NISM-Series-VI: Depository Operations Certification Examination

Frequently Asked Questions about DOCE Exam

When was NISM Series VI DOCE Exam Launched?

NISM DOCE Exam was launched in Feb 2011.

Who can write / should write this exam?

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.

I already hold NSDL Depository Operations Certificate / BSE Certification in Central Depository. Do I have to write NISM Depository Exam?

NSDL Depository Operations, BSE Certification in Central Depository Certificates issued till March 2011 are valid till their expiry. From April 2011 the requisite standard is NISM Depository Exam.

Which Exam should I write now? Which exam is Valid now?

NISM Depository Operations Certification Exam is the benchmark exam from April 2011 for persons employed by a registered Depository Participant.

NSDL Depository Operations Exam, BCCD exams are not requisite Benchmark exams from April 2011.

Can I renew my certificate or should I compulsorily take up the exam?

You can attend NISM Depository Operations CPE for 2 days before the expiry of the certificate and can renew the certificate. No need to take up the exam again.

But you have to attend NISM DOCE CPE before the expiry of the certificate. Candidates whose certificate has expired should take up NISM Series VI DOCE Exam again.

What kind of topics are covered in the syllabus?

  • Basics of the Indian security market and depository system.
  • Business partners of a Depository. DPs function, their eligibility criteria, registration procedure, rights and obligations etc
  • Functions of the Depository and its Depository Participants (DPs) such as dematerialization, trading and settlement, pledging and hypothecation.
  • Process of opening a demat account, documents required to open an account and the significance of Power of Attorney (POA).

Whether furnishing PAN Number is mandatory?

Passing Certificate will be issued only to those candidates who have furnished/updated their Income Tax Permanent Account Number (PAN) in their registration details

How to register?

You can register for NISM DOCE Exam through NISM or NSE or BSE Website.

Study material for preparing for NISM DOCE examination.

Yes. We do Provide Study Notes for NISM Depository Operations Exam. The study notes are based on NISM Work book. It covers all the important concepts. It consists of 25 pages. However candidates are advised to go through NISM Work Book.

Registered members can download our study notes from members page. Register now (free)

How can I appear for NISM DOCE Model Test? Where do I get sample questions papers?

We offer Model Test demo and premium based on latest syllabus. Register to take Model Test

Syllabus Outline for DOCE Exam

NISM DOCE Syllabus Weightages (Syllabus wise question %)
Unit 1: Introduction to Securities Market 5%
Unit 2: Introduction to Depository 10%
Unit 3: Depository and its business partners 12%
Unit 4: Functions of DP - Account Opening 12%
Unit 5: Functions of DP - Transmission & Nomination 5%
Unit 6: Functions of DP - Dematerialisation 9%
Unit 7: Functions of DP - Trading and Settlement 12%
Unit 8: Functions of DP - Pledge and Hypothecation 10%
Unit 9: Functions of DP - Corporate Action 5%
Units 10: Functions of DP - Public Issues 5%
Unit 11: Functions of DP - Debt and Government Securities 10%
Unit 12: Additional Services – Foreign Portfolio Investor 2%
Unit 13: Additional Services – Rajiv Gandhi Equity Saving Schemes 1%
Additional Services - Basic Services Demat Account 2%

Assessment Structure: Exam Pattern for NISM DOCE

DURATION 120 Minutes
NO. OF QUESTIONS 100 one marks
MAXIMUM MARKS 100
PASS MARK 60
NEGATIVE MARK 25% FOR WRONG ANSWERS
CERTIFICATE VALIDITY 3 YEARS
EXAM FEES Rs 1500/-