Junior Associate of the Indian Institute of Bankers (JAIIB) are the ones who are recruited for taking care of the various banking and financial operations. With the constant increase in the operations of banking and financial sectors, there is a growing need of professionals who can take care of various banking and financial operations. It will never be easy to combat the challenge without professionals of excellent quality. The professionals who are already working in the banking and finance industry will be more capable to take the task of such standards.
JAIIB Exam: Eligibilty
The eligibility for the JAIIB exam is something different from the usual banking exams that are conducted by the IBPS or SBI. IBPS or SBI exams are open for the common candidates people but the JAIIB exam is not open for the common candidates. Lets see the eligibility of the exam:
(a) The JAIIB exam is not open for the common candidates but it is open only to those who are already working in the banking and finance industry. The candidates should make sure that his employer is a member of the Institute.
(b) The candidates who wish to apply for the post must have passed Matric exam or equivalent. However, the candidate, if not the one who has passed the Matric exam and working in a bank, can be allowed to appear for the exam, on the discretion of the institute. However, such candidates need the recommendation of the Manager of the bank.
(c) The subordinate staff of recognised banks and financial institutions, who have passed Matric exam, are eligible to apply for the post. However, the bank or the financial institute should be a member of the Institute.
JAIIB Exam: Subjects of Exam
The candidates who are eligible to appear for the exam need to know the subjects of the exam. The subjects of the exams are the ones that will be tested in the exam. Here are the subjects:
(a) Principles & Practices of Banking
(b) Accounting & Finance for Bankers
(c) Legal & Regulatory Aspects of Banking
Note: Even if the candidate has already possessed the prior qualification in any of the subjects, there will not be any exemption. All the papers will be tested for 100 marks and the candidates will have to secure a minimum of 50 marks in the exam to be declared qualified.
The candidates who appear for the first time, will be declared qualified, if they secure a minimum of 45 marks in each subject and 50 per cent in aggregate. The candidates will be allowed to retain the credits till his last attempt of the exam.
Time Limit for Passing JAIIB Exam
The candidates who are going to appear for the JAIIB exam need to take note that there is a time limit to qualify the exam. If the candidates do not qualify the exam within the given time limit then they will have to enrol themselves for the exam again. The time limit for the exam is two years and there will be a total of 4 attempts as the exam is conducted twice a year i.e. in the month of May and in the month of November. The exam is conducted on Sundays only.
After the enrolment, if the candidates take the attempt or leaves it, it will be counted as an attempt.
JAIIB Exam: Exam Pattern
The candidates who are to appear for the exam always want to know the exam pattern so that they can prepare accordingly. The exam pattern gives them an idea of the preparation. The JAIIB exam usually has approximately 120 questions that are either in MCQs form or based on case studies and case lets. Total marks for the exam is 100. The candidates should note that the number of the questions may vary and they need to take care of it.
The candidates should also note that the JAIIB exam is held in the online mode only and there is no provision of the negative marking in the exam. The duration of the exam is 2 hours and the questions can be attempted either in Hindi or in English language. However, the candidates have to indicate the medium of the exam while registering for the same. There will not be any change in the medium once opted.
JAIIB Exam: Syllabus
Without syllabus, there is nothing a candidates can achieve in the exam. The knowledge of the syllabus is very important as it lets the candidates know what to read and how much to read. The candidates who are looking for the syllabus of the JAIIB exam need to know that the institute has its own course ware for the candidates. The books are available on the website and at the outlets of the publishers. Though, the course ware is self sufficient, yet the candidates need to look for some other sources for better reading.
Below is the detailed syllabus of the exam:
Paper 1:Principles & Practices of Banking
Module A- Indian Financial System
Indian Financial System – An Overview, Banking Regulation, Retail Banking, Wholesale and International Banking, Role of Money Markets, Debt Markets & Forex Market, Role and Functions of Capital Markets, SEBI, Mutual Funds & Insurance Companies, Bancassurance & IRDA, Factoring, Forfaiting Services and Off-Balance Sheet items, Risk Management, Basel Accords, CIBIL, Fair Practices Code for Debt Collection, BCSBI, Recent Developments in the Financial System
Module B-Functions of Banks
Banker Customer Relationship, KYC / AML / CFT norms, Bankers’ Special Relationship, Consumer Protection - COPRA, Banking Ombudsman Scheme, Payment and Collection of Cheques and Other Negotiable Instruments, Opening accounts of various types of customers, Ancillary Services, Cash Operations, Principles of lending, Working Capital Assessment and Credit Monitoring, Priority Sector Advances, Agricultural Finance, Micro, Small and Medium Enterprises, Government Sponsored Schemes, Self Help Groups, Credit Cards, Home Loans, Personal Loans, Consumer Loans, Documentation, Different Modes of Charging Securities, Types of collaterals and their characteristics, Non Performing Assets, Financial Inclusion, Financial Literacy
Module C-Banking Technology
Essentials of Bank Computerization, Payment Systems and Electronic Banking, Data Communication Network and EFT systems, Role of Technology Upgradation and its impact on Banks, Security Considerations, Overview of IT Act, Preventive Vigilance in Electronic Banking
Module D- Support Services- Marketing of Banking
Services/Products, Marketing – An Introduction, Social Marketing / Networking, Consumer Behaviour and Product, Pricing, Distribution, Channel Management, Promotion, Role of Direct Selling Agent / Direct Marketing Agent in a bank, Marketing Information Systems – a longitudinal analysis
Paper 2- Accounting and Finance for Banks
Module A-Business Mathematics and Finance
Calculation of Interest and Annuities, Calculation of YTM, Capital Budgeting, Depreciation and its Accounting, Foreign Exchange Arithmetic
Module B- Principles of Bookkeeping and Accountancy
Definition, Scope and Accounting Standards, Basic Accountancy Procedures, Maintenance of Cash / Subsidiary Books and Ledger, Bank Reconciliation Statement, Trial Balance, Rectification of Errors and Adjusting & Closing Entries, Capital and Revenue Expenditure, Bills of Exchange
Module C- Final Accounts
Balance Sheet Equation, Preparation of Final Accounts, Ratio Analysis, Final Accounts of Banking Companies, Company Accounts I & II, Accounting in a Computerized Environment
Module D- Banking Operations
Banking Operations & Accounting Functions
Paper 3- Legal and Regulatory Aspects of Banking
Module A- Regulations and Compliance
Legal Framework of Regulation of Banks, Control over Organization of Banks, Regulation of Banking Business, Returns Inspection, Winding up, Mergers & Acquisitions, Public Sector Banks and Co-operative Banks, Financial Sector Legislative Reforms, Recent Legislative Changes in RBI Act, Financial Sector Development Council
Module B- Legal Aspects of Banking Operations
Different Types of Borrowers, Types of Credit Facilities, Secured and Unsecured Loans, Registration of Firms and Incorporation of Companies, Indemnities, Bank Guarantees, Letters of Credit, Deferred Payment Guarantees, Laws Relating to Bill Finance, Various Types of Securities, Laws Relating to Securities and Modes of Charging – I, Laws Relating to Securities and Modes of Charging – II, Registration and Satisfaction of Charges, Case Laws on Responsibility of Paying Bank, Case Laws on Responsibility of Collecting Bank
Module C- Banking Related Laws
Recovery of Debts due to Banks and Financial Institutions Act, 1993(DRT Act), Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI), Banking Ombudsmen Scheme, Bankers Books Evidence Act, 1891, The Legal Services Authorities Act, 1987, The Consumer Protection Act, 1986 and CERSAI, The Law of Limitation, Tax Laws, Negotiable Instruments Act, 1881, Payment & Settlements Systems Act, 2007
Module D- Commercials Laws with Reference to Banking Operations
Indian Contract Act, 1872, The Sale of Goods Act, 1930, Indian Partnership Act, 1932, Definition and features of a company, The Companies Act, 1956 (Now Companies Act, 2013 ), Foreign Exchange Management Act, 1999, Transfer of Property Act, 1882, The Right to Information Act, 2005, Right to Information and Obligation of Public Authorities, The Prevention of Money Laundering Act, 2002, Information Technology Act, 2000
The candidates who are going to appear for the exam need to take note of the eligibility, as this exam is not open to all, exam pattern and syllabus. The idea of these things will keep them ahead in their preparation.