NISM Series VI Depository Operations: pattern, syllabus and full mock tests
NISM Series VI is the certification for associated persons of a SEBI-registered depository participant who deal with clients or their securities, handle investor grievances, work in internal control or risk management, or keep the related books and records.
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Access exam-specific mock tests directly from your Android device.Trusted by learners and rated 4.6★ on Google Play.NISM-Series-VI: Depository Operations Certification Examination is conducted by the National Institute of Securities Markets (NISM), the institute set up by SEBI. NISM Series VI is the certification for associated persons of a SEBI-registered depository participant who deal with clients or their securities, handle investor grievances, work in internal control or risk management, or keep the related books and records.
Eligibility Criteria
schoolEducation
NISM publishes no minimum educational qualification for this exam.
cakeAge Limit
No prescribed minimum age.
flagNationality
No nationality condition is published.
Exam Pattern
NISM Series VI is a single computer-based exam of 100 questions for 100 marks, in 2 hours. The passing score is 60% (60 marks), with negative marking of 25% of a question's marks for each wrong answer. The certificate is valid for 3 years. Chapter weightages are from NISM's workbook, version March 2026.
NISM Series VI Certification Exam
Computer-based120 min| Section | Questions | Marks |
|---|---|---|
| Introduction to the Indian Capital Market | 5 | 5 |
| Introduction to Depository | 10 | 10 |
| Depository and its Business Partners | 12 | 12 |
| Functions of Depository Participant: Account Opening | 12 | 12 |
| Functions of Depository Participant: Account Operations | 3 | 3 |
| Functions of Depository Participant: Transmission and Nomination | 5 | 5 |
| Functions of Depository Participant: Dematerialisation | 9 | 9 |
| Functions of Depository Participant: Trading and Settlement | 13 | 13 |
| Special Services: Pledge & Hypothecation | 10 | 10 |
| Special Services: Public Offering / Corporate Actions | 7 | 7 |
| Special Services: Debt Instruments & Government Securities | 10 | 10 |
| Foreign Portfolio Investors (FPI) | 2 | 2 |
| Investor Services | 2 | 2 |
Key Topics & Syllabus
1. Introduction to the Indian Capital Market (5 marks)
- check_circleCapital Market
- check_circleRegulatory Environment
- check_circleRegulators
2. Introduction to Depository (10 marks)
- check_circleNeed for a Depository System
- check_circleWhat is a Depository?
- check_circleLegal Framework
3. Depository and its Business Partners (12 marks)
- check_circleDepository Participants
- check_circleClearing Corporation (CC)
- check_circleIssuers and Registrar and Transfer Agents
4. Functions of Depository Participant: Account Opening (12 marks)
- check_circleTypes of Account
- check_circleBeneficial Owner Account
- check_circleClearing Member Account
5. Functions of Depository Participant: Account Operations (3 marks)
- check_circleIntroduction to Basic Services Demat Account (BSDA)
- check_circleOperations of a Joint Account
6. Functions of Depository Participant: Transmission and Nomination (5 marks)
- check_circleTransmission of Securities
- check_circleNomination for Securities
- check_circleTransmission of Securities (procedures)
7. Functions of Depository Participant: Dematerialisation (9 marks)
- check_circleInternational Securities Identification Number (ISIN)
- check_circleDematerialisation Process
- check_circleRematerialisation
8. Functions of Depository Participant: Trading and Settlement (13 marks)
- check_circleSettlement of Off-Market Transactions
- check_circleSettlement of Market Transactions
9. Special Services: Pledge & Hypothecation (10 marks)
- check_circleProcedure for Pledge/Hypothecation
- check_circleRecording of Non Disposal Undertaking (NDU) in the Depository System
- check_circleMargin obligations to be given by way of Pledge/ Re-pledge in the Depository System
10. Special Services: Public Offering / Corporate Actions (7 marks)
- check_circleConcept of Corporate Actions
- check_circleImportant Terms
- check_circleProcedure for Corporate Actions
11. Special Services: Debt Instruments & Government Securities (10 marks)
- check_circleCertificate of Deposit (CD)
- check_circleCommercial Paper (CP)
- check_circleGovernment Securities
12. Foreign Portfolio Investors (FPI) (2 marks)
- check_circleEligibility criteria of FPI applying for FPI Registration to a Designated Depository Participant
13. Investor Services (2 marks)
- check_circleIntroduction to Redressal of complaints through (SCORES)
- check_circleTransfer of Shares to Demat Account of IEPF Authority
Inside NISM Series VI Premium
Full-length mock tests
Timed 120-minute papers in the NISM VI pattern, scored against the 60% pass mark.
Chapter-wise question bank
Practise each of the 13 workbook chapters as a separate drill.
AI study plan
Tells you which chapter to drill next, based on where you're losing marks.
Every answer explained
A worked explanation on every question, so a wrong answer becomes a fixed gap.
How to Prepare
Register on the NISM certification portal
Create an account on NISM's certification portal and complete your profile.
Select the exam and pay the fee
Choose NISM-Series-VI: Depository Operations Certification Examination and pay ₹1,500 plus payment gateway charges online.
Book your test slot
Schedule the exam on any available date.
Study the official workbook
NISM's workbook (version March 2026) is the syllabus, and its weightage table sets the paper.
Take and pass the exam
100 questions in 2 hours. Score at least 60%, with 25% negative marking per wrong answer.
Important Dates (Tentative)
| Event | Expected Date |
|---|---|
| Certificate validity | 3 years from passing |
* Dates are indicative based on historical patterns. Check the official website for confirmed dates.
Prepare for NISM Series VI the smarter way
Free mock tests, chapter-wise practice questions and a personalized study plan, built around the latest NISM Series VI pattern.
NISM Series VI guides
- SyllabusFull NISM Series VI (Depository Operations) syllabus: all 13 chapters with exam weightage, plus free practice on the current workbook.
- Exam PatternNISM Series VI exam pattern: 100 marks in 2 hours, 0.25 negative marking, pass at 60 out of 100 (60%). Verify with NISM.
- EligibilityWho must hold NISM Series VI (Depository Operations), who can take it, and what SEBI actually requires. There is no minimum qualification, so here is the real answer.
- Registration & DatesHow to register for NISM Series VI: there are no fixed exam dates, so you book your own slot. Fee ₹1,500, 3-year validity, re-attempt rules.
- Study MaterialNISM Series VI study material reviewed honestly: the official workbook, what it does and doesn't cover, and what to add. Free practice included.
- PreparationA realistic NISM Series VI study plan: how long it takes and chapter order by weightage. No pass rate has been published yet for this certification.
- FAQsCommon NISM Series VI questions answered: fee ₹1,500, 3-year validity, 0.25 negative marking, re-attempts and CPE renewal.
- Negative markingHow negative marking works on the NISM Series VI paper: 0.25 marks off per wrong answer against 100 total, what that means for guessing, and when to skip.
- Depository participantWhat a depository participant is, how it differs from NSDL and CDSL, who can register as a DP, what it must do for you, and how NISM Series VI tests it.
NISM Series VI FAQ
Is NISM 6 the same as NISM Series VI?
Yes. NISM 6 and NISM Series VI are the same Depository Operations certification exam.
Who needs NISM Series VI?
NISM Series VI is the certification for associated persons of a SEBI-registered depository participant who deal with clients or their securities, handle investor grievances, work in internal control or risk management, or keep the related books and records.
What is the passing mark?
60%, that is 60 marks out of 100.
Is there negative marking?
Yes. Each wrong answer costs 25% of that question's marks.
What is the exam fee?
₹1,500 plus payment gateway charges, paid directly to NISM.
How long is the certificate valid?
3 years.
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