Stipend Rates

MINIMUM STIPEND RATES EFFECTIVE FROM JULY 1, 2020

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

Criteria	Rupees per month
On Commencement of Training	13,500
On Passing  any three papers of CFAP	18,400
On Passing all papers of CFAP/any three papers of CFAP and one MSA or equivalent	25,500
On Passing all the prescribed examinations required to become member of the Institute	50,800

2.Four years Graduate degree holders from Specified Degree Awarding Institutes or Relevant Degree Awarding Institutes (Training period 3 years).

Criteria	Rupees per month
On Commencement of Training	16, 800
On Passing  any three papers of CFAP	18,400
On Passing all papers of CFAP/any three papers of CFAP and one MSA or equivalent	25,500
On Passing all the prescribed examinations required to become member of the Institute	50,800

3.Four-year degree holders from any other recognized Degree Awarding Institute with major in accounting or finance (Training period 3 years) who have joined training on or after July 1, 2020.

Criteria	Rupees per month
On Commencement of Training	13,500
On Passing  any three papers of CFAP	18,400
On Passing all papers of CFAP/any three papers of CFAP and one MSA or equivalent	25,500
On Passing all the prescribed examinations required to become member of the Institute	50,800

4. Four-year degree holders from any other recognized Degree Awarding Institute with major in accounting or finance (Training period 3 years) who have joined training before July 1, 2020.

Criteria	Rupees per month
On Commencement of Training	16,800
On Passing  any three papers of CFAP	18,400
On Passing all papers of CFAP/any three papers of CFAP and one MSA or equivalent	25,500
On Passing all the prescribed examinations required to become member of the Institute	50,800

1. Other Qualifications (Training period 4 years)

Criteria	Rupees per month
On Commencement of Training	11,800
On Passing  any three papers of CFAP	18,400
On Passing all papers of CFAP/any three papers of CFAP and one MSA or equivalent	25,500
On Passing all the prescribed examinations required to become member of the Institute	50,800

MINIMUM STIPEND RATES EFFECTIVE FROM JULY 1, 2019
1. CAF Passed or equivalent thereto (Training period 3.5 years):
Criteria	W.e.f. 01-07-19 Rupees per month
On Commencement of Training	12,700
On Passing any three papers of CFAP	17,300
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent	23,900
On Passing all the prescribed examinations required to become member of the Institute	47,700
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. 01-07-19 Rupees per month
On Commencement of Training	15,800
On Passing any three papers of CFAP	17,300
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent	23,900
On Passing all the prescribed examinations required to become member of the Institute	47,700
3. All other Qualifications (Training period 4 years):
Criteria	W.e.f. 01-07-19 Rupees per month
On Commencement of Training	11,100
On Passing any three papers of CFAP	17,300
On Passing all papers of CFAP/ any three papers of CFAP and one MSA or equivalent	23,900
On Passing all the prescribed examinations required to become member of the Institute	47,700