Course Fees:

To pursue the Post Graduate Certificate in Securities Markets, the interested participants will have to invest ₹ 2.52 Lacs, which would be provided by ICICI Bank as a subsidized loan at an interest rate of 2.5% p.a. [Service Tax on the loan amount will be paid by the participants].

Participants also have option of hostel facility. For participants who wish to take hostel facility - will have to invest ₹ 2.88 Lacs which would be provided by ICICI Bank as a subsidized loan at an interest rate of 2.5% p.a.

The participants would have to pay for the refreshments and any other incidentals on actuals on a monthly basis to the Institute. Additionally a one-time amount of ₹ 2000/- is payable towards the NISM Alumni Association Fee.

If you are selected for the PGCSM programme you would be required to deposit ₹ 10,000/- towards admission security deposit along with submitting your acceptance to join. The procedure for this will be explained in your Invitation Letter. This amount will be refunded to you on completion of 90 days of the programme at the University. However, if you do not join the programme after confirmation or leave the programme within 90 days of joining, this amount will be forfeited.

Discontinuation from the PGCSM Programme:

In the event of a participant's discontinuation from the PGCSM Programme for whatever reason whether voluntary or otherwise, ICICI Bank would be entitled to forthwith recover the entire loan of ₹ 2.52 Lacs or ₹ 2.88 Lacs as applicable, along with interest at the rate of 15% p.a [plus service tax as chargeable] from the date of disbursal till the date of discontinuation, and thereafter interest at the rate of 24% p.a till repayment of the Loan in full. 

EMIs on the subsidized loan:

The EMIs for the loan would start once the participant joins the Bank post completion of the course. There would be no recovery of EMIs or interest during the initial programme period of 1 year. The EMIs are spread over a period of 60 months from the start date of employment with ICICI Bank and will attract a rate of interest of 2.5 % p.a. to ensure that there is minimal impact in the monthly earnings. The EMI will be approximately ₹ 5000 per month. 

Stipend:

During the 9 months classroom-training period the participants will be paid a stipend of ₹ 10,000 per month, to cover the incidental expenses. 

During the 3 months internship phase with ICICI Bank, the participants will be paid a stipend of ₹ 50,000 per month to cover the expenses incurred.