Taking into account international experience and the needs of the Indian financial markets, National Stock Exchange introduced in 1998 a facility for testing and certification by launching NSE's Certification in Financial Markets (NCFM).

NCFM is an online testing and certification program. It tests the practical knowledge and skills required to operate in the financial markets. Tests are conducted in a secure and unbiased manner and certificates awarded based on merit of the candidate to qualify the on-line test.

The entire process of testing, assessing and scores reporting in the NCFM is fully automated. The system is operated through an intranet facility by using a central World Wide Web server with terminals located at each of the designated test centers to be used as an examination front end. Communication between the central server and the test centers is achieved through VSAT/leased line network.

The Test is also offered through the Internet to enable candidates outside the designated test centers to take tests at their convenience. This allows flexibility in terms of testing centers, dates and timing and provides easy accessibility and convenience to candidates.

The easy accessibility as well as flexibility involved in the NCFM programmed has resulted in its wider acceptance among market intermediaries, students and regulators.

Exam Registration

Welcome to NCFM Online Registration NCFM is an online testing system, a revolutionary concept in administration of examinations and tests the practical knowledge and skills required to operate in the financial markets. It conducts tests in a secure and unbiased manner and awards certificates based on relative merits, thus ensuring that the caliber of persons entering this field is kept high in the best interests of a mature and vibrant market.

To continue with our Endeavour to provide innovative solutions, NSE has launched 'NCFM On-line Registration and Enrollment (NCFM-ORE)' facility.
For online registration/payment/enrollment please click here.

Features of On-line registration:

  • On-line registration and access for updating candidate profile.
  • Different modes for payment of fees.
  • Ability to schedule tests for any Exchange specified test centers as per requirement.
  • Generation of Hall ticket & checking of account balances.

Forth Coming Batch

NISM Series V-A: Mutual Fund


Depository Operation


NISM SeriesI:Currency Module


Enquiry Form