CERTIFIED BFSI PROFESSIONAL COURSE

About the Program

The Certified BFSI Professional course is 187 hours E-learning program spread over three semesters. The course is designed to help young aspirants to propel towards a successful career in BFSI sector. This is a first-of-its-kind initiative, offered jointly by three prestigious institutes in the financial domain viz NISM, IIBF & NIA.

Course Objective

The Banking, Financial Services & Insurance (BFSI) sector in India has traditionally been pivotal in contributing substantially to the overall growth of the Indian Economy. Currently, the sector is experiencing a transformation catalysed by digitalization and information explosion with the customer at the epicentre. Such an ever-evolving ecosystem demands strategic agility and constant upgradation of skill levels by the Banking & Finance professionals to chart a clear pathway of professional development. Moreover, an expanding sector is expected to usher in numerous employment opportunities going forward and there is a tangible industry demand to create a pool of adequately skilled youth who shall possess the cognitive vision to propel the sector ahead. The primary objective behind the development of the Certified BFSI Professional Program, wherein three behemoths of Financial Education in India (IIBF, NISM & NIA) have combined their domain expertise, is to offer a unique and novel course that covers all the three major aspects of the sector- Banking, Securities Markets and Insurance. This course is specifically designed to provide a 360° knowledge-offering to the young aspirants and to equip them to be future-ready as the entire BFSI sector beckons.

Career Prospects

The Certified BFSI Professional Course equips the young individuals to foray into financial industry viz Banking & Finance or Securities Markets or Insurance Industry. The program is designed to cater to varied job roles, from the entry level executives to mid-management cadre in any of the BFSI Sector.

Course Outline

The program is for 187 hours of intensive E-learning modules to impart basic knowledge across Banking & Finance, Securities Markets & Insurance sector. Each semester is spread over 2 months.

Candidates can register for the program anytime. At the end of third semester, an exam on a predetermined date and time will be conducted to mark completion of the program. Curriculum for each semester will cover topics from all three sectors,- Banking & Finance, Securities Markets and Insurance.

The detailed program structure is as below:

Semester I

A.    Banking & Finance
Module		Subject	Hours
I		Indian Economy, Economic Concepts & The Indian Financial Architecture	9.5
II		Introduction to Banking Products & Functions (Deposits & Advances)	12
III		Ethics in Banking	2
		Total	23.5
B.     Securities
I		Introduction to Securities Markets	3
II		Regulatory Eco system	3
III		Role of Intermediaries in Securities Markets	4
IV		Primary Markets	5
V		Secondary Markets	8
		Total	23
C.     Insurance
I	Fundamentals of Insurance		9
II	Legal Framework of Insurance		6
III	Fire Insurance		6
	Total		21
	Total – A + B + C		67.5

 

Semester II

Module	Subject	Hours
A.    Banking & Finance
I	Bank Computerisation, Digital Banking & Cyber Security	6
II	Marketing of Banking Products & Services	5
III	Accounting Principles & Financial Management	14
	Total	25
B.     Securities
I	Securities operations & Risk Management	10
II	Risk & Return in Securities Markets Investment	4
III	Derivative Markets	4
	Total	18
C.     Insurance
I	Life Insurance	6
II	Marine Insurance	6
III	Motor Insurance	6
IV	Liability	2
	Total	20
	Total – A + B + C	63

 

Semester III

Module	Subject	Hours
A.    Banking & Finance
I	Legal aspects of Banking	12
II	International Banking, Risk & Treasury Management	11.5
	Total	23.5
B.     Securities
I	Mutual Funds	10
II	Financial Planning	3
III	Investor Grievances Redressal Mechanism in Securities Markets	1
	Total	14
C.     Insurance
I	Health & Miscellaneous Insurance	7.5
II	Claims & Reinsurance	2
III	Insurance Accounts	9.5
	Total	19
	Total – A + B + C	56.5

 

Course Eligibility

Graduate or pursuing graduation from a Government or UGC recognised college/ University.

Course Duration

Duration of the program is 187 hours spread over 3 semesters. Each semester will be of 2 months' duration.

Candidate will have access to the course material for a period of 9 months from the date of registration.

Candidates not completing the course within 9 months will have to pay the registration fee again and re-enrol for the course.

Pedagogical Tools

To supplement the E-learning modules of the course, Video Lectures, E-books, Excel files etc. are also provided to facilitate the candidates to have a better understanding of the subjects.

Contact classes will be conducted every month subject to student's requests and queries. Interested candidates can register for these classes for clarifying their doubts or any concepts from the faculty at no additional cost.

Examination

Exams will be held every quarter, on pre- determined dates, for each semester in the online mode via remote proctoring.

Exam will be conducted at the end of the course. It will be for a duration of 120 minutes comprising of 100 MCQs (40 MCQs from Banking, 30 MCQs each from Securities Markets & Insurance). Minimum passing requirement for the final exam is 50% in each section (Banking, Securities Markets, and Insurance) and 60% in aggregate.

If any candidate does not clear the exam, he/she can re-attempt after paying an examination fee of Rs. 1500+GST.

There is no negative marking.

How to Register?

Candidates who wish to apply have to click on the link which will direct them to the Registration page. A link to the registration page is provided in each of the stakeholder’s (NISM, IIBF and NIA) webpage. The candidates will have to first register themselves on https://www.nism.ac.in/certified-bfsi-professional/. 

Step 1: New Registration: Upon successful registration, a User-ID and password will be sent to registered E-mail id and mobile number of the candidate.

Step 2: Application process: Thereafter, candidates are required to log-in and complete the application process by paying the requisite fee.

For Corporate registrations: send your queries to elearning@nism.ac.in or call 02192-668492/8493

Course fee

The consolidated course fee for the program is Rs. 10,150 + GST. The course fee may be paid in two instalments. Re-examination fee of Rs.1500 + GST to be paid in full whenever applicable.

In case any individual cancels or discontinues the program after registration, no refund of any amount will be given.

	Retail Candidate (Rs.) excluding GST	When to be paid	Access to be given
Total Fee	10,150
1st Instalment	6090	At the time of registration	Candidate will get access to Semester 1 & 2
2nd Instalment	4060	After completion of Semester 2	Candidate will get access to Semester 3 and examination

Access to the Course

Once successfully enrolled, registered candidates will receive an email from NISM with details to login and start the course.

Access to semester 1 and semester 2 will be provided after the payment of first instalment. Upon completing these two semesters and subject to paying the second instalment, access will be provided for third semester and exam.

Certification

On successfully completing all three Semesters within the validity period, a candidate will be awarded the ‘Certified BFSI Professional’ certificate. This will be a co branded certificate issued by NISM, IIBF & NIA. The certificate will be directly emailed to the candidates registered email id.

About NISM/ IIBF / NIA

National Institute of Securities Markets (NISM)

The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets. A comprehensive understanding of activities of NISM can be formed by visiting (www.nism.ac.in )

Indian Institute of Banking & Finance (IIBF)

Established in 1928 as a Company under Section 25 of the Indian Companies Act, 1913, the Indian Institute of Banking & Finance (IIBF), formerly known as The Indian Institute of Bankers (IIB), is a professional body of Banks, Financial Institutions, and their employees in India. The Mission of the Institute is “To develop professionally qualified and competent bankers and finance professionals primarily through a process of education, training, examination, consultancy / counselling and continuing professional development programs.” Details of the courses offered can be viewed at (www.iibf.org.in)

National Insurance Academy (NIA)

Established in 1980, National Insurance Academy (NIA) is a leading institution for learning, education and research in Management, Insurance, Pension, and allied areas not only in India but in the African, Middle East and Southeast Asian region. A pioneering academic institution in India’s Insurance landscape, National insurance Academy, is promoted by the public sector Insurance companies under the aegis of the Ministry of Finance, Government of India

Nestled in a lush green scenic estate in Pune- India, the academy has a world-class infrastructure offering tranquillity and a stimulating learning environment at the same time.

NIA’s academic team is a peerless resource in pursuit of excellence. The highly experienced industry professionals as faculty member bring practical and international insights to the classroom, and the experts from academia complement through their knowledge of established theories and ability to generate new knowledge through cutting-edge research. Thus, the Academy provides conceptual knowledge and real-world experience in the field of insurance and management and contributes to building corporate and business leaders while upholding ethical values with focus on nation building.

Some of the activities carried out at NIA is

1. Serving Insurance Professionals through Training
2. Nurturing Young Talent- PGDM(Insurance)
3. Webinars conferences, Seminars and Colloquium
4. Research and Consultancy
5. Certification programmes
6. Publications

Registration / Exams

Date of Registration	Throughout the year
Semester Exams	Every quarter on pre-determined Date and Time

Contact us

NATIONAL INSTITUTE OF SECURITIES MARKETS (www.nism.ac.in)

NISM CAMPUS, Plot No. IS 1 & IS 2,

Patalganga Industrial Area, Mohopada, District Raigad,

Maharashtra - 410222.

NISM NAVI MUMBAI OFFICE

Plot No. 82,Sector-17, Vashi, Navi Mumbai - 400 703

Email: elearning@nism.ac.in  Phone: 02192-668492/8493

 

INDIAN INSTITUTE OF BANKING & FINANCE (www.iibf.org.in)

Corporate Office, Kohinoor City Commercial - II Tower-I,

2nd & 3rd Floor, Kirol Road, Off-L.B.S Marg, Kurla- West Mumbai - 400 070

 

NATIONAL INSURANCE ACADEMY (www.niapune.org.in)

25,Balewadi, Baner Road, NIA P.O., Pune 411 045