JAIIB Exam Guide

JAIIB Exam (Junior Associate of the Indian Institute of Bankers) is conducted twice in a year in June and December. JAIIB Exam is held by Indian Institute of Banking and Finance (IIBF).

In most of public sector banks and financial institutions JAIIB and CAIIB membership is a requirement to get promotion. So for those who have decided to get into a public sector and preparing hard for IBPS exams, he should also prepare for JAIIB.

Exam Schedule

• Held twice a year: May and November

Eligibility

• Open to ordinary members of Indian Institute of Banking & Finance (IIBF)
• Must have passed 12th standard or equivalent
• Exceptions allowed for clerical/supervisory staff with manager’s recommendation
• Subordinate staff eligible if they meet criteria

JAIIB Exam Fee Based on Attempts

The details of the JAIIB Examination Fees are as follows:

Attempt	Fee (₹)
First Attempt	₹4,000 + GST
Second Attempt	₹1,300 + GST
Third Attempt	₹1,300 + GST
Fourth Attempt	₹1,300 + GST
Fifth Attempt	₹1,300 + GST

Passing Criteria

• Pass with 50/100 per subject
• OR 45+ in each subject + aggregate 50% in one attempt
• Credits retained for passed subjects till time limit expires

Time Limit

• 5 attempts within 3 years from registration
• If exhausted, candidate must re-enrol and start fresh
• Attempts counted at time of registration, regardless of appearance

JAIIB Exam Structure

Subjects	No. of Questions	Total Marks	Duration
Indian Economy & Indian Financial System	100	100	2 hours
Principles & Practices of Banking	100	100	2 hours
Accounting and Financial Management for Bankers	100	100	2 hours
Retail Banking & Wealth Management	100	100	2 hours

• No negative marking
• Online MCQ format
• Medium: English or Hindi

JAIIB is consists of three subjects namely :-

1. Indian Economy & Indian Financial System
2. Principles & Practices of Banking 
3. Accounting & Financial Management For Bankers
4. Retail Banking & Wealth Management

JAIIB Syllabus

Paper I : Indian Economy & Indian Financial System

Module A: Indian Economic Architecture

• An overview of Indian Economy
• Role of Priority Sector and MSME in the Indian Economy
• Infrastructure including Social Infrastructure
• Globalisation – Impact on India
• Economic Reforms
• Foreign Trade Policy, Foreign Investments and Economic Development
• International Economic Organizations (World Bank, IMF etc.)
• Climate change, Sustainable Development Goals (SDGs)
• Issues facing Indian Economy

Module B: Economic Concepts Related To Banking

• Fundamentals of Economics, Microeconomics, Macroeconomics and Types of Economies
• Supply and Demand
• Theories of Interest
• Business Cycles
• Monetary Policy and Fiscal Policy
• National Income and GDP Concepts
• Union Budget

Module C: Indian Financial Architecture

• Indian Financial System – An Overview
• Indian Banking Structure
• Banking Regulation Act, 1949 and RBI Act, 1934
• Development Financial Institutions
• Micro Finance Institutions
• Non-Banking Financial Companies
• Insurance Companies
• Indian Financial System - Regulators & their roles
• Reforms & Developments in the Banking sector

Module D: Financial Products And Services 

• Overview of Financial Markets
• Money Markets and Capital Markets
• Fixed Income Markets - Debt / Bond Markets
• Capital Markets and Stock Exchanges
• Forex Markets
• Interconnection of various markets/Market Dynamics
• Merchant Banking Services
• Derivatives Market including Credit Default Swaps
• Factoring, forfaiting & Trade Receivables Discounting System (TReDS)
• Venture capital
• Leasing and Hire Purchase
• Credit Rating agencies & their functions
• Mutual Funds
• Insurance Products
• Pension Funds (include APY, NPS)
• Guidelines on Para Banking & Financial Services provided by Banks
• Real Estate Investment Funds / Infrastructure Investment Fund (concept)

Paper II : Principles & Practices of Banking 

Module A: General Banking Operations

• Banker-Customer Dynamics
• AML-KYC Compliance
• KYC Operational Guidelines
• Account Opening for Diverse Customers
• Managing Deposit Accounts
• Clearing, Collection, and Cash Operations
• Special Banking Relationships
• Forex Remittance for Individuals
• NRI Business Operations
• Foreign Currency Accounts
• Cash Management Services
• Cheque Payment and Collection
• Roles of Paying and Collecting Banks
• Ancillary Banking Services
• Financial Inclusion and Literacy
• Customer Service Standards
• Rights and Duties of Bankers and Customers
• RBI Ombudsman Scheme 2021
• Consumer Protection Act, 2019
• Right to Information Act, 2005

Module B - Functions of Banks

• Lending Principles
• Borrower Types and Credit Facilities
• Credit Appraisal and Assessment
• Loan Account Management
• Collateral Types and Characteristics
• Security Charging Methods
• Documentation Processes
• Non-Performing and Stressed Assets
• Recovery Laws
• Indemnity, Guarantees, and Bank Guarantees
• Letters of Credit and Deferred Payment Guarantees
• Bill Finance Regulations
• Credit Cards, Home, Personal, and Consumer Loans
• Priority Sector Lending
• Agricultural Financing
• MFI and NBFC Co-Lending
• MSME Financing
• Government-Sponsored Schemes
• Self-Help Groups

Module C: Banking Technology

• Bank Computerisation Essentials
• Core Banking System Operations
• Digital Banking Channels
• Data Communication and EFT Systems
• NPCI Digital Payment Systems
• Technology Adoption Trends
• Security Considerations and Mitigation Measures in Banks
• Cyber Security and Fraud Risk Management
• Cyber Crime Operations
• Emerging Tech: e-RUPI, Fintech, RegTech, SupTech, Hashtag Banking

Module D: Ethics in Banking

• Business Ethics in Banking
• Individual-Level Ethics
• Employee Ethical Responsibilities
• Workplace Ethics
• Evolving Banking Ethics Trends

Paper III: Accounting & Financial Management For Bankers

Module A : Accounting Principles And Processes

• Basic Accountancy Procedures
• Bank Reconciliation Statement
• Trial Balance, Rectification of Errors and Adjusting & Closing Entries
• Depreciation & its Accounting
• Capital and Revenue Expenditure
• Bills of Exchange
• Operational Aspects of Accounting Entries
• Back Office Functions/Handling Unreconciled Entries in Banks
• Bank Audit & Inspection

Module B: Functions of Banks

• Balance Sheet Equation
• Preparation of Final Accounts
• Company Accounts – I
• Cash Flow & Funds Flow
• Final Accounts of Banking Companies
• Core Banking Systems & Accounting in Computerised Environment
• An Overview of Financial Management
• Ratio Analysis
• Financial Mathematics - Calculation of Interest & Annuities
• Financial Mathematics - Calculation of YTM
• Financial Mathematics - Forex Arithmetic
• Capital Structure and Cost of Capital
• Capital Investment Decisions/Term Loans
• Equipment Leasing/Lease Financing
• Working Capital Management
• Taxation: Income Tax/TDS/Deferred Tax
• Goods & Services Tax

Module C: Financial Management

• An Overview of Financial Management
• Ratio Analysis
• Financial Mathematics - Calculation of Interest & Annuities
• Financial Mathematics - Calculation of YTM
• Financial Mathematics - Forex Arithmetic
• Capital Structure and Cost of Capital
• Capital Investment Decisions/Term Loans
• Equipment Leasing/Lease Financing
• Working Capital Management
• Derivatives

Module D: Taxation And Fundamentals Of Costing

• Taxation: Income Tax/TDS/Deferred Tax
• Goods & Services Tax
• An Overview of Cost & Management Accounting
• Standard Costing
• Marginal Costing
• Budgets and Budgetary Control

Paper IV: Retail Banking & Wealth Management 

Module A: Retail Banking 

• Retail Banking: Introduction
• Retail Banking: Role within the Bank Operations
• Applicability of Retail Banking Concepts and Distinction between Retail and Corporate/Wholesale Banking
• Branch Profitability

Module B: Retail Products and Recovery

• Customer Requirements
• Product Development Process
• Credit Scoring
• Important Retail Liability Products
• Important Retail Asset Products
• Digitisation of Retail Banking Products
• Role of AI and Technology in Retail Banking
• Recovery of Retail Loans
• Management Information Systems
• Securitization

Module C: Support Services 

• Marketing – An Introduction
• Delivery Channels in Retail Banking
• Delivery Models
• Customer Relationship Management in Retail Banking
• Service Standards for Retail Banking
• Marketing Information Systems- A Longitudinal Analysis

Module D: Wealth Management

• Importance of Wealth Management
• Investment Management
• Tax Planning
• Other Financial Services Provided by Banks
• Lender’s Appraisal Procedure
• Housing Finance and Tax Planning
• Mortgage Advice
• Valuation of Real Property

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