The banking industry has immensely evolved with the advent of new technologies especially digital accounts, online payments, blockchain technology, etc. Banks play an imperative role in the functioning of an economy and with the financial sector growing multifold, there are plentiful opportunities for those interested in making a career in Banking and Finance. The Indian Institute of Banking and Finance (IIBF) offers a wide range of flagship courses, diplomas, certificates as well as blended courses for students and working professionals aspiring to specialise in a specific field of Banking and Finance. This blog elaborates upon IIBF certification courses, their eligibility requirements as well as career scope.
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This Blog Includes:
- What is IIBF?
- IIBF Certification Courses
- MSME for Bankers
- Certificate in International Trade Finance
- Certificate Examination in Information System Banker
- Certificate Course in Foreign Exchange
- Certificate Examination in Prevention Of Cyber Crimes And Fraud Management
- Customer Service & Banking Codes and Standards
- Certificate in Rural Banking Operations
- Certificate Examination In Foreign Exchange Facilities For Individuals
- Certificate Course In Digital Banking
- Specialists Officers of Banks
- Career Scope
What is IIBF?
Established in 1928 and formerly known as the Indian Institute of Bankers (IIB), the Indian Institute of Banking & Finance (IIBF) is a professional body of financial institutions, banks, and their representatives in India. With an association pf above [775] banks and financial institutions, IIBF is a ‘Distance Learning’ Institute and has an extensive range of educational programmes in the field of Banking and Finance. Some of the popular diploma and certification courses by IIBF include CAIIB, JAIIB, Diploma in Banking and Finance and various other certificates in about 20 operative fields. IIBF has also co-operated with various national and international prestigious institutes working in finance and banking education such as,
- Financial Planning Standard Board of India
- Banking Codes & Standards Board of India (BCSBI)
- Zambia Institute of Banking & Financial Services
- The Chartered Institute of Bankers (AAIOB) Alliance of African Institute of Bankers
- Indira Gandhi National Open University (IGNOU)
- National Banking Training Institute, Nepal
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IIBF Certification Courses
IIBF certification courses are designed to provide training in banking and finance to students as well as working professionals. Most of the courses are affiliated with the Ministry of Commerce, International Chamber of Commerce through (UCPDC), and Reserve Bank of India. IIBF conducts exams for these certification courses qualifying which the individuals are granted the prospective certificate. Take a look at the following list of IIBF Certification courses:
| Business Correspondents / Facilitators – [for Payments Banks – Module A and Module B] | Certificate Course in Ethics in Banking | Certificate Examination For Small Finance Banks |
| Certificate Course in Digital Banking |
Introduction to Banking(for sub-ordinate staff of banks) [English and Hindi as the medium of instruction) |
Certificate Course for Non Banking Financial Companies |
| Certificate Examination In Microfinance | Certificate Examination In Foreign Exchange Facilities For Individuals | Card Operations (for Employees of I.T. and BPO Companies) |
| Certificate Examination in Rural Banking Operations | Functions of Banks (for Employees of I.T. and BPO Companies) | Certificate Examination In IT Security |
| Business Correspondents / Facilitators | Certificate Course In Foreign Exchange |
Basics of Banking (for Employees of I.T. and BPO Companies) |
| Certificate In International Trade Finance | Certificate Examination In Prevention Of Cyber Crimes And Fraud Management | Certificate Examination In Information System Banker |
| Certificate Examination in AML/KYC | Customer Service & Banking codes and standards |
Certificate Examination For DRA Telecallers |
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Let’s explore some of these IIBF Certification courses in further detail.
MSME for Bankers
Incorporating an in-depth study of Finance pertaining to Micro, Small and Medium Enterprise, this IIBF certification course covers a wide range of topics like setting up MSME, their policy framework, institutional framework and financing, financing modes and alternatives, MSME development, rehabilitation, to name a few.
Course Highlights
| Eligibility Criteria | The candidate must have completed 10+2 in any discipline or BC/BF exam by IIBF. |
| Number of Questions | 120 Objective type, MCQs |
| Minimum Marks required for Passing Criteria |
50/100 |
| Key Subject | Small and Medium Enterprises in India |
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Certificate in International Trade Finance
Amongst the conventional forms of bank finance in the country, Trade Finance has tremendously evolved with globalization as well as liberalization. This IIBF certification course explores the nuisances of International Trade Finance and encompasses topics like Foreign Trade Policy, Customs Procedures, WTO, Terms of Trade, Theories of International Trade, etc.
Course Highlights
| Eligibility Criteria | 10+2 in any discipline or its equivalent |
| Number of Questions | 120 Objective type, MCQs |
| Minimum Marks required for Passing Criteria |
60/100 |
| Key Subject | International Trade and Finance |
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Certificate Examination in Information System Banker
Information Technology has transformed the traditional methods of Banking and has brought new user-friendly technologies. To train competent Banking professionals equipped with the knowledge of new banking technologies, IIBF offers this certification course which encompasses the study of technology in the context of banking, security policies, procedures, controls, to name a few.
Course Highlights
| Eligibility Criteria | 10+2 in any discipline or its equivalent |
| Number of Questions | 100 Objective type, MCQs |
| Minimum Marks required for Passing Criteria |
50/100 |
| Key Subject | Information System for Banks |
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Certificate Course in Foreign Exchange
The goal of the course is to make the bank officials familiar with Foreign Exchange operations. This exam is being offered to only those candidates who receive the recommendation of a committee of RBI.
Course Highlights
| Eligibility Criteria | Open for employees working with Authorised Dealer (AD) Member Banks of FEDAI. |
| Number of Questions | 100 Objective type, MCQs |
| Minimum Marks required for Passing Criteria | 50/100 |
| Key Subject | Foreign Exchange Operations |
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Certificate Examination in Prevention Of Cyber Crimes And Fraud Management
This IIBF certification course acquaints students with various forms of cyber thefts and data breach as well as methods pertaining to the security and protection of user information as well as digital financial transactions.
Course Highlights
| Eligibility Criteria | 10+2 in any discipline or its equivalent |
| Number of Questions | 120 Objective type, MCQs |
| Minimum Marks required for Passing Criteria |
50/100 |
| Key Subject | Cyber Crimes and Fraud Management |
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Customer Service & Banking Codes and Standards
To familiarize students with the importance of customer service in the banking sector, this IIB certification course comprises the study of how Indian banks have worked towards improving customer service as well as Banking codes and Standards Board of India that aims to address problems of bank customers.
Course Highlights
| Eligibility Criteria | 10+2 in any discipline or its equivalent or those who have qualified the BS/BF exam by IIBF |
| Number of Questions | 120 Objective type, MCQs |
| Minimum Marks required for Passing Criteria | 50/100 |
| Key Subject | Module A: Banker-customer relationship, types of customers, importance of customer service, etc. Module B: Phone Banking, Internet Banking, Electronic Payments, etc. Module C: How Indian banks have strived to improve customer service, customer service committees, use of IT for improving customer service, etc. Module D: Banking Codes & Standards Board of India, Code of Bank’s commitment to MSME and customers, etc. |
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Certificate in Rural Banking Operations
If you are looking forward to strengthening the operational capacity of banks at rural localities, this course will be your ideal choice. This popular IIBF certification focuses on modules like introduction to rural banking, deposits and ancillary services, agricultural advantages for production of crops, allied activities and investment credit, etc.
Course Highlights
| Eligibility Criteria | The candidate must have completed 10+2in any discipline |
| Number of Questions | 120 Objective type, MCQs |
| Minimum Marksrequired for Passing Criteria | 50/100 |
| Key Subject | Rural Banking Operations |
Certificate Examination In Foreign Exchange Facilities For Individuals
For a smooth day-to-day functioning of the branch level officials, this course aims to guide candidates with FEMA provisions. This IIBF certification course was introduced by the recommendation of the RBI committee and will take you through important subjects like comparison between FEMA 1999 and FERA 1973, deduction of TDS for nro accounts tax treaties, risk management for non residents, etc.
Course Highlights
| Eligibility Criteria | The candidate must have completed 10+2in any discipline |
| Number of Questions | 120 Objective type, MCQs |
| Minimum Marksrequired for Passing Criteria | 50/100 |
| Key Subject | Foreign Exchange Facilities for Individuals under FEMA 1999 |
Certificate Course In Digital Banking
This popular IIBF certification course aims to equip the upcoming bankers with the rock solid foundation regarding digital banking products such as internet banking cards, ATMs, mobile, etc. Few of its important topics of syllabus are instant money transfer system, security and surveillance of ATM sites, various types of cards, risk management and frauds and so on.
Course Highlights
| Eligibility Criteria | The candidate must have completed 10+2in any discipline |
| Number of Questions | 120 Objective type, MCQs |
| Minimum Marksrequired for Passing Criteria | 50/100 |
| Key Subject | Digital Banking |
Specialists Officers of Banks
AIIMS to guide students with basic knowledge in financial and banking services, customer relations, banking technology and various other legal aspects related to Banking and Financial Institutions. Subjects that will be on major focus are banking technology, support services functions of banks, Indian financial system, etc.
Course Highlights
| Eligibility Criteria | The candidate must have completed 10+2in any discipline |
| Number of Questions | 120 Objective type, MCQs |
| Minimum Marksrequired for Passing Criteria | 50/100 |
| Key Subject | Paper 1: Subject : Banking I ( Principles & Practices of Banking) Paper 2: Subject : Banking II (Legal & Regulatory Aspects of Banking) |
Career Scope
After gaining IIBF certification, you can explore several opportunities in the Banking and Finance sector. Here are some of the major career prospects available for those with an IIBF-affiliated qualification:
- Broker
- Budget Analyst
- Financial Analyst
- Financial Manager
- Investment Banker
- Auditor
- Loan Officer
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Hopefully, this blog helped you gain all the necessary information related to the IIBF certification courses. Planning to pursue your career in Finance and Banking? Sign up for an e-meeting with our Leverage Edu experts and we will assist you in selecting the right course and university that can equip you with the required knowledge and skill set to establish a rewarding career in this field!
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It is highly disappointing to share that because of IIBF i loose my today’s AML KYC exam. IIBF didn’t send verification and EXAM link on my registered Mobile No till 21 Mar 2021 at 4.31 pm. Due to IIBF, my registration fee also gone waste. I called on each and every contact detail, it shared on NET but No response recieved from IIBF