JAIIB Exam 2023: Syllabus, Exam Pattern, Eligibility, and Exam Dates (2023)

JAIIB Special Class Carnival

The Institute of Banking and Finance officially announces the JAIIB June Exam Date 2023 on their official websites, along with many other crucial facts. The Junior Associate of Indian Institute of Bankers Test will be held at several examination locations around the country, and IIBF will release the dates. Check out the JAIIB Exam 2023 qualifying requirements, test schedule, and other details if you’re an interested banker.

JAIIB featured YouTube sessions:

• https://www.youtube.com/watch?v=n8DvmXcERyU
• https://www.youtube.com/watch?v=q6IF_UIp7eY
• https://www.youtube.com/watch?v=orfZy8QFEk4
• https://www.youtube.com/watch?v=r7eFZJSwLQY
• https://www.youtube.com/watch?v=yjhujLks5LM
• https://www.youtube.com/watch?v=7oQPKTiBX1I

1. What is the JAIIB Exam?
2. JAIIB Syllabus
3. JAIIB Exam Pattern
4. JAIIB Eligibility Criteria
5. JAIIB Exam Date
6. FAQs

The IIBF-recommended syllabus for JAIIB Exam is followed. It has recently been modified to reflect and accommodate the shifting skill needs of banking professionals. Each paper is further broken down into four modules, the specifics of which are shown below.

PAPER I – INDIAN ECONOMY & INDIAN FINANCIAL SYSTEM

MODULE A: INDIAN ECONOMIC ARCHITECTURE

• An overview of Indian Economy
• Economic Planning in India
• Sectors of the 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

• Money Supply and Inflation

• 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 Relationship
• AML-KYC Guidelines
• Operational Aspects of KYC
• Opening Accounts of Various Types of Customers

• Operational Aspects of Deposit Accounts
• Operational Aspects of Handling Clearing/Collection/Cash

• Banker’s Special Relationship
• Foreign Exchange Remittance Facilities for Individuals

• Operational Aspects of NRI Business

• Foreign Currency Accounts for Residents and Other Aspects

• Cash Management Services and Its Importance

• Payment and Collection of Cheques and Other Negotiable Instruments

• Responsibility of Paying Bank

• Responsibility of Collecting Bank

• Ancillary Services

• Financial Inclusion & Financial Literacy

• Customer Service Guidelines

• Duties & Rights of a Banker and Customer Rights

• Grievance Redressal & RBI Integrated Ombudsman Scheme 2021

• The Consumer Protection Act, 2019: Preamble, Extent and Definitions

• The Right to Information Act, 2005

MODULE B: FUNCTIONS OF BANKS

• Principles of Lending, Different Types of Borrowers, and Types of Credit Facilities

• Appraisal and Assesement of Credit Facilities

• Operational Aspects of Loan Accounts
• Types of Collaterals and Their Characteristics

• Different Modes of Charging Securities

• Documentation

• Non-Performing Assets/ Stressed Assets

• Important Laws Relating to Recovery Of Dues

• Contracts of Indemnity

• Contracts of Guarantee & Bank Guarantee

• Letters of Credit

• Deferred Payment Guarantee

• Laws Relating to Bill Finance

• Credit Cards, Home Loans, Personal Loans, Consumer Loans

• Priority Sector Advances

• Agricultural Finance
• Finance to MFIs/Co-Lending Arrangements with NBFCs

• Micro, Small and Medium Enterprises in India

• Government Sponsored Schemes

• Self-Help Groups

MODULE C: BANKING TECHNOLOGY

• Essentials of Bank Computerisation

• Operational Aspects of CBS Environment

• Alternate Delivery Channels – Digital Banking

• Data Communication Network and EFT Systems

• Digital Payment Systems – NPCI

• Impact of Technology Adoption and Trends in Banking Technology

• Security Considerations and Mitigation Measures in Banks

• Operational Aspects of Cyber Crimes/Fraud Risk Management in Cyber Tech

• Technology trends in Banking, e-RUPI, Fintech – RegTech, SupTech, Hashtag banking

etc.

MODULE D: ETHICS IN BANKS AND FINANCIAL INSTITUTIONS

• Ethics, Business Ethics & Banking: An Integrated Perspective

• Ethics at the Individual Level

• Ethical Dimensions: Employees

• Work Ethics and the Workplace

• Banking Ethics: Changing Dynamics

PAPER III – ACCOUNTING & FINANCIAL MANAGEMENT FOR BANKERS

MODULE A: ACCOUNTING PRINCIPLES AND PROCESSES

• Definition, Scope and Accounting Standards including Ind AS

• Basic Accountancy Procedures

• Maintenance of Cash/Subsidiary Books and Ledger

• 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: FINANCIAL STATEMENTS AND CORE BANKING SYSTEMS

• Balance Sheet Equation

• Preparation of Final Accounts

• Company Accounts – I

• Company Accounts – II

• Cash Flow & Funds Flow

• Final Accounts of Banking Companies

• Core Banking Systems & Accounting in Computerised Environment

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

• Costing Methods

• 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

MOUDLE B: Retail Products and Recovery

• Customer Requirements

• Product Development Process

• Credit Scoring

• Important Retail Liability Products

• Important Retail Asset Products

• Credit and Debit Cards

• Remittance 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 of Banking Services/Products

• 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

• Additional Reading Material on Home Loans
• Lender’s Appraisal Procedure

• Housing Finance and Tax Planning

• Mortgage Advice

• Valuation of Real Property

The JAIIB examination pattern has been made public. JAIIB 2023 will include four papers, following the current exam format. Below are the specifics of the JAIIB Exam Pattern:

The four papers of the JAIIB Examination are

1. Indian Economy and Indian Financial System
2. Principles and Practices of banking
3. Accounting and Finance for Bankers
4. Retail Banking and Wealth Management

Other details:

• The test is objective in nature
• The test comprises 100 questions.
• Each paper is of 100 marks
• Time allotted for each paper is 120 minutes.
• For each incorrect response, one fourth mark assigned to the question will be deducted.
• Entrants will be considered if they get at least 45 marks in each subject and a cumulative 50% in all subjects in one attempt.

Candidates must meet the following requirements to be eligible to sit for the Junior Associate of Indian Institute of Bankers examination:

• The applicant has to be employed in the banking and finance industry.
• If they have completed class 12, junior staff employees of IIBF-affiliated banking and financial institutions are eligible to sit for the JAIIB test.
• On the suggestion of the Manager or the Officer in Charge of the Bank where they are employed, applicants who have not passed the 12th class or equivalent examination may sit for the JAIIB test for the clerical or supervisory staff cadre.

Age Limit

The JAIIB Exam 2023 test has no age restrictions. However, candidates must work in the banking and financial industry.

Number of Attempts

The essential details about how many attempts and how long it takes to pass this test are as follows:

• Applicants must re-register if they cannot pass the test after three years or five tries, whichever comes first. Such applicants will not be given credit for any prior passed subjects.
• Starting when you register for the first try, the three-year window or five tries, whichever comes first, will begin.
• Attempts will be recorded when an applicant applies for the examination, whether or not the individual takes the test.
• A candidate will be qualified to apply for any five of the six exams within three years.

Candidates should be aware of important dates and events to help in planning. Here are the significant events and dates for the 2023 JAIIB Exam.

Important Dates for JAIIB May 2023 Cycle

Important Dates for JAIIB October 2023 Cycle

Conclusion

Any exam involves preparation, so having a strategy in place is essential. Candidates with a study strategy succeed and exceed their rivals on the day of the JAIIB Exam. First, look at the papers from the previous year and note the questions that came up again. Then, to begin preparing for the exam, highlight the essential concepts for each topic. To ensure that you can cover all the themes in the article, give each subject the same amount of time. Finally, often take practice examinations to assess your performance and pinpoint your improvement areas. We hope you found this article to be informative and worthwhile. If you have any concerns, please don’t hesitate to get in touch with us.