund (AIF) Managers
- NISM Series XXI-B: Portfolio Managers (Principal Officers)
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1Fee Calculation & GST
What is the total fee payable (inclusive of 18% GST) for registering for NISM Series V-A or NISM Series VIII?
Common Search Queries
Frequently Asked Questions (FAQ)
Direct answers to the most common queries searched on Google.
No. NISM follows a strict non-refundable policy. If you fail to appear for your test slot, you will be marked absent and your fee will be forfeited.