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Series VI · Beginner

Depository Operations

Benchmark for people working in depository and depository participant operations.

Educational content only. VIA Capital does not provide buy/sell calls, tips, or personalized advice. Always do your own research.

Questions

100

Duration

120 min

Pass mark

60%

Negative marking

25%

Exam fee

₹1,500 + payment gateway charges

Validity

3 years

Why this certification matters

Benchmark for people working in depository and depository participant operations.

Who should take it: DP staff and depository operations teams.

How VIA Capital preparation works

One clear path. Built for students, and built for discipline.

  1. Step 1

    Read

    Slide through the study book chapter by chapter.

  2. Step 2

    Practise

    Chapter questions with answer and explanation.

  3. Step 3

    Chapter tests

    Beginner and advanced tests for each chapter.

  4. Step 4

    Full mock sets

    100-question papers in a real exam screen.

  5. Step 5

    Review

    See every mistake and why, then improve.

Why prepare with VIA Capital

Student first

Simple screens, small steps, no clutter.

Every answer explained

If you get one wrong, you learn why.

Help on every question

Report anything confusing, our team fixes it.

Honest

Independent practice. We never claim to be NISM or promise a pass.

Practice pass · NISM Series VI

Everything you need to prepare, in one pass

  • Digital study book, read chapter by chapter
  • Chapter-wise questions to understand every chapter
  • Chapter tests, beginner and advanced
  • Full mock sets as questions are added
  • Answer and explanation for every question
  • Real exam screen with timer and question palette

Why we charge a small amount

This is not the NISM exam fee. It helps us run the platform: our research team writing and checking questions, keeping explanations accurate, and the technology behind the study book and exam screen.

ResearchQuestion writingTechnology
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  • Payment record in your accountYour payment and expiry date are saved to your VIA Capital account.

One simple package

…

11 days access · one series · incl. taxes

Try 10 questions free Start studying

The official NISM exam fee is paid separately to NISM.

Where it takes you

Covers depositories, demat accounts and DP operations.

Depository participant staff

Roles are common examples. Whether a certification is required for a role depends on SEBI rules and the employer; confirm on nism.ac.in.

Full syllabus · 13 chapters

Matches official NISM curriculum · checked 30 September 2026
  1. 1Chapter 1Introduction to the Indian Capital Market
    1. 1.1Introduction
    2. 1.2Capital Market
    3. 1.3Regulatory Environment
    4. 1.4Regulators
  2. 2Chapter 2Introduction to Depository
    1. 2.1Need for a Depository System
    2. 2.2What is a Depository?
    3. 2.3Legal Framework
    4. 2.4Functions of a Depository
  3. 3Chapter 3Depository and its Business Partners
    1. 3.1Depository Participants
    2. 3.2Clearing Corporation (CC)
    3. 3.3Issuers and Registrar and Transfer Agents
  4. 4Chapter 4Functions of Depository Participant, Account Opening
    1. 4.1Introduction
    2. 4.2Types of Account
    3. 4.3Beneficial Owner Account
    4. 4.4Clearing Member Account
    5. 4.5Closure of Account
    6. 4.6Freezing of Accounts
    7. 4.7Changes in Client Details
    8. 4.8Implementation of the framework for Accreditation of Investors
    9. 4.9Mapping of Unique Client Code (UCC) with demat account of the clients
  5. 5Chapter 5Functions of Depository Participant, Account Operations
    1. 5.1Introduction to Basic Services Demat Account (BSDA)
    2. 5.2Operations of a Joint Account
    3. 5.3Internet Based Depository Operations of NSDL
    4. 5.4Internet Based Depository Operations of CDSL
  6. 6Chapter 6Functions of Depository Participant, Transmission and Nomination
    1. 6.1Transmission of Securities
    2. 6.2Nomination for Securities
    3. 6.3Transmission of Securities
  7. 7Chapter 7Functions of Depository Participant, Dematerialisation
    1. 7.1Introduction
    2. 7.2International Securities Identification Number (ISIN)
    3. 7.3Dematerialisation Process
    4. 7.4Rematerialisation
    5. 7.5Conversion of Mutual Fund units represented by Statement of Account (SOA) into dematerialized form through a DP / De-statementization
    6. 7.6Reconversion of Mutual Fund Units into Statement of Account Form (SOA Form) / Restatementization
    7. 7.7Credit of units of AIFs in dematerialised form
  8. 8Chapter 8Functions of Depository Participant, Trading and Settlement
    1. 8.1Introduction
    2. 8.2Settlement of Off-Market Transactions
    3. 8.3Settlement of Market Transactions
    4. 8.4Interoperability
    5. 8.5Procedure for Subscription and Redemption of Mutual Fund Units
    6. 8.6Handling of Clients’ Securities by Trading Members/Clearing Members settlement
    7. 8.7Government of India notification regarding the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019
  9. 9Chapter 9Special Services, Pledge & Hypothecation
    1. 9.1Introduction
    2. 9.2Procedure for Pledge/Hypothecation
    3. 9.3Recording of Non Disposal Undertaking (NDU) in the Depository System
    4. 9.4Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System
  10. 10Chapter 10Special Services, Public Offering / Corporate Actions
    1. 10.1Concept of Corporate Actions
    2. 10.2Important Terms
    3. 10.3Procedure for Corporate Actions
    4. 10.4Public Issue
  11. 11Chapter 11Special Services, Debt Instruments & Government Securities
    1. 11.1Introduction
    2. 11.2Certificate of Deposit (CD)
    3. 11.3Commercial Paper (CP)
    4. 11.4Government Securities
  12. 12Chapter 12Foreign Portfolio Investors (FPI)
    1. 12.1Introduction
    2. 12.2Eligibility criteria of FPI applying for FPI Registration to a Designated Depository Participant
  13. 13Chapter 13Investor Services
    1. 13.1Introduction to Redressal of complaints through (SCORES)
    2. 13.2Transfer of Shares to Demat Account of IEPF Authority
    3. 13.3Annexure 1: Process of Aadhar e-KYC of Resident Investors in the Securities Markets under section 11A of the PMLA, 2002
    4. 13.4Annexure 2: Use of Technology for KYC
    5. 13.5Annexure 3: Operational Mechanism for Margin Pledge
    6. 13.6Annexure 4: Framework for Utilization of Client’s Pledged Securities for Exposure and Margin

Source: NISM curriculum page. Chapter names and order follow NISM; sub-topic numbering (1.1, 1.2) is added by VIA Capital for easy reading. NISM may revise its curriculum; always confirm on nism.ac.in.

Quick revision · flashcards

NISM Series VI flashcards

Flip 10 cards free as a demo. The practice pass opens every card, chapter by chapter.

NISM Series VI: questions people ask

What is NISM Series VI?

NISM-Series-VI: Depository Operations Certification Examination. Benchmark for people working in depository and depository participant operations.

What is the exam pattern?

100 questions, 100 marks, 120 minutes. Pass mark 60%. Negative marking of 25% of the marks for a question.

What is the fee and validity?

NISM lists the fee as ₹1,500 plus payment gateway charges. The certificate is valid for 3 years and is issued only if your PAN is updated. Always confirm on nism.ac.in.

Is VIA Capital official NISM material?

No. VIA Capital is an independent preparation platform. Use the official NISM workbook and register only on the NISM website.

How many questions are in the NISM Series VI exam?

NISM lists 100 questions for 100 marks, to be answered in 120 minutes.

What is the passing score for NISM Series VI?

You need 60% (60 of 100 marks) to pass.

Is there negative marking in NISM Series VI?

Yes. 25% of the marks for a question are deducted for each wrong answer, so guessing has a cost.

Who should take NISM Series VI?

DP staff and depository operations teams.

How do I prepare for NISM Series VI on VIA Capital?

Follow the five steps: read each chapter, practise questions, pass the chapter tests, take the full mock tests, then sit the final practice exam. Your progress is saved to your account.

Where do I register for the real exam?

Only on the official NISM website, nism.ac.in. VIA Capital is an independent preparation platform and cannot book or conduct the NISM exam.

Ready to test yourself?

100 questions · 120 minutes · 25% negative marking. First 10 questions free, then full papers with the practice pass.

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VIA Capital does not take exam registrations. Enrolment, fees and certificates are handled only by NISM. Follow these steps on their website.

  1. 1

    Create your NISM account

    Register on the official NISM certification portal with your name exactly as on your ID, plus email and mobile.

  2. 2

    Choose the examination

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  3. 3

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  4. 4

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  5. 5

    Keep your confirmation

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Go to NISM certification portal Official NISM website

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