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Stipend Rates

SCHEDULE OF STIPEND RATES 2017-18

1. CAF Passed or equivalent thereto (Training period 3.5 years):

Criteria W.e.f. 01-07-17 Rupees per month
On Commencement of Training 11,100
On Passing any three papers of CFAP 15,200
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent 21,000
On Passing all the prescribed examinations required to become member of the Institute 42,000

2. Four year Graduate degree holders from Specified Degree Awarding Institutes/ Four year degree holders from any recognized Degree Awarding Institute with major in accounting or finance (Training period 3 years):

Criteria W.e.f. 01-07-17 Rupees per month
On Commencement of Training 13,900
On Passing any three papers of CFAP 15,200
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent 21,000
On Passing all the prescribed examinations required to become member of the Institute 42,000

3. All other Qualifications (Training period 4 years):

Criteria W.e.f. 01-07-17 Rupees per month
On Commencement of Training 9,800
On Passing any three papers of CFAP 15,200
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent 21,000
On Passing all the prescribed examinations required to become member of the Institute 42,000

* Issued as per the decision of 285th Meeting of the Council held on April 7, 2017
** Explanation: This rate would also apply to all trainee students who have passed all prescribed examinations required to become member of the Institute.

SCHEDULE OF STIPEND RATES 2016-17

1. CAF Passed or equivalent thereto (Training period 3.5 years):

Criteria W.e.f. 01-07-16 Rupees per month
On Commencement of Training 10,600
On Passing any three papers of CFAP 14,500
On Passing all papers of CFAP/any three papers of CFAP and one MSA 20,000
On Passing all papers of CFAP and MSA Level** 40,000

2. Four year Graduate / Post Graduate from Specified Degree Awarding Institutes (Training period 3 years):

Criteria W.e.f. 01-07-16 Rupees per month
On Commencement of Training 13,200
On Passing any three papers of CFAP 14,500
On Passing all papers of CFAP/any three papers of CFAP and one MSA 20,000
On Passing all papers of CFAP and MSA Level** 40,000

3. Other Qualifications (Training period 4 years):

Criteria W.e.f. 01-07-16 Rupees per month
On Commencement of Training 9,300
On Passing any three papers of CFAP 14,500
On Passing all papers of CFAP/any three papers of CFAP and one MSA 20,000
On Passing all papers of CFAP and MSA Level** 40,000

* Issued as per the decision of 277th Meeting of the Council held on July 29-30, 2016
** Explanation: This rate would also apply to all trainee students who have passed all prescribed examinations required to become member of the Institute.