HomeNISM Prep › NISM Exam Fees 2026: The Real Cost of Getting Certified

NISM Exam Fees 2026: The Real Cost of Getting Certified

NISM exam fees vary by series and are revised periodically — always confirm the current fee on nism.ac.in before registering. As a working guide, the popular series fall in the Rs. 1,500–3,000 per attempt range, with V-A at the lower end (~Rs. 1,500) and the Investment Adviser papers higher.

The cost nobody budgets: the retake

The exam fee is per attempt. Fail, and you pay the full fee again — plus the cost of rebooking, travel to the test centre, and weeks of lost time. This is why the cheapest investment in your certification is not the exam fee — it is making sure you only pay it once.

Budgeting your certification

Free V-A Mock Test
100 questions, 2-hr timer, no login for the first attempt
Start →
V-A Study Pack — Rs.199
435 pages: condensed notes + full question bank
Get it →

Frequently Asked Questions

How much does the NISM V-A exam cost?

Approximately Rs. 1,500 per attempt (confirm the current fee on nism.ac.in, as fees are revised periodically).

Is the NISM fee refundable if I fail?

No. The fee is per attempt — a retake means paying the full fee again. Budget for passing the first time.

What is the cheapest way to prepare for NISM?

Free full-length mocks and chapter-wise practice (BullWiser offers 2 free mocks per series, no login for the first), plus an optional Rs. 199 study pack — a fraction of coaching or retake costs.

BullWiser is an independent financial education platform, not affiliated with NISM or SEBI. Exam fees, dates and rules can change — always confirm on the official portal nism.ac.in before registering. Mock tests and readiness scores are preparation aids and do not guarantee a pass. Last updated: July 2026.