Present article outlines the background regarding process of accreditation of various institutes in India. Importance of National Accreditation and Assessment Council (NAAC) and National Board of Accreditation (NBA) in the process of quality assurance of education is highlighted. For the purpose of globalization, norms of NBA were revised to make them consistent with contents of Washington Accord (WA). This article mainly focuses on the revised norms of NBA accreditation for Pharmacy institutions as published in January 2013. The nine criteria identified by NBA in this revised document are briefly presented. Concepts like Program Educational Objectives (PEOs), Programme Outcomes (POs), Course Outcomes (COs), and Mapping will be new to the readers to figure out in the latest document of NBA.