JAIIB 2021

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JAIIB

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.

Key Highlights

Exam NameJunior Associate of the Indian Institute of the Bankers
Conducted ByIndian 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 FrequencyTwice a year – May/June and November/December
Duration 2 Hours 
Mode of ExaminationOnline-based
Medium of ExamHindi/English
Total Marks 100
Number of Questions120 (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 DateMain Subjects 
02-05-2021Principles & Practices of Banking
09-05-2021Accounting & Finance for Bankers
16-05-2021Legal & Regulatory Aspects of Banking
Examination DateMain Subjects 
07-11-2021Principles & Practices of Banking
14-11-2021Accounting & Finance for Bankers
21-11-2021Legal & 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 Attempt2,700 INR
Second Attempt 1,300 INR
Third Attempt1,300 INR
Fourth Attempt 1,300 INR

Late Fees

01.09.2021 to 07.09.2021 Normal Examination fees
08.09.2021 to 21.09.2021Normal 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

Online Application

The online application process for JAIIB exam is fairly easy. You can follow the mentioned steps to easily apply for the exam:

  1. Visit the official website of the Indian Institute of Banking and Finance
  2. Click on ‘Examination/ Course’ Option on the right side of the website
  3. Select Flagship Courses
  4. Select JAIIB and you will receive the online application link

JAIIB Centres

There are a total 649 centres for the JAIIB exam that include domestic and international centres. 

Some of the prominent centres include:

  1. New Delhi
  2. Vellore
  3. Mumbai
  4. Ahmednagar
  5. Dubai

Here is the list of all the centres for JAIIB exam.

Examination Pattern

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.

SubjectTotal No. of Questions Maximum MarksQualifying MarksDuration 
Principles and Practices of Banking  120100502 hours 
Accounting and Finance for Banker 12010050 2 hours 
Legal and regulatory aspects of Banking 12010050 2 hours 

Passing Criteria

  • 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 SystemIndian Financial System – An Overview
Banking Regulation
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 FunctionsBanker Customer Relationship
KYC/ AML/ CFT norms
Consumer Protection
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 TechnologyRole of Technology
Overview of IT Act
Essentials of Bank Computerization
Payment Systems and Electronic Banking
Data Communication Network and EFT systems
Security Considerations
Electronic Banking and Vigilance
Module D: Support ServicesIntroduction to Marketing
Pricing and Distribution
Channel Management
Social Marketing/ Networking
Consumer Behavior and Product
Marketing Information Systems
Role of Agents in Marketing
Module E: Ethics In Banks And Financial InstitutionsWork and Banking EthicsEthics at Individual LevelsEthical Dimensions

Paper-II: Accounting & Finance for Bankers

Module A: Business Mathematics And FinanceCalculation of Interest, Annuities, and YTM
Capital Budgeting
Foreign Exchange Arithmetic
Depreciation
Module B: Bookkeeping & AccountancyDefinition, Scope and Accounting Standards
Maintenance of Cash/ Subsidiary Books and Ledger
Bank Reconciliation Statement
Bills of Exchange
Trial Balance
Revenue and Capital Expenditure
Module C: Final AccountsBalance Sheet Equation
Preparation of Final Accounts
Ratio Analysis
Accounting in a Computerized Environment
Company Accounts I & II
Module D: Bank OperationsBanking 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 BanksControl over Organization of BanksFinancial Sector Legislative Reforms
Different Types of BorrowersSecured and Unsecured Loans, Registration of Firms and Incorporation of CompaniesLaws Relating to Bill Finance
Registration and Satisfaction of ChargesRecovery of Debts due to Banks and Financial Institutions Act, 1993(DRT Act)The Legal Services Authorities Act, 1987
The Law of LimitationNegotiable Instruments Act, 1881Indian Contract Act, 1872
The Sale of Goods Act, 1930Indian Partnership Act, 1932Foreign 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 BookPublished ByCost
Principles & Practices of BankingM/s Macmillan India LimitedINR 660
Banking ke Sidhanth Avam VyavaharM/s Taxmann Publications Private Ltd.INR 870
Accounting & Finance for BankersM/s Macmillan India LimitedINR 440
Bankeron ke liye Lekhankan Avam VittyaM/s Taxmann Publications Private Ltd.INR 600
Legal and Regulatory Aspects of Banking M/s Macmillan India LimitedINR 440
Banking ke Vidhik PakshM/s Taxmann Publications Private Ltd.INR 700

Also Read: MBA in Banking and Finance

JAIIB Result

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!

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