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Education NISM-Series-XVII: Retirement Adviser Certification Examination

NISM-Series-XVII: Retirement Adviser Certification Examination

Team Cafemutual Aug 4, 2016

This test is mandatory for IFAs who wish to sell NPS.

In a bid to make NPS popular, PFRDA has allowed IFAs to sell NPS with immediate effect. The pension fund regulator has issued a circular which has asked financial advisers to pass NISM-Series-XVII: Retirement Adviser Certification Examination to become a retirement adviser (RA).

So here are some details about this test.

Who should appear for this examination?

Individual financial advisers or any individual who wish to sell NPS or wish to give retirement advice have to appear for this examination.

How can you register for this examination?

You can register with National Institute of Securities Markets (NISM) at https://certifications.nism.ac.in/nismaol/. After successful registration, you have to select a test center, date and time slot as per your convenience.

What will the candidates be tested on?   


·         Fundamental concepts in retirement planning and various investment products

·         Retirement planning process

·         Features and benefits of NPS

·         Evaluation tools and fund selection

·         Implications of specific situations of retirement planning and how to manage them

·         Regulations governing the activities of retirement adviser


Click here to see the full curriculum.


Some key facts about the exam

No. of Questions



2 hours

Certificate Validity

3 years

Passing Score


Test Fees


Website URL


Difficulty Level


Negative Marking

25% of the marks assigned to the question



Click to clap
RAJESH KUMAR · 2 years ago
Is it important to take a test for selling a Scheme (NPS) ? Without knowing its benefits to a Financial Advisor.
Hrushikesh Swain · 2 years ago
If someone has cleared IA Level 2, does he or she has to still appear for Retirement Adviser certification ?
Ravi · 2 years ago
Clearing Investment Adviser exam doesn't mean that you are exempted. Only, SEBI registered RIAs and CFP certificate holders are eligible to become RAs without this certification.
Sandeep ghosh · 2 years ago
How to get RA registration and from where can anyone guide
Rajendra Jhala · 1 year ago
I just want to know, how much commission is paid to the agents who passes the NISM - Series XVII : Retirement Advisor Certification Exams and where to register for getting NPS selling agency. There are many banks , selling NPS. so Do we have to empanneled with all of them seperatly like mutual funds ?
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