JAIIB Examination
JAIIB Exam is conducted by the Indian Institute of Banking and Finance (IIBF), Mumbai with an objective of enhancing the basic knowledge of banking and financial services. The course aims at forming a strong foundation regarding the framework and functioning of banking industry, banking technology, customer service management, accounting and legal departments in banking, which every banker should possess. The course not only emphasis on creating a strong theoretical base but also provide practical insights. The Indian Institute of Banking and Finance (IIBF) conducts JAIIB exams twice a year, during April/ May and November/ December. The dates for April / May 2014 exam have been announced and the last day to apply for the same is 25th March 2014.
Who is Eligible to Apply for JAIIB Exam?
JAIIB can be attempted by the members of the Institute.
“IIBF Members are those individuals who are Life members of the Institute and are employees of a banking establishment or financial institution or any other institution, which is an Institutional Member of the Institute”.
Non-Members those who aspire to pursue a career in banking can apply for Diploma in banking and Finance which is equivalent to JAIIB. The applicants should be 12th pass.
Subjects
1) Principles and Practices of Banking
2) Accounting and Finance for Bankers
3) Legal and Regulatory Aspects of Banking
Exam Details
• Exam can be given in English or Hindi and the choice has to be specified in the application form. The exam will be conducted in online mode and at certain centres where the strength is very less it will be conducted offline.
• The exam is conducted on 3 consecutive Sundays and the duration will be 2 hours. There will be approximately 120 objective type multiple choice questions for 100 marks and there is no negative marking. The questions are framed in order to test the knowledge, conceptual understanding, analytical, logical and problem solving ability and case analysis aptitude of the applicant.
• Pass mark is 50 out of 100 for each subject. Candidates having at least 45 marks in each subject and an aggregate of 50% in all subjects in a single attempt are also considered to have completed the exam. Time frame for passing the exam is 2 years. Please refer to www.iibf.org.in for detailed information.
(checkout our post on CAIIB Exam 2014 – Syllabus / Preparation Tips)
How to Apply
The application for JAIIB exam can be made online through the website www.iibf.org.in. You have to provide the scanned copies of your ID proof, photo and signature.
Further instructions are given in their website.
Fees to be paid is Rs. 2697/- for the first two attempts and for the second two attempts also it is 2697/-.
Syllabus for JAIIB Exam
PAPER 1: PRINCIPLES & PRACTICES OF BANKING
Module A – Indian Financial System
The module gives an overview of the Indian Financial System, Banking regulations, Retail, Wholesale and International banking, role and functions of RBI, SEBI, Capital markets IRDA, CIBIL etc
Module B – Functions of Banks
Describes Deposits, credits, priority sector banking and customer relationship
Credit: Agriculture / SMEs / SHGs / SSI / Tiny Sector Financing
Module C: Banking Technology, discusses on role and impact of technology and computerisation in banks
Module D is regarding the marketing aspects in Banking.
Candidates would be able to acquire knowledge about various functions associated with banking and the practice and procedures relating to deposit and credit, documentation, monitoring and control. It will also provide a fair idea regarding the marketing of banking services and banking technology.
PAPER 2: ACCOUNTING & FINANCE FOR BANKERS
Module A – Basics of Business Mathematics, deals with calculation of interest, bonds, capital budgeting, depreciation etc.
Module B – Accounting in Banks / Branches identify the scope of accounting standards, basic accountancy and record keeping procedures
Module C – Bank Accounting and Balance Sheet define rules for bank accounts accounting for NPA provisioning, preparation of final accounts
Module D – Other Accounts describes partnership accounts, bank reconciliation statement company accounts and classes of share capital
The candidate would be able to acquire the knowledge of the basics of financial mathematics and basics of accountancy and develop an understanding of the basic financial concepts.
Module E is regarding Computerized Accounting
PAPER 3: LEGAL & REGULATORY ASPECTS OF BANKING
Module A – Regulations and Compliance: The questions in this section will be with reference to legal issues and problems. The module discusses the provisions of RBI act 1935, Role of RBI, amalgamation, mergers, disclosure of accounts and balance sheets, corporate governance etc.
Module B – Legal Aspects of Banking Operations is regarding case laws on responsibility, indemnities guarantees, laws relating to bill finance, LC, securities charges etc
Module C – Banking Related Laws covers Law of Limitation, Bankers Book Evidence Act, TDS and Service tax, SARFAESI Act, Banking Ombudsman 2006 etc
Module D – Commercial Laws with reference to Banking Operations is an overview of the Companies Act, FEMA, Prevention of Money Laundering Act, Information Technology Act and other relevant commercial laws related to banking.
Candidates would be able to understand the legal and regulatory structure and the various laws and enactments related to the banking system.
How to Prepare
A thorough and organised preparation is required to perform well. The institute is providing the following study materials that cover the syllabus. It is published by Macmillan Publication India Ltd
Principles and practices of Banking, Accounting and Finance for Bankers, Legal and Regulatory Aspects of Banking
Taxmann Publication has published the following Books for Hindi Medium
i) Banking Ke Siddhant
ii) Bankaron Ke Liye Lekhankan Evam Vitt
iii) Banking Ke Vidhik Paksh.
The books can be purchased at publishers outlets or directly by post from the publisher. Books are also available on online shopping portals like Flipkart.
Addresses of the publishers and the list of outlets have been given in the website.
It is important to go through the entire study materials and understand the concepts. The concepts can be internalised by associating some of your on the job experiences with the concepts and referring to some case studies. One can also discuss the subject with a more experienced colleague or superior. They can share their knowledge and some practical inputs to make your understanding better. The candidate should not restrict himself to the study materials alone. The Indian banking sector is ever evolving and new developments tend to happen. One should be updated regarding these developments by referring to newspapers, finance periodicals, articles, banking portals etc. RBI website, is an information treasure house and you can access the master circulars. Websites of SEBI, IRDA can also provide you in-depth information and the candidate should refer to these on a regular basis. You can expect questions regarding the changes and developments in the Banking and Financial sector.
For Accounting and Finance Paper – Candidate should be familiar with the formula and also try to work out the solutions for questions.
At the end of every chapter there are some practice questions. One has to attempt these so that it will help to gauge your understanding and familiarise you to the exam pattern.
Taxmann publication has come out with JAIIB Workbook. It provides you with a lot of sample questions. It is important to practice the tests given.
Once you register you will get user id and password to access the e-learning module which will further help you in reinforcing your knowledge. You can also enrol for the online mock tests by paying additional fees that will expose you to the real examination platform.
Attempting more sample questions and mock tests will help to improve your speed and accuracy which is integral to perform well.
Once you enter the examination hall take a deep breath and relax. Read the instructions carefully and in case of doubt you can refer to the invigilator. It is also important to read the questions and the choices carefully before attempting them.
JAIIB is not a hard nut to crack. A systematic and detailed preparation can definitely help you to come out in flying colours. All the best.
For Reference please refer to IIBF Website