FRM Course Fees: Calculate Your Total FRM Cost in ₹.

GARP charges FRM fees in US dollars. A new candidate pays a one-time enrollment fee of USD 400 with the first Part I booking. Each part then costs USD 600 if you register early, or USD 800 at the standard price. There is no late tier. Optional extras, such as printed books, cost more. The table lists every fee.

In plain words: only the enrollment fee and one exam fee per part are unavoidable. Everything else depends on your timing and choices. Rupee figures use USD 1 = ₹94.95 (ECB reference rate, crossed via EUR, 23 Oct 2026), with no tax or bank markup. The ECB (European Central Bank) publishes daily euro reference rates; crossed via EUR means we convert through the euro to get the rupee rate.

For a new candidate who passes both parts first time, GARP’s fees run from about ₹1.52 lakh to ₹1.90 lakh before tax. If GARP adds 18% GST (India’s Goods and Services Tax; our assumption), the range is about ₹1.79 lakh to ₹2.24 lakh. A retake or a deferral pushes it higher. Here are three illustrative paths, all paid by card.

In plain words: one retake and one deferral add over ₹80,000 to the cheapest path, before tax.

Illustrative example: a new candidate registers early for both parts and pays by card. GARP’s fees are USD 400 + USD 600 + USD 600 = USD 1,600. At ₹94.95 per dollar, that is about ₹1,51,912. If GARP adds 18% GST at checkout, the bill becomes USD 1,888, or about ₹1,79,256.

Register in the early period for your chosen window. It saves USD 200 per part, about ₹18,989 at the ECB rate, crossed via EUR. GARP runs three exam windows a year: May, August and November. You sit the exam at a PSI test centre (PSI is the company that runs the exam halls). Each window has an early period and a standard period, and nothing after that.

Think of it like an early-bird concert ticket: same seat, same show, lower price if you book before the cut-off. The calculator shows the next registration window from GARP’s published dates. Deadlines move from window to window, so check the live dates on our FRM exam dates hub before you pay.

Four things push the bill up: retakes, deferrals, bank transfers and tax. A retake is a fresh registration at the full exam fee, though the enrollment fee is not charged again. A deferral costs USD 250. A wire or ACH payment adds USD 50 to each invoice. GARP also adds tax at checkout. Your own bank may add a currency charge too.

• Retakes. Each one is another USD 600 or USD 800. This is the costliest surprise, so budget for it honestly.
• Deferral. Deferring is like changing a flight date. You pay a change fee, you can do it only once, and you must pick one of the next two windows. Your registration moves to the new window; you do not get money back.
• Refund window. GARP accepts refund requests only within 48 hours of registering. After that, a deferral (before GARP’s deadline) is your only way out.
• Bank transfers. Wire or ACH (a US bank-to-bank transfer) adds USD 50 to each invoice. Paying by card avoids it.
• Bank markup. Your card or bank adds its own foreign-currency charge on top of the exchange rate. Enter it in the calculator if you know it.
• Optional study material. GARP Learning for Part II costs USD 250 and printed books cost USD 300 per part plus shipping (2026 prices). Part I Learning comes with registration.

Expect some tax. GARP’s fees exclude taxes such as GST (Goods and Services Tax) and VAT (value-added tax), and GARP adds them at checkout based on your location. GARP does not publish the rate for India.

So the calculator adds 18% GST as an assumption, which you can change or switch off. Your GARP checkout shows the real figure before you pay.

Three GARP rules shape your budget. You can defer only once. You must pass Part II by 31 December of the fourth year after you pass Part I. And you can sit both parts in the same window, but on the same day only in August. Plan your windows around these rules so you never pay twice for the same part.

• Part II deadline. GARP’s pages do not say what happens if you miss it, so check with GARP before you count on extra time.
• Part II booked for a later window. If you then fail or miss Part I, GARP turns that Part II booking into a Part I booking. You keep the booking, now as Part I.
• Work experience. To become a certified FRM you also need two years of relevant full-time work. It affects when you can call yourself a certified FRM.

No. GARP’s fees cover registration and the exam only. Coaching is a separate cost you choose, from self-study with question banks to a full live course. The calculator lets you add your coaching figure, so you see one all-in number. Whatever you spend, its job is to protect your exam fees by helping you pass first time.

QuintEdge is a GARP Approved Exam Prep Provider. See current plans and batches on our FRM coaching classes page.

It adds GARP’s fees for your choices, then any GST, bank markup and coaching. Fees come from GARP’s own pages, checked October 2026. ₹ figures use the ECB reference rate, crossed via EUR, which you can change.

• GARP: FRM fees and payments (enrollment fee, early and standard fees, wire and ACH fee, tax at checkout)
• GARP: FRM exam policies (deferral and its deadlines, refunds, Part II deadline, Part II booked for a later window)
• GARP: FRM exam FAQs (both parts on the same day only in August; Part II not graded if you fail or miss Part I in the same window)
• GARP: FRM exam logistics (exam windows, PSI test centres)
• European Central Bank: euro reference rates, crossed via EUR (USD rate for 23 Oct 2026)