While the Indian banking landscape has exponentially grown over the years, the demand for professionals who can handle a wide range of responsibilities has also increased. Annually, many competitive examinations are conducted to get efficient bankers on-board. JAIIB being one such examination. Conducted by the Indian Institute of Banking & Finance (IIBF) twice a year, It is one of the popular bank exams clearing which, the selected candidates are trained in banking technology, customer service, regulatory frameworks, as well as accountancy.
This Blog Includes:
|Exam Name||Junior Associate of the Indian Institute of the Bankers|
|Conducted By||Indian Institute of Banking and Finance (IIBF)|
|Conducted For||The members of IIBF|
|Main Subjects||Banking Principles and Practices, Accounting and Finance for Bankers, Legal and Regulatory Aspects of Banking|
|JAIIB Frequency||Twice a year – May/June and November/December|
|Mode of Examination||Online-based|
|Medium of Exam||Hindi/English|
|Number of Questions||120 (Each paper)|
JAIIB Exam Dates
IBF conducts the exam twice every year. Since the May deadlines have already passed, we have collated all the important details for the JAIIB 2021 exam in the tables below.
|Examination Date||Main Subjects|
|02-05-2021||Principles & Practices of Banking|
|09-05-2021||Accounting & Finance for Bankers|
|16-05-2021||Legal & Regulatory Aspects of Banking|
|Examination Date||Main Subjects|
|07-11-2021||Principles & Practices of Banking|
|14-11-2021||Accounting & Finance for Bankers|
|21-11-2021||Legal & Regulatory Aspects of Banking|
Also Read: How to Make a Successful Career in Banking?
JAIIB Exam Eligibility
Before appearing for the test, it is important to keep a tap on eligibility requirements to avoid termination of the application. Here are the key details of JAIIB exam eligibility.
- Only the members of IIBF are eligible to apply for the JAIIB test.
- Candidates must have cleared class 12th examination in any discipline. However, on the recommendation of a Bank Manager/Office in-Charge, a candidate whose 12th level is not clear can appear for the test. They may be from supervisory staff cadre or clerical staff.
- The members of the institute who work as subordinate staff of any recognised bank or a financial institution of the country can apply for the JAIIB test. Provided, they have cleared their 12th examination.
Also Read: Banking Course After 12th Commerce
JAIIB Registration Fees
JAIIB has different registration fees for different number of attempts and a late fees depending on when you pay.
Attempt wise Examination Fees
|First Attempt||2,700 INR|
|Second Attempt||1,300 INR|
|Third Attempt||1,300 INR|
|Fourth Attempt||1,300 INR|
|01.09.2021 to 07.09.2021||Normal Examination fees|
|08.09.2021 to 21.09.2021||Normal examination fees plus and additional charge of Rs 100|
|22.09.2021 to 30.09.2021||Normal examination fees plus an additional charge of Rs 200|
Also Read: List of Banking Courses
The online application process for JAIIB exam is fairly easy. You can follow the mentioned steps to easily apply for the exam:
- Visit the official website of the Indian Institute of Banking and Finance
- Click on ‘Examination/ Course’ Option on the right side of the website
- Select Flagship Courses
- Select JAIIB and you will receive the online application link
There are a total 649 centres for the JAIIB exam that include domestic and international centres.
Some of the prominent centres include:
- New Delhi
The candidates knowledge on 3 major subjects; Principles & Practices of Banking, Legal & Regulatory Aspects, and Accounting & Finance for Bankers will be evaluated through the JAIIB exam. There will be no negative marking for incorrect answers.
|Subject||Total No. of Questions||Maximum Marks||Qualifying Marks||Duration|
|Principles and Practices of Banking||120||100||50||2 hours|
|Accounting and Finance for Banker||120||100||50||2 hours|
|Legal and regulatory aspects of Banking||120||100||50||2 hours|
- At least 50 marks out of 100 in every subject.
- Those who secure 50% aggregate and 45 marks in every subject will also be considered as qualified candidates.
- Applicants have to qualify the exam within 2 years (consecutive 4 attempts). Those who are unable to do so, have to start afresh.
JAIIB: Main Syllabus
There are 3 papers in the JAIIB exam, the syllabus of which are bifurcated into various modules. To provide a clarity, we have collated the modules in the tables given below:
Paper 1: Principles & Practices of Banking
|Module A: Indian Financial System||Indian Financial System – An Overview
Role and Functions of Capital Markets, SEBI
Recent Developments in the Financial System
Retail, Wholesale and International Banking
Factoring, Forfeiting Services, and Off-Balance BCSB
Role of Money Markets, Debt Markets & Forex Market, etc.
|Module B: Bank Functions||Banker Customer Relationship
KYC/ AML/ CFT norms
Opening accounts of various types of customers
Payment and Collection of Cheques and Other Negotiable Instruments
Ancillary Services and Cash Operations
Self Help Groups, etc.
|Module C: Banking Technology||Role of Technology
Overview of IT Act
Essentials of Bank Computerization
Payment Systems and Electronic Banking
Data Communication Network and EFT systems
Electronic Banking and Vigilance
|Module D: Support Services||Introduction to Marketing
Pricing and Distribution
Social Marketing/ Networking
Consumer Behavior and Product
Marketing Information Systems
Role of Agents in Marketing
|Module E: Ethics In Banks And Financial Institutions||Work and Banking EthicsEthics at Individual LevelsEthical Dimensions|
Paper-II: Accounting & Finance for Bankers
|Module A: Business Mathematics And Finance||Calculation of Interest, Annuities, and YTM
Foreign Exchange Arithmetic
|Module B: Bookkeeping & Accountancy||Definition, Scope and Accounting Standards
Maintenance of Cash/ Subsidiary Books and Ledger
Bank Reconciliation Statement
Bills of Exchange
Revenue and Capital Expenditure
|Module C: Final Accounts||Balance Sheet Equation
Preparation of Final Accounts
Accounting in a Computerized Environment
Company Accounts I & II
|Module D: Bank Operations||Banking Operations & Accounting Functions|
Also Read: Insurance and Banking Colleges in India
Paper 3 of JAIIB consists of 3 modules namely, Regulations and Compliance, Legal Aspects of Banking Operations, Bank Related Laws, and Commercial Laws (related to banking sector). Some of the topics covered under this paper have been given a rundown below.
|Legal Framework of Regulation of Banks||Control over Organization of Banks||Financial Sector Legislative Reforms|
|Different Types of Borrowers||Secured and Unsecured Loans, Registration of Firms and Incorporation of Companies||Laws Relating to Bill Finance|
|Registration and Satisfaction of Charges||Recovery of Debts due to Banks and Financial Institutions Act, 1993(DRT Act)||The Legal Services Authorities Act, 1987|
|The Law of Limitation||Negotiable Instruments Act, 1881||Indian Contract Act, 1872|
|The Sale of Goods Act, 1930||Indian Partnership Act, 1932||Foreign Exchange Management Act, 1999|
JAIIB Study Material
IIBF recommends study material for the JAIIB Examination. All these books are available in two languages, English and Hindi. Here are the books recommended by IIIBF and their cost:
|Name of the Book||Published By||Cost|
|Principles & Practices of Banking||M/s Macmillan India Limited||INR 660|
|Banking ke Sidhanth Avam Vyavahar||M/s Taxmann Publications Private Ltd.||INR 870|
|Accounting & Finance for Bankers||M/s Macmillan India Limited||INR 440|
|Bankeron ke liye Lekhankan Avam Vittya||M/s Taxmann Publications Private Ltd.||INR 600|
|Legal and Regulatory Aspects of Banking||M/s Macmillan India Limited||INR 440|
|Banking ke Vidhik Paksh||M/s Taxmann Publications Private Ltd.||INR 700|
Also Read: MBA in Banking and Finance
After the examination is done, JAIIB results will be announced on the official IIBF website. Students who receive marks equal to or more than the cut off will qualify for the examination. Each section of the JAIIB exam is 100 marks and the passing criteria for each exam is 50% result i.e. minimum 50 marks.
Also Read: Scope of Banking Courses
Hopefully, through this blog, you have not got an overview of the JAIIB examination. Exploring Finance and Bank Management courses abroad? Not sure how to go about it? Then get in touch with the experts at Leverage Edu through an E-meeting where our professionals will help you choose the university and will also assist in completing application formalities!