How to Prepare for JAIIB Exam : All you Need to Know

How to Prepare for JAIIB Exam : All you Need to Know

Every aspiring bankers in India wants to clear the flagship exam JAIIB – Junior Associate of Indian Institute of Banking & Finance conducted by IIBF. Every year many young talented people irrespective of their graduation are newly recruited by all Scheduled Banks. All of them wanted to clear this exam and in general there are three types of bankers who want to clear this exam:

1. Persons who want to clear it for Promotion,
2. Persons who wants to clear it for Increment,
3. Persons who wants to clear for acquiring knowledge. 

The reason for you to pass the exam may be anything but its good you want to start preparing for the exam and crack it. Every one needs motivation and inspiration to move forward in life. It is the motivation that most bankers don’t have. After the busy and hectic every day work, when a banker simply seeing the syllabus, he get frustrated and loses his hope especially non commerce students.

But you have to keep yourself motivated and keep your wish to pass the exam alive, until you crack the exam. To prepare for the exam we recommend four simple steps.

Now, in this article, we will be discussing about the Exam Pattern, Eligibility and Schedule of the JAIIB Examination.

Both JAIIB and DB&F are conducted two times in a year – One in around month of May and second time in around month of November on the three consecutive Sundays of the month.

Eligibility Criteria for JAIIB Exam:-

1. Anyone working in banking or any other financial industry should register themselves firstly as an ordinary member at IIBF (Indian Institute of Banking & Finance) whose employer is an Institutional member of the Institute can apply for membership.
2. Candidates must have passed the matriculation examination or its equivalent. The Institute may, however at its discretion, allow any candidate from clerical or supervisory staff cadre of banks to appear at the examination on the recommendation of the Manager of the bank / officer-in-charge of the bank’s office where the candidate is working, even if he/she is not a matriculate or its equivalent.

SUBJECTS OF JAIIB EXAMINATION:-

1. Principles & Practices of Banking
2. Accounting & Finance for Bankers
3. Legal & Regulatory Aspects of Banking

There is no exemption in any of the subject/s for prior qualification/s.

PASSING CRITERIA FOR JAIIB EXAMINATION:

1. Minimum marks for pass in the subject is 50 out of 100.
2. Candidates securing at least 45 marks in each subject with an aggregate of 50% marks in all subjects of examination in a single attempt will also be declared as having completed the Examination.
3. Candidates will be allowed to retain credits for the subject they have passed in an attempt till the expiry of the time limit for passing the examination as mentioned below :

TIME LIMIT FOR PASSING THE JAIIB EXAMINATION:

1. Candidates will be required to pass the examination within a time limit of 2 years (i.e. 4 consecutive attempts).
2. Candidates not able to pass the examination within stipulated time period of two years are required to re-enrol themselves afresh. Such candidates will not be granted credit/s for subject/s passed, if any, earlier.
3. Time limit of 2 years will start from the date of application for First attempt. Attempts will be counted irrespective of whether a candidate appears at any examination or otherwise.

EXAMINATION FEES FOR JAIIB EXAMINATION::-

Description	Fee*
First attempt fee	Rs. 2,400 /-
Second Attempt fee	Rs. 1,000 /-
Third Attempt fee	Rs. 1,000 /-
Fourth Attempt Fee	Rs. 1,000 /-

* Plus convenience charges and Taxes as applicablePlease Note: Candidates are required to Register for every attempt separately.

MEDIUM OF JAIIB EXAMINATION:

Candidates are allowed to attempt the examination either in Hindi or English, and should clearly fill in their choice of medium at the time of registration of application. In any case change of medium will not be allowed at a later stage.

Know the Structure of JAIIB Exam:

The aim of conducting the exam is to provide basic knowledge to the persons working in banking & financial services for their day-to-day banking operations.

I am giving the snippets of the JAIIB exam structure in the following table. For full Rules & Syllabus for JAIIB Examination click here and download the JAIIB syllabus.

Structure of JAIIB Exam	Explanation
Eligibility	You should be an ordinary member of the Institute. You should have completed  matriculation examination or its Equivalent.
Exam Subjects/Papers	Principles & Practices of Banking Accounting & Finance for Bankers Legal & Regulatory Aspects of Banking
Pattern	Each paper will have 120 objective type multiple choice questions. The total marks of the paper is 100. The marks to each question will be 0.50,1 and 2 depending upon the difficulty of the question. NO negative marks
Duration	02 hrs for each paper.
Mode	Only through online at a specified center (it should be selected at the time of applying for the exam). The center can be changed before the cut off date specified by the IIBF.
Periodicity	January/February June/July Note: For correct schedule of exam visit http://www.iibf.org.in
Medium	Hindi or English (should be selected while applying for the exam itself)
Time Limit	Two years (4 Consecutive attempts)
Examination fee	The Block of attempts concept is now removed by IIBF. Hereafter we have to register for JAIIB exam every attempt and pay the applicable fees as described below. For First attempt* – Rs.2400/- + GST For Second attempt – Rs.1000/- + GST For Third attempt – Rs.1000/- + GST For Fourth attempt – Rs.1000/- + GST *Note: Here the first attempt would mean 1st exam of the four consecutive exam (two years). So if you failed to clear the exam in two years then you have to pay Rs.2400/- again and appear for the first attempt of the next two years.
Extended days of registration	Candidates can now apply for the exam if they missed the regular open period of registration by paying late fee of Rs.200/- + Taxes. The period of extension for registration of the exam will be specified in the IIBF website schedule of the exam.
Passing mark for a subject	Minimum pass mark is 50% in each subject. One exemption for clearing all papers in single attempt: In a single attempt, if you scored at least 45 marks in each subject with a total of 50% marks in all subjects of JAIIB examination you will also be declared as having passed JAIIB Examination.
Passing of examination	Getting minimum 50% of marks in each subject with in four consecutive attempts is declared as passing the exam. Getting minimum 45% of marks in each subject with an aggregate of 50% of marks in all subject in a single attempt is also declared as passing the exam.

Passing of JAIIB Exam : A common misconception among some bankers

• I have seen many of my colleagues who are appearing for the exam for the 1st block ( first attempt/ 2nd attempt)  and score below 45 in one or two subjects. Then they won’t appear for the next paper saying “no use for appearing in the second or third paper, because I scored below 45 in one subject. So even if i clear remaining papers i won’t pass the exam”.
• This is a completely wrong perspective/understanding about the structure of JAIIB exam. Since the passing tenure of the JAIIB exam is 2 years (4 consecutive attempts). If we scored minimum 50 marks in any one subject in one attempt of the first three consecutive attempts, then the passing credit for that subject is passed to the subsequent attempts.
• Even if we have not cleared all of our papers in any first three consecutive attempts, we don’t need to appear for the cleared paper during the tenure of the exam. If a person has not cleared all the three papers in four consecutive attempts, then only the passing credit will be terminated. He/she have to appear for all the papers again for next tenure of two years.
• So don’t lose the hope; Kindly attend all the papers in first three consecutive attempts irrespective of results (provided if you have score 50 or more in a paper). Since all are multiple choice questions, there is a possibility of passing the paper by luck. Then this passing credit is carried over to the next consecutive attempt.
• Even if the person has scored below 50, he/she has acquired experience about the pattern of question. And he/she has tested their knowledge in that paper. Good Luck!!!

Thanks

Team AIMSUCCESS