NISM Series XIII Registration & Exam Dates
There is no annual Series XIII exam date. Registration is continuous and you pick your own slot. Here is how it works.
NISM Series XIII has no exam date. It is an on-demand exam: you create an account on NISM's certification portal, choose the Common Derivatives exam, pick a test centre and a slot that suit you, and pay the fee. The fee is ₹3,000, and NISM's page adds that payment gateway charges are extra.
The certificate is valid for 3 years from the exam date. Give your PAN at registration: NISM issues the passing certificate only to candidates who have furnished or updated their Income Tax Permanent Account Number in their registration details.
How to register, step by step
Everything happens on NISM's own certification portal. No agent, coaching class or third-party site can book a slot for you.
- 1
Create your account on the NISM certification portal
Start from the Series XIII page on NISM's website and follow its Register link. One account serves every NISM exam.
- 2
Fill in your details and your PAN
Keep your name exactly as it appears on your identity proof. Without a PAN in your registration details you get only a temporary mark sheet at the centre, not the certificate.
- 3
Enrol for NISM-Series-XIII: Common Derivatives
NISM does not allow a change of module after enrolment, so check the name twice before you pay.
- 4
Pick a test centre, date and time slot
Book a slot that leaves you time to finish the ten-unit workbook, because an unused slot forfeits the fee.
- 5
Pay the fee
₹3,000 plus payment gateway charges, paid online on the portal.
- 6
Keep the confirmation and read the candidate instructions
Note the centre address, reporting time and the identity documents NISM asks you to carry.
Registration facts at a glance
| Item | What NISM states |
|---|---|
| Exam date | None. Book your own slot on the portal |
| Fee | ₹3,000, payment gateway charges extra |
| Where | NISM certification portal, at a test centre |
| PAN | Required in your registration details for the passing certificate |
| Certificate | Issued within two weeks of the exam if PAN was given; temporary mark sheet at the centre |
| Validity | 3 years from the date of the exam |
| Renewal | Common Derivatives CPE or eCPE in the 12 months before expiry, or pass the exam again |
| Reschedule | On your own through the portal up to four days before the slot |
| Refund | Only for a failed enrolment or a double debit; a no-show forfeits the fee |
Who must take Series XIII, and who may
SEBI mandates a derivatives certificate for approved users and sales personnel of trading members in the equity derivatives, currency derivatives and interest rate derivatives segments. The exam exists as an additional choice: one paper that covers all three segments, instead of Series I, IV and VIII taken separately. If your desk trades two or three segments, XIII saves separate bookings and fees.
NISM's page adds one more line, worded as follows: an entity engaged in the sale or distribution of mutual fund products shall also be eligible to offer products under Specialized Investment Funds (SIF), subject to having passed NISM Series XIII. It makes XIII one route to SIF distribution for an existing mutual fund distributor; NISM has since launched Series V-D as the dedicated SIF distributors exam.
Anyone else, including students and professionals, may take the exam voluntarily; NISM's FAQ says so.
Free account, this exam preselected.
Validity and renewal: CPE, eCPE or re-exam
The certificate runs for 3 years from the exam date. NISM has specified a Common Derivatives CPE programme for re-validation. In the 12 months before your certificate expires you can complete that programme, and the certificate is re-validated for three more years from its expiry date, not from the day of the programme. CPE is a one-day classroom programme of about six hours with a test at the end. eCPE is the online form: pre-recorded sessions of about 10 to 11 hours in all plus an evaluation test, on a laptop or desktop with a webcam.
Miss the window and the certificate expires. NISM's CPE page is explicit: a person whose certificate has expired has to pass the Series XIII exam again to get a new one. The one exception is NISM's grandfather category (associated persons aged 50 or more on May 13, 2009), who may obtain a first certificate through CPE.
If you do not pass, or cannot attend
A failed attempt means a fresh enrolment: book a new slot and pay the fee again. NISM's Series XIII pages do not set out a rule on the number of attempts.
If you cannot attend, reschedule yourself on the portal at least four days before the slot. Within four days of the slot there is no self-service reschedule, and a candidate who does not appear forfeits the fee. NISM reschedules on its own only for centre-side failures such as a power, internet or application outage.
How Series XIII tests the registration rules
Unit VIII (Legal and Regulatory Environment) and Unit X (Sales Practices, Code of Conduct and Investor Protection Measures) can touch on certification itself: which SEBI regulations require approved users and sales personnel to be certified, how long a certificate is valid, and the CPE route to renewal. The trap is the renewal window. Candidates answer that CPE can be done any time; the correct answer is during the 12 months preceding expiry, and an expired certificate means re-taking the exam.
FAQs
When is the NISM Series XIII exam date?expand_more
There is no exam date. NISM runs Series XIII on demand all year. You register on the certification portal and pick a test centre, date and time slot yourself.
What is the NISM Series XIII registration fee?expand_more
₹3,000, and NISM's exam page states that payment gateway charges are extra. The page says nothing about GST.
How many times can I give the NISM Series XIII exam?expand_more
NISM's Series XIII exam page and FAQ do not set out an attempt rule. Each attempt is a new enrolment with the full fee. Rescheduling an existing slot is different: you can do it yourself on the portal up to four days before the slot.
Can I take the NISM XIII exam from home?expand_more
No. Series XIII is a test-centre exam. NISM marks its remote-proctored exams separately on its certifications list, and XIII is not one of them. Only the eCPE renewal programme is taken online.
Is NISM Series XIII mandatory for mutual fund distributors?expand_more
Not for ordinary mutual fund distribution, which is Series V-A. NISM's page says a mutual fund distributor that has passed Series XIII is eligible to offer SIF products, and NISM now also runs Series V-D for SIF distributors.
Next steps
Create a free accountStart now, before you pay NISM ₹3,000.