What is the NISM VI exam?
The NISM Series VI: Depository Operations Certification is a SEBI-mandated qualifying exam for individuals working in depository participant (DP) operations, settlement, and back-office roles in India. It is conducted by the National Institute of Securities Markets (NISM) and is required for staff at DPs of NSDL and CDSL, settlement teams at brokers, and registrars and transfer agents (RTAs) handling corporate actions.
What this practice test covers
- Depository system structure: SEBI, NSDL, CDSL, and depository participants
- Account opening, KYC, and documentation for individual, NRI, HUF, and corporate accounts
- Dematerialisation and rematerialisation process flows, forms, and timelines
- Settlement: pay-in, pay-out, early pay-in, auction, and clearing corporations
- Corporate actions in demat form: bonus, rights, splits, buybacks, and dividends
- Pledging, freezing, transmission, and off-market transfers
- Risk management, internal controls, and SEBI regulatory framework
Passing the NISM VI exam
The passing score for NISM VI is typically 60%, though NISM can revise its criteria — always verify the current passing marks on nism.ac.in before registering. The exam is a 100-mark computer-based test with MCQs, and there is usually no negative marking. Practising exam-pattern questions helps you identify process gaps and build the accuracy needed to clear it on the first attempt.
Why practice with mock tests
Reading the official workbook builds conceptual understanding, but a timed mock test reveals what you can actually answer under exam conditions. Full-length mocks surface the topics you keep getting wrong, reinforce process sequences you need to recall quickly, and remove surprises on exam day.