IGNOU Notification Permits Credit Transfer for ICAI Courses: A Good News for CA Aspirants:

IGNOU Notification Permits Credit Transfer for ICAI Courses: A Good News for CA Aspirants

One of India's leading open university, Indira Gandhi National Open University (IGNOU) issued a crucial notification dated 23 May, 2025, allowing the students registered under its commerce and management programs to transfer credits for courses completed under the Institute of Chartered Accountants of India.

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This move was approved by the Academic Council in its 83rd meeting on 18th February 2025, after a recommendation was made by the university's Academic Council Standing Committee on 17th January 2025 in its 65th meeting, to map ICAI courses with various IGNOU programs such as B.COMGOL, B.COMG, B.COMFOL, B.COMF, M.COM and M.COMOL. The policy is implemented with immediate effect, permitting students to proclaim exemptions for similar ICAI subjects they have passed. However, these credit transfer can be claimed once per course, with its validity extending upto 7 years. The university has kept the procedure affordable by waiving off the fees for credit transfer and course change under the arrangement, however, the students wishing to do so are obliged to pay a one-time, non-refundable processing fee:

• Rs.500 for credits soaring up till 16.
• Rs. 1000 for more than 16 credits.

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This academic convenience provided by IGNOU aims at reducing the burden from the shoulders of students juggling between obtaining an academic degree and acquiring professional training. The flexibility was much required for the students as it promotes gaining professional skills and academic degree simultaneously.