NISM Series VI (Depository Operations) study plan

Map the full depository-operations syllabus into a one-page topic list, grouping it under account opening, dematerialisation, rematerialisation, transfer and transmission, pledge and hypothecation, corporate actions, and investor grievance redressal.

Define in your own words the roles of depository, depository participant, issuer or registrar and transfer agent, and clearing corporation, and write a short note on how they interact in a single trade settlement cycle.

List the eligibility criteria and documentation needed for opening a beneficial owner account for an individual, a non-individual, and a non-resident investor, and flag the fields where DP discretion is limited by regulation.

Build a glossary of at least 30 depository terms with one-line definitions, including ISIN, DR, BO ID, CM ID, demat, fungibility, and payout.

Trace the end-to-end dematerialisation process step by step, from the client's DRF to the credit of securities in the BO account, and note the statutory timelines at each stage.

Explain the reasons a dematerialisation request can be rejected and what the DP must communicate to the client in each case.

Compare dematerialisation with rematerialisation on documentation, timelines, and the role of the issuer, and write a side-by-side table.

Solve at least 20 practice questions on account opening and demat/remat, and log every wrong answer with the corrected rule.

Describe the mechanics of off-market transfer, market transfer, and inter-depository transfer, and identify the forms and authorisations each requires.

Distinguish transfer from transmission, and list the documents required for transmission in the cases of death, insolvency, and lunacy.

Explain the pledge and hypothecation lifecycle, including creation, confirmation by the pledgee, invocation, and release, and state who can act at each step.

Draft a one-page client-facing checklist that a DP desk could use before accepting a transfer or transmission request.

Break down corporate actions into cash and non-cash categories, and explain how the record date, ex-date, and book closure affect the BO's entitlement.

Work through three numeric examples of bonus issue, stock split, and rights issue entitlements, showing the revised holding and cost adjustment for each.

Explain how the DP handles dividend and interest credits, including the role of the bank account seeded in the demat account.

Attempt a 40-question timed section covering weeks 1 to 4 and review every error against the source material.

Summarise the obligations of a DP under the applicable SEBI regulations and the bye-laws of the depository, focusing on client record maintenance, segregation, and reporting.

Explain the grievance redressal chain from the DP's internal complaints cell to the depository and then to SEBI's online redress system, and state the escalation timelines.

Describe the internal controls and audit requirements a DP must satisfy, including concurrent audit and the consequences of a deficiency finding.

List the code of conduct duties toward clients, including confidentiality, fair dealing, and avoidance of conflicts of interest.

Review the risk-management and settlement topics from weeks 1 to 5 and write a one-page note on how a failed settlement or a short delivery is handled in the depository system.

Explain the difference between a DP's own account and a client account, and describe the consequences of commingling under the rules.

Revisit your error logs from weeks 2 and 4 and rewrite each corrected rule in your own words without looking at the source.

Attempt a 60-question timed mock covering the full syllabus and record the score by topic area.

Target your two weakest topic areas from the week 6 score sheet and study each for a dedicated two-hour block.

Attempt two full-length timed mocks under exam conditions and compare scores to identify whether the weakness is knowledge or time management.

Memorise the key numeric facts you keep missing, such as statutory timelines and thresholds, using a flashcard set of at least 20 cards.

Explain aloud, in under three minutes each, five core processes such as demat, remat, pledge invocation, transmission, and corporate action credit, to test recall without notes.

Consolidate all notes into a single revision sheet of no more than four pages that you can read in one sitting.

Attempt one final full-length timed mock and review every incorrect and guessed answer.

Re-read only the four-page revision sheet on the two days before the exam and avoid new material.

Confirm exam-day logistics such as test-centre rules, identification requirements, and the marking scheme, and write them on the revision sheet.