News & Events
12-11-18Seminar on Sharing of Observations noted during QCRS
12-6-18Newsletter December 2018
11-29-18MARCON 19 – The industry’s flagship conference on January 10, 2019

Stipend Rates

SCHEDULE OF STIPEND RATES 2018-19

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

Criteria W.e.f. 01-07-18 Rupees per month
On Commencement of Training 11,700
On Passing any three papers of CFAP 16,000
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent 22,100
On Passing all the prescribed examinations required to become member of the Institute 44,100

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. 01-07-18 Rupees per month
On Commencement of Training 14,600
On Passing any three papers of CFAP 16,000
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent 22,100
On Passing all the prescribed examinations required to become member of the Institute 44,100

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

Criteria W.e.f. 01-07-18 Rupees per month
On Commencement of Training 10,300
On Passing any three papers of CFAP 16,000
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent 22,100
On Passing all the prescribed examinations required to become member of the Institute 44,100

** 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 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.