ALL ABOUT JAIIB EXAM
WHAT IS JAIIB EXAMINATION?
The term ‘JAIIB’ stands for Junior Associate of Indian Institute of Banking and Finance. It is 1st stage Certified Associate of Indian Institute of Banking and Finance (CAIIB) exam, which is one of the most prestigious certifications in the Indian banking sector offered by Indian Institute of Banking and Finance (IIBF). CAIIB exam comprises two parts i.e.
Stage-1 : Junior Associate of Indian Institute of Banking and Finance (JAIIB)
Stage-2: Certified Associate of Indian Institute of Banking and Finance (CAIIB)
A student can enroll for CAIIB only after successful completion of JAIIB Exam.
In this page, we shall focus on JAIIB. There is separate page for CAIIB exam.
What is included JAIIB syllabus?
JAIIB Certification awarded by the Indian Institute of Banking and Finance (IIBF) aims to provide a basic level knowledge to the candidates, about most of the issues, which bankers come across in their day to day, operational banking.
The current syllabus which was revised in the year 2023 covers almost all aspects related to operational banking at the level of customer service executives and customer service officer.
The coverage can broadly be segmented as under:
(A) Different Acts passed by Parliament such as RBI Act, 1934, Banking Regulation Act, 1949, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, PML Act, 2005, FEMA, 1999, Companies Act 2013, Indian Partnership Act 1932, Insolvency and Bankruptcy Code 2016, SARFAESI Act and many more.
(B) Operational banking aspects related to customer service, KYC and AML, opening of accounts, domestic and NRI deposit accounts, cash handling, rights and obligations of bankers, lending principles, appraisal of credit proposals, collateral and charges on securities, non-performing assets, personal finance, priority sector lending including MSMEs, Core Banking Solutions, digital payment systems, cyber crime, fraud risk management, back office functions, bank audit and inspection, principles of banking ethics, corporate governance, etc.
(C) Indian Accounting Standards, basic accountancy procedures, depreciation accounting, final accounts preparation, bank balance sheet and company balance sheets, cash budgeting, ratio analysis, working capital assessment processes, calculation of interest rates, annuities, foreign exchange rates, taxation, costing etc.
(D) Indian economic structure covering sectors of economy, reforms, sustainable development goals, money supply, monetary policy, Budget, GDP concepts, Indian financial system, financial institutions, financial instruments, financial regulators, development finance institutions etc.
More details are given at end of this page.
What is JAIIB Exam eligibility condition?
In terms of rules of IIBF updated from time to time, the eligibility conditions are as under:
1) The person to appear in the exam, must be ordinary member of the Institute.
2) That person must be working in the banking and finance industry and whose employer is an Institutional member of the IIBF.
3) Candidates must have passed the 12th standard examination in any discipline or its equivalent.
4) On the recommendation of the Manager of the bank/ officer-in-charge of the bank’s office where the candidate is working, the Institute at its discretion, may allow any candidate from clerical or supervisory staff cadre of banks to appear in the examination, even if he/ she is not 12th standard pass or its equivalent.
ELIGIBILITY CRITERIA FOR SUBORDINATE STAFF
Subordinate staff of recognized Banking/ Financial Institutions in India, who are members of the Institute, are eligible to appear at the examination, provided they have passed the 12th standard examination or its equivalent
FOUR PAPERS OF JAIIB EXAM
Prior to revision of the syllabus from 2023, there were 3 papers, namely 1) Principles and Practice of Banking, 2) Accounting and Finance for Bankers, 3) Legal and Regulatory aspects of Banking.
According to the revised curriculum, there are 4 papers now.
1. Indian Economy & Indian Financial System
2. Principles & Practices of Banking
3. Accounting & Financial Management for Bankers
4. Retail Banking & Wealth Management
Each paper is generally sub-divided into 4 modules and students are expected to prepare each module in a balanced manner.
Paper-wise module-details are provided at end of the page
PASSING CRITERIA OF JAIIB EXAM
The rules followed by IIBF broadly make the following provision:
1) A candidate is required to score at least 50 marks out of 100, to qualify as ‘pass’.
2) Those candidates who appear in all the four papers in one attempt will be declared pass if they secure at least 45 marks in each subject with an aggregate of 50% marks (i.e. at least 200 marks) in all subjects of the examination.
3) Where a candidate has passed in one or more papers, in an attempt, he is allowed to retain the credit for such paper, till the expiry of the time limit for passing the examination.
Main contents of this Page
- What is JAIIB-CAIIB examination
- What a student has to study for JAIIB exam
- Who is eligible to appear in JAIIB Exam
- Four papers of JAIIB Exam
- Passing criteria of JAIIB exam:
- Time limit for passing JAIIB examination:
- Examination fees:
- Refund of fee
- Dates for JAIIB October-November 2024 exam
- Medium of examination:
- Change of medium
- Duration of examination:
- Mode of examination
- Pattern of examination:
- Type of questions asked in the exam
- Negative marking
- Periodicity and examination centres:
- Class of Pass criteria for first physical attempt
- Cut-off date for subject updates
- Paper-wise revised syllabus
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TIME LIMIT FOR PASSING JAIIB EXAMINATION:
The candidate must read the IIBF rules which broadly make the following provision. This will help the candidates to keep the confusions away:
1. The candidates are given a total of 5 attempts for completion of JAIIB exam, within a maximum period of three years, whichever is earlier, from the time he/she registers for the exam. It is not necessary that these 5 attempts should be consecutive (i.e. continuously one after other)
2. Those candidates who are not able to pass the examination within the maximum stipulated time period of 3 years or 5 attempts, whichever is earlier, have to re-enrol themselves on fresh basis. Such candidates are not be given credit/s for subject/s passed earlier, if any.
3. Time limit of 3 years or 5 attempts, whichever is earlier, begins from the date of registration for the first attempt. The attempts will be counted continuously, irrespective of whether the candidate appears for any examination or not. For example, if a candidates has registered herself / himself for May 2023 attempt, the first attempt will be taken as May 2023 and last attempt shall be counted as 3 years or 5 attempts, whichever is earlier.
IMPLICATIONS OF RULE OF 5 ATTEMPTS 3 YEARS, WHICHEVER EARLIER
a) Normally a candidate is eligible to apply for any five examinations out of the six examinations conducted by IIBF within the stipulated period of three years.
b) If a candidate avails all five attempts before completion of three years, he/she will be required to re-enrol themselves afresh. c) Similarly, if a candidate does not avail five attempts but the stipulated period of three years is over, he/she will be required to re-enrol themselves afresh.
JAIIB EXAM FEES:
As per extant regulations of IIBF, the candidates are required to Register for every attempt separately.
The date for registration are announced by the Institute in advance, to provide sufficient time to the candidate, to make the fee payment conveniently.
The fee structure for the examination centres in India is as under:
1) First attempt fee : Rs.4,000/-
2) 2nd attempt fee : Rs.1,300/-
3) 3rd attempt fee : Rs.1,300/-
4) 4th attempt fee : Rs.1,300/-
5) 5th attempt fee : Rs.1,300/-
The convenience charges and Taxes are applicable over and above the fee mentioned above.
ADDITIONAL FEE
In order to streamline the traffic for registration, the Institute charges regular examination fee to candidates who register for the examination during the first week of registration.
For 2nd and 3rd week of registration, in addition to regular examination fee additional fee shall be Rs. 100/.
For 4th week of registration, additional fee shall be Rs. 200/-.
If for any reasons, the IIBF extends the registration date beyond 4 weeks, additional fee shall be Rs. 200/- for the extended days.
REFUND OF FEE
While making fee payment, the candidate must bear in mind that the fees once paid will NOT be refunded or adjusted by IIBF.
HOW TO AVOID PAYING PENALTY FOR LATE REGISTRATION
It is in the interest of the candidates to get themselves registered, as soon as the Registration is opened. By doing so, the candidates will be able to avoid rush, the worry to get registered and late fee penalty.
JAIIB EXAM DATES for OCTOBER-NOVEMBER 2024
Paper-1 Indian Economy and Indian Financial System – Online Mode – October 20, 2024
Paper-2 Principles and Practice of Banking – Online Mode – October 26, 2024
Paper-3 Accounting & Financial Mgmt for Bankers – Online Mode – October 27, 2024
Paper-4 Retail Banking & Wealth Management – Online Mode – November 09, 2024
MEDIUM OF EXAMINATION:
Candidates can attempt the examination in:
1 Hindi or
2 English
Candidates have been advised by the Institute to clearly fill in their choice of medium at the time of registration of application.
CHANGE OF MEDIUM
As per extant IIBF rules, change of medium is not be allowed at a later stage, in any case.
DURATION OF JAIIB EXAMINATION:
The duration of the examination is of 2 hours.
MODE OF EXAMINATION
The examination is held in Online Mode only
JAIIB EXAM PATTERN:
Question Paper will contain approximately 100 objective type multiple choice questions for 100 marks. At its discretion or requirement of the paper, the Institute can vary the number of questions to be asked in any subject.
TYPE OF QUESTIONS ASKED IN THE EXAM
1) Single statement – multiple options questions.
2) Multi statement – multiple options questions
3) True and false questions
4) Fill in the blanks questions,
5) Small case study questions
MARKS VALUE OF INDIVIDUAL QUESTIONS
1) It is not necessary that all questions carry equal marks
2) Depending upon level of difficulty, different questions, may carry different value/marks
NEGATIVE MARKING
Although in a communication dated 7th Sept 2022, IIBF CEO had indicated that there will be negative marking for wrong answers. But this was later with held.
As per extant rules, there is no negative marking for wrong answers.
PERIODICITY AND EXAMINATION CENTRES:
The institutes, normally announces the date and publishes on its website for both the phases i.e. examinations taking place in first half-year (normally May and June) and in 2nd half-year (normally in October and November) in the beginning of the calendar year (around February or March).
1) Institute conducts examination on half yearly basis.
2) Examination is conducted on pre-announced dates published on IIBF website. The institute holds the discretion to change the periodicity of the examination, depending upon the requirement of banking industry.
3) List of Examination centres is made available on the website of the Institute
4) As a general practice, the institute conducts examination in those centers, where there are 20 or more candidates.)
5) Normally the examination is conducted on consecutive Sundays. But now a days, few examinations are conducted, both on Sunday as well as Saturday, when it is a holiday.
“CLASS OF PASS” CRITERIA FOR FIRST PHYSICAL ATTEMPT
1) The Institute considers the 1st physical attempt of the candidate at the examination as first attempt for awarding class of pass.
2) The institute has clarified that, the candidate should not have attempted any of the subject/s pertaining to the examination concerned any time in the past and has to pass all the subject as per the passing criteria and secure prescribed marks for awarding class of pass.
There are two categories within the Class of Pass criteria, namely:
1) First Class: 60% or more marks in aggregate and pass in all the subjects in the 1st physical attempt
2) First Class with Distinction: 70% or more marks in aggregate and 60% or more marks in each subject in the 1st physical attempt.
WHICH CANDIDATE ARE NOT ELIGIBLE FOR CLASS OF PASS?
Candidates re-enrolling for the examination after exhausting all permissible attempts as per the time limit rule will not be considered for awarding class.
APPLICATION PROCEDURE FOR EXAMINATION
1) Application for examination are required to be registered online from the Institute’s website www.iibf.org.in.
2) The schedule of examination and dates for registration is published on IIBF website, in advance, in beginning of the calendar year (generally during February or March).
CUT-OFF DATE FOR SUBJECT UPDATES
As per practice followed by the Institute, the questions are asked in each exam about the recent developments/ guidelines issued by the regulator(s) to test if the candidates keep themselves abreast of the current developments.
There is possibility that some changes have taken place from the date the preparation of question papers and the dates of the actual examinations.
In order to address such issues effectively, the Institute has suggested to observe the following rules:
1) For the examinations to be conducted during the period March to August of a calendar year, instructions/ guidelines issued by the regulator(s) and important developments in banking and finance up to 31st December will be considered for inclusion in the question papers.
2) For the examinations to be conducted for the period September to February of a calendar year, instructions/ guidelines issued by the regulator(s) and important developments in banking and finance up to 30th June will only be considered for the purpose of inclusion in the question papers.
IIBF RULES REGARDING USE OF MOBILE PHONES AND TYPE OF CALCULATOR
Candidates should note that mobile phones and other electronic/ smart gadgets (except calculator as permissible) are not allowed in the examination hall.
The Institute has clarified that mere possession of mobile phone and other electronic/ smart gadgets in the examination hall whether in switch off mode or silent mode shall also be deemed to be resorting to adoption of unfair means in the examination.
TYPE OF CALCULATOR
a. Candidates can use battery operated portable calculator in the examination. The calculator can be of any type up to 8 functions i.e. (Addition, Subtraction, Multiplication, Division, Percentage, Sq.-root, Tax+ and Tax -), 12 digits.
b. Scientific calculator is not allowed. Attempt to use any other type of calculator not complying with the specifications indicated above or having more features than mentioned above shall tantamount to use of unfair means.
PAPER-WISE REVISED SYLLABUS
PAPER I – INDIAN ECONOMY AND INDIAN FINANCIAL SYSTEM
Module A- Indian Economic Architecture
Module B – Economic Concepts related to Banking
Module C – Indian Financial Architecture
Module D – Financial Products and Services
PAPER II – PRINCIPLES AND PRACTICES OF BANKING
Module A- General Banking Operations
Module B – Functions of Banks
Module C – Banking Technology
Module D – Ethics in Banks and Financial Institutions
PAPER III – ACCOUNTING AND FINANCIAL MANAGEMENT FOR BANKERS
Module A – Accounting Principles and Processes
Module B – Financial Statements and Core Banking Systems
Module C – Financial Management
Module D – Taxation and Fundamentals of Costing
PAPER IV – RETAIL BANKING AND WEALTH MANAGEMENT
Module A – Retail Banking
Module B – Retail Products and Recovery
Module C – Support Services – Marketing of Banking Services/ Products
Module D- Wealth Management
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