In terms of the decision of the Finance Committee taken at its 23rd meeting on the recommendations of the Examination Committee, it has been decided to henceforth charge a sum of Rs.500/- per person as the education verification fee from the companies/agencies seeking such verification of qualification. The fee shall be payable by way of a demand draft drawn in favour of the Secretary, The Institute of Chartered Accountants of India and payable at New Delhi.

However, the Departments/Ministries of the Central Government, State Governments, PSUs etc. shall not be required to remit the said education verification fee. Further, it is also clarified that such fee is not to be charged from the concerned members and students of the Institute.

This shall come into effect with effect from 23rd May 2012.