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JAIIB Syllabus 2024 and Exam Pattern, Revised Syllabus

Last updated on 28-Nov-2023

JAIIB Syllabus 2024

IIBF conducts JAIIB Examination to recruit Junior Associates of the Indian Institute of Bankers. This examination is conducted for candidates who are already working in the banking sector and are members of the institute. The recruitment is not open to the common public. In 2024, IIBF made changes to the JAIIB Syllabus, and the new syllabus was released with the notification. If you have registered for the exam or are interested in the JAIIB Exam Syllabus, continue reading this article.

JAIIB Syllabus 2024 - Overview

InstitutionIndian Institute of Banking & Finance (IIBF)
Exam NameJAIIB
Course TypeFlagship
EligibilityMembers Only
Mode of ApplicationOnline
IIBF JAIIB Exam Date 2024-
Exam ConductedTwice in a year
Subjects
  1. Indian Economy & Financial System
  2. Accounting & Financial Management of Banking
  3. Principles & Practices of Banking
  4. Retail Banking & Wealth Management
Qualifying Marks50 out of 100
Official websitehttp://www.iibf.org.in/

Attempt a JAIIB 2024 Mock Test Now

JAIIB Exam Pattern

The JAIIB examination pattern has been officially released. According to the updated exam pattern, JAIIB 2024 will have four papers. The details of the JAIIB Exam Pattern are mentioned below:

The JAIIB Examination has four papers

  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

JAIIB Exam Type

  1. It is an objective type of examination.
  2. Each paper has 100 questions.
  3. The total marks of each paper are 100.
  4. The time limit of the examination is 120 minutes.
SubjectsNo. of QuestionsTotal MarksDuration
Indian Economy & Indian Financial System1001002 hours
Principles & Practices of Banking1001002 hours
Accounting and Finance for Bankers1001002 hours
Retail Banking & Wealth Management1001002 hours

The marking scheme of the Junior Associate of Indian Institute of Bankers Examination is mentioned below:

  • There will be no negative marking.
  • The minimum mark for passing in each subject will be 50 out of 100.
  • Candidates that secure at least 45 marks in each subject with an aggregate of 50% marks in all subjects of the examination in a single attempt will also qualify.

JAIIB New Syllabus 2024

The syllabus of JAIIB is as prescribed by IIBF. It has been recently updated to reflect and adapt to the changing requirements of skills among banking professionals. Each of the papers is further divided into 4 modules, the details of which are presented below in a tabular format.

ModulePaper I-
Indian Economy &
Indian Financial
System
Paper II-
Principles & Practices of
Banking
Paper III-
Accounting & Financial Management for
Bankers
Paper IV-
Retail Banking & Wealth Management
AIndian Economic
Architecture
General
Banking Operations
Accounting Principles
and Processes
Introduction to Retail
Banking
BEconomic Concepts Related to bankingLending Operations of
Banks
Financial Statements
and Core Banking Systems
Retails Products and
Recovery
CIndian Financial
Architecture
Banking TechnologyFinancial ManagementSupport Services – Marketing of Banking Services / Products
DFinancial Products
and Services
Ethics in Banks and Financial InstitutionsTaxation and Fundamentals of
Costing
Wealth Management

JAIIB Syllabus

The JAIIB Syllabus 2024 released by the Indian Institute of Banking and Finance (IIBF) for Junior Associates of the Indian Institute of Bankers. It is specifically designed for candidates who are currently employed in the banking sector and are members of the institute. The official website of IIBF provides information regarding registration and examination dates for the JAIIB May 2024 cycle. Please note that the recruitment is limited to individuals working in the banking industry and is not open to the general public.

JAIIB Syllabus 2024 Paper 1 – Indian Economy & Indian Financial System

JAIIB Paper 1 consist total 4 modules given below.

  1. Module A- Indian Economic Architecture
  2. Module B- Economic Concept related to Banking
  3. Module C- Indian Financial Architecture
  4. Module D- Financial Products and Services

Paper 1 of this study focuses on the Indian economy and the Indian financial system. It comprises four modules: Module A examines the Indian economic architecture, including sectors like agriculture, industry, and services, along with government policies and institutions. Module B covers economic concepts related to banking, such as demand and supply, inflation, interest rates, and their impact on banks and financial institutions. Module C explores the Indian financial architecture, including various financial institutions like banks, NBFCs, insurance companies, and capital markets, as well as financial intermediaries and their role. Module D specifically deals with financial products and services.

Module A- Indian Financial System

Indian Economy- An OverviewEvolution of Indian Economy, Basic Characteristics of Indian Economy, Indian Economy in Pre-British period, Economy till 2008 & after 2008, Structural changes in Indian Economy
Economic Planning in IndiaDefinition of Economic Planning, History of Economic Planning, Objectives of Economic Planning, Types of Planning, Achievements of Planning, and Financial resources for 5-year plans.
Sectors of the Indian EconomyRole & Importance of Primary, Secondary, Tertiary Sector, Quaternary & Quinary Sectors, Different Revolutions in Primary sector, Difference between the sectors, GDP contribution of different sectors- Agriculture, Industry, Services, Employment growth rate in Secondary sector, Sunrise Sector of Indian EconomyOrganised and Unorganised sectors
Role of Priority Sector and MSME in the Indian EconomyDefinition & Role of Priority Sector, List of Priority Sectors identified in India, Priority Sector Lending Norms, Definition of MSME, Role & Significance of MSME in economic development, Contribution of MSME in GDP, Recent Initiatives in MSME sector viz., Atmanirbhar Bharat package, Make in India, Start-up India, Stand-up India etc.
Infrastructure including Social InfrastructureInfrastructure & Economic Development, Energy, Power, Transport system viz., Rail, Road, Civil Aviation,Concept of Social Sector & Social Infrastructure, Health, Education, Family welfare, and Development of Health Infrastructure
Globalisation – Impact on IndiaGlobalisation and its Advocacy, Globalisation and its Impact on India, Fair Globalisation & the Need for Policy framework, Globalisation in reverse gear –The Threatened Re-emergence of Protectionism.
Economic ReformsA brief overview Transformation, Economic Transformation – Real Sector, Economic Transformation – Financial Sector, Economic Transformation – Integration with the Global Economy, and Economic Reforms in India.
Foreign Trade Policy, Foreign Investments and Economic DevelopmentFTP – Structural Changes during 1990s, FTP policy – 2015-2020, Challenges to be addressed in upcoming FTP, FDIs, FIIs and Recent trends, Economic development vs economic growth, Importance of economic development as a dimension etc.
International Economic Organizations (World Bank, IMF etc.)IMF and World Bank, WTO- India and WTO, Regional Economic Co-operations, Recent International Economic Issues
Climate change, Sustainable Development Goals (SDGs)Core elements of Sustainable Development, Global Issues and initiativesIndia's progress in SDGs including Climate change, and CSR Activities.
Issues facing Indian EconomyPoverty Alleviation, Jobless growth, Rising Inequalities, Migration and excessive pressure on resources, Possible remedies and Pandemic situations

Module B - Economic Concepts Related to Banking

Fundamentals of Economics, Microeconomics, 
Macroeconomics and Types of Economies
Economics – An Introduction Microeconomics and Macroeconomics, Types of Economies, Market, Command, and Mixed Economies
Supply and DemandThe Demand Schedule, Forces behind the Demand Curve, shifts in Demand, The Supply Schedule, Forces behind the Supply Curve, shifts in Supply, Equilibrium of Supply and Demand, Effect of a Shift in Supply or Demand, Interpreting Changes in Price and Quantity
Money Supply and InflationWhat is Money? Money Supply, Inflation, Causes of Inflation, Measures of Inflation
Theories of InterestClassical Theory of Rate of Interest, Keynes' Liquidity Preference Theory of Rate of Interest, Money Demand Curve, Determination of Rate of Interest: Equilibrium in the Money Market, Effect of an Increase in the Money Supply, shifts in Money Demand or Liquidity Preference Curve, Hicks-Hansen Synthesis: IS-LM Curve Model
Business CyclesCharacteristics of a Business CyclePhases of a Business Cycle
Monetary Policy and Fiscal PolicyTools of Monetary Policy, How did Monetary Policy in India Respond to the Global Financial Crisis? Fiscal Policy, FRBM Act
National Income and GDP ConceptsComputation Utility
Union BudgetReceipts, Expenditure Plan, Expenditure Deficit Concepts

Module C – Indian Financial Architecture

Indian Financial System – An OverviewWhat is a Financial System? Phase I: Pre-1951 organisation, Phase II: 1951 to Mid-eighties organisation, Phase III: Post-Nineties Organisation, Narasimham Committee (1991) on the banking system in India, Reform of the Banking sector (1992-2008), Present Status of Banking System
Indian Banking StructureFunctions, Development of Banking in India, Scheduled Commercial Banks- Types and functions, Local Area Banks, Regional Rural Banks, Cooperative Banks: Types, Payment Banks and Small Finance Banks, NBFCs, Key RBI Guidelines.
Banking Regulation Act, 1949 and RBI Act, 1934Background of Enactment, PART-I Reserve Bank of India Act, 1934: Chapter I to Chapter V, Schedules to the RBI Act, 1934PART-II Banking Regulations Act, 1949, Background and Structure of the Banking Regulation Act: Section 1 to Section 56
Development Financial InstitutionsEvolution of Development Financial Institutions in India, Gaps in the Post-Independence Financial System, Objectives of Development Financial Institutions, Classification of DFIs, Role of DFIs in the Indian Economy, Changing Role of DFIs and the Emergence of Universal Banks, Industrial Finance Corporation of India (IFCI), Industrial Credit and Investment Corporation of India (ICICI), Industrial Development Bank of India (IDBI), Small Industries Development Bank of India (SIDBI), Export Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), National Bank for Financing Infrastructure and Development (NaBFID).
Micro Finance InstitutionsEvolution of Microfinance in India, Grameen Bank Model, Delivery of Microfinance, SHG-Bank Linkage programme, Joint Liability Groups (JLGs), Regulatory Framework for Microfinance Institutions, Inclusion of Bank Finance to Microfinance Institutions in Priority Sector Lending, Regulatory Framework.
Non-Banking Financial CompaniesWhat is a Non- Banking Financial Company (NBFC)?Evolution of NBFCs in India, Role of NBFC in Promoting Inclusive Growth of India, Regulators of NBFCs, Classification of NBFCs, Regulatory Oversight by RBI on NBFCs, Types of NBFCs, Concept of Owned Funds and Net Owned Funds (NOF) for NBFCs, Bank Finance to NBFCs, Fair Practice Code for NBFCs, Applicability of Ombudsman Scheme to NBFCs, Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs.
Insurance CompaniesHistory and Development of Insurance, Privatisation and Foreign Direct Investment (FDI) in Insurance Sector, Insurance Business Globally and in India. Insurance Penetration and Density, Number of Insurance Companies Operating in India, Legislations Governing Operation of Insurance Companies, Insurance Intermediaries, Reinsurance Insurance, Repository's-Insurance Account
Indian Financial System - Regulators & their rolesRole of Financial Sector Regulators in an Economy, Reserve Bank of India (RBI)Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDA), Pension Fund Regulatory and Development Authority (PFRDA)
Reforms & Developments in the Banking sectorBad Banks, Infrastructure financing, Formation/role of NaBFID-National Bank for Financing Infrastructure & Development, Basic concepts on EASE.

JAIIB Syllabus Paper 2 – Principles & Practices of Banking

JAIIB Paper 2 of this study explores the principles and practices of banking. It is divided into four modules: Module A covers general banking operations, Module B focuses on the functions of banks, Module C delves into banking technology, and Module D addresses ethics in banks and financial institutions.

  1. Module A- General Banking Operations
  2. Module B- Functions of banks
  3. Module C- Banking Technology
  4. Module D- Ethics in Banks and Financial Institutions

Module A - General Banking Operations

Banker-Customer RelationshipRequirements to be Called a Bank, Banker-Customer Relationship, Bank as a Trustee, Bailee Bailor Relationship, Agent-Principal Relationship, Lessor and Lessee, Indemnifier and Indemnified, Different Deposit Products or Services, Services to Customers and Investors.
AML-KYC GuidelinesMoney Laundering & Financing of Terrorism Risks, AML Framework in India, Know Your Customer Policy, Organisational Set-up for AML, Obligations under PMLA, Risk Management, Obligations under International Agreements, FATF Identified Jurisdictions, Correspondent Banks, Reporting Under FATCA/ CRS, Reporting Obligations, Implications of Non-compliance of PMLA Obligations, Secrecy Obligations.
Operational Aspects of KYCKnow Your Customers (KYC) Norms, Wire Transfers, Other Operations - Regulations, Central, KYC Records Registry (CKYCR), Monitoring of Transactions.
Opening Accounts of Various Types of CustomersPersonal Accounts, Accounts of Other Customers, Norms for Opening Current Accounts, Obtaining Photographs of Account Holders, Legal Entity Identifier.
Operational Aspects of Deposit AccountsSalient Feature of Deposit Accounts, Interest on Deposit Accounts, Prohibitions & Exemptions, Inoperative Accounts & Unclaimed Deposits, Operational Instructions in Joint Accounts, Nomination Facility, Other Operational Guidelines, Attachment Orders, Procedure for Submission of Records to Statutory Authorities.
Operational Aspects of Handling Clearing/Collection/CashCheque Truncation System (CTS), RBI Guidelines on Collection of Instruments, Cash and its Custody, Security Arrangements at Branches and ATMs
Banker's Special RelationshipMandate – Definition, Power of Attorney (POA) – Definition, Banker's Lien, Right of Set-off, and Right of Appropriation.
Foreign Exchange Remittance Facilities for IndividualsEvolution of FEMA, Definitions, Bringing in and Taking out Foreign Exchange, Inward Remittances, Outward Remittances, and Indo - Nepal Remittance Scheme.
Operational Aspects of NRI BusinessPermitted Accounts in India for NRIs and PIOs, Accounts in India of Foreign Nationals Visiting India, Special Non-Resident Rupee Account – SNRR Account, Remittance of Assets Held by NRIs/ PIOs, Acquisition and Transfer of Immovable Property in India by a Non-Resident Indian (NRI), Creation of Charge on Immovable Property in India, Repatriation of Income and Sale, Proceeds of Assets Held Abroad by NRIs, and Investments by NRIs/ PIOs.
Foreign Currency Accounts for Residents and Other AspectsTypes of Accounts Permitted, Foreign Currency Denominated Accounts in India, Permitted Foreign Currency Accounts Outside India Remittance of Assets by Foreign Nationals not Being PIOs, Modes of Acquiring Property Outside India by a ResidentForeign Contribution (Regulation) Act 2010
Cash Management Services and Its ImportanceDevelopments in CMS, Importance of Cash Management System, Types of Cash Management Services, Challenges and Issues
Payment and Collection of Cheques and Other Negotiable InstrumentsNegotiable Instruments Act, Payment of a Cheque, Payment in due course – Section 10,Liability of the Paying Bank – Section 31, Collection of Cheques – Duties of a Collecting Bank, Endorsement of Cheques, Crossing of Cheques, Forged Instruments, Bouncing (Dishonour) of Cheques. 
Responsibility of Paying BankNegotiable Instruments Act and Paying Banks, Liability of Paying Banker when Customer's Signature on the Cheque is Forged, Payment to be in Due Course for Bank to Seek Protection, Payment in Good Faith without Negligence of an Instrument on which Alteration is not Apparent, Payment by Bank Under Mistake Whether Recoverable Cheque Truncation.
Responsibility of Collecting BankStatutory Protection to Collecting Bank and Duties of the Collecting Bank
Ancillary ServicesRemittances: Introduction, Demand Drafts (DD) and Banker's Cheques (BC), Mail Transfer (MT), Telegraphic Transfer (TT), National Electronic Funds Transfer System (NEFT), Real Time Gross Settlement System (RTGS), Electronic Benefit Transfer (EBT) Scheme, Mobile Banking in India, Electronic/Digital Payments, Safe Deposit Lockers, Portfolio Management Services, Merchant Banking, Government Business, Levying of Service Charges.
Financial Inclusion & Financial LiteracyFinancial Inclusion by Extension of Banking Services, Use of Mobiles/Tablets in Financial Inclusion Drive, Financial Literacy, Rural Self Employment Training Institutes (RSETI).
Customer Service GuidelinesCustomer Service in Banks, Policy for General Management of the Branches, ATM Operations, Security Issues and Risk Mitigation Measures, Service at the Counters, Information to the Customers, Special Arrangements at Branches, and Other Provisions.
Duties & Rights of a Banker and Customer RightsDuty of Secrecy & Confidentiality, Duty of Reasonable Care, Garnishee or Attachment Order, Bank's Rights, Customer Awareness, Banking Codes and Standards Board of India, Obligations on the Customer.
Grievance Redressal & RBI Integrated Ombudsman Scheme 2021Model Policy on Grievance Redressal, Internal Machinery to Handle Customer Complaints/Grievances. The RBI - Integrated Ombudsman Scheme.
The Consumer Protection Act, 2019: Preamble, Extent and DefinitionsPurpose of The Act, Preamble and Extent, Act not Overriding on Any Other Law, Salient New Aspects of CPA 2019, Definitions, Various Fora Consumer Protection Councils, Central Consumer Protection Authority, Consumer Disputes Redressal Commissions, Jurisdictions of Commissions, Complaints to District Commissions, Complaints to State Commissions/ National Commission, Appeals Against Orders of District/ State Commission, Other Aspects, Mediation Process, Product Liability, Unfair Contracts, and Data Protection.
The Right to Information Act, 2005Applicability, Definitions, Right to Information, Obligations of Public Authorities, Designation of Public Information Officers, Procedure for Obtaining Information, Disposal of Request, Appeal, Orders in Appeal, Central Information Commission, State Information Commission, Penalties, and Act to Have Overriding Effect.

Module B - Functions of Banks

Banker Customer RelationshipTypes; Different Deposit Products & Services, Services to Customers & Investors
KYC/ AML/ CFT normsPMLA Act and KYC Norms
Bankers' Special RelationshipMandate; POA, Garnishee Orders, Banker's Lien
Consumer Protection - COPRA, Banking Ombudsman SchemeOperational Aspects of COPRA Act & Banking Ombudsman Scheme
Payment and Collection of Cheques and Other Negotiable InstrumentsNI Act; Role & Duties of Paying & Collecting Banks, Endorsements; Forged Instruments, Bouncing of Cheques, Its Implications, Return of Cheques, and Cheque Truncation System
Opening accounts of various types of customersOperational Aspects of opening and Maintaining Accounts of Different Types of Customers including AadhaarSB Rate Deregulation
Ancillary ServicesRemittances, Safe Deposit Lockers, Govt. Business, and EBT
Cash Operations Cash Management Services and its Importance
 Principles of Lending, Working Capital Assessment and Credit MonitoringCardinal Principles, Non-fund Based Limits, WC, Term Loans, Credit Appraisal Techniques, Sources of WC Funds & its Estimation Operating Cycle, Projected Net WC Turnover Method, Cash Budget, Credit Monitoring & Its Management Base Rate.
 P.riority Sector AdvancesTargets; Sub-TargetsRecent Developments
 Agricultural FinanceTypes of Agricultural Loans, Risk Mitigation in agriculture (NAIS, MSP, etc.)
 Micro, Small, and Medium EnterprisesMSMED Act, 2006 Policy Package for MSMEs Performance and Credit Rating Scheme Latest Developments
Government Sponsored Schemes  SGSY, SJSRY, PMRY, SLRS
 Self Help GroupsNeed for & Functions of SHGs, Role of NGOs in Indirect Finance to SHGs, SHGs & SGSY Scheme; Capacity Building
 Cards, Home Loans, Personal Loans, Consumer LoansOperational Aspects, Advantages, Disadvantages & Guidelines of Credit Cards, Procedure and Practices for Home Loans, Personal Loans and Consumer Loans
DocumentationTypes of Documents; Procedure, Stamping, and Securitization
Different Modes of Charging SecuritiesAssignment; Lien; Set-off; Hypothecation Pledge; and Mortgage
Types of collaterals and their characteristicsLand & Buildings; Goods Documents of Title to Goods, Advances against Insurance Policies, Shares, Book Debts, Term Deposits, Gold, etc.Supply Bills
Non-Performing AssetsDefinition; Income Recognition. Asset Classification, Provisioning Norms; CDR, Financial Inclusion BC; BF, Role of ICT in Financial Inclusion, Mobile-based transactions, RSETI
Financial LiteracyImportance of financial literacy and Customer awareness

Module C – Banking Technology

Essentials of Bank ComputerizationComputer Systems; LANs; WANsUPS; Core Banking
Payment Systems and Electronic BankingATMs; HWAK; PIN Electromagnetic Cards, Electronic Banking, Signature Storage & Retrieval System, CTS; Note & Coin Counting Machines, Microfiche; NPC; RUPAY
Data Communication Network and EFT systemsComponents & Modes of Transmission, Major Networks in India, Emerging Trends in Communication Networks for Banking, Evolution of EFT System; SWIFT, Automated Clearing Systems, Funds Transfer Systems; and Recent Developments in India
Role of Technology Upgradation and its impact on BanksTrends in Technology Developments, Role & Uses of Technology Upgradation; Global Trends, Impact of IT on Banks
Security ConsiderationsRisk Concern AreasTypes of Threats, Control Mechanism, Computer Audit, IS Security; IS Audit, Evaluation Requirements
Overview of IT ActGopalakrishna Committee Recommendations
Preventive Vigilance in Electronic BankingPhishing; Customer Education, Safety Checks; Precautions

Module D – Ethics in Banks and Financial Institutions

Ethics, Business Ethics & Banking: An Integrated PerspectiveBusiness Ethics, Ethical Foundation, Banking Ethics in Global and Indian Contexts.
Ethics at the Individual LevelValues, Norms, Beliefs, Morality, Conflict, Integrity, Golden Rule, and Dilemmas Decision-Making
Ethical Dimensions: EmployeesObligation to Bank/ Third Parties, Abuse of Official Position, Sexual Harassment, Conflict of Interest, Fair Accounting Practices, HRM Ethics, Employees as Ethics Ambassadors & Managers as Ethical Leaders.
Work Ethics and the WorkplaceWork Ethics, Benefits of Ethical Behavior, Unethical Behavior: Causes and Remedies, Code of Ethics Manual, Whistleblowing in Banks, Whistleblowing Laws in India
Banking Ethics: Changing DynamicsEthics and Technology, Data Security and Privacy, Intellectual Property Rights, Patents, and Proprietary Rights, Ethics of Information Security, Cyber Threats, and Digital Rights Management

JAIIB Syllabus Paper 3 – Accounting and Financial Management for Bankers

JAIIB Paper 3, "Accounting and Financial Management for Bankers," comprises four modules:

Module A: Accounting Principles and Processes 
Module B: Financial Statement and Core Banking Systems
Module C: Financial Management 
Module D: Taxation and Fundamentals of Costing.

Module A- Business Mathematics and Finance

Definition, Scope and Accounting Standards including Ind ASNature and Purpose of Accounting, Historical Perspectives, New Accounting system / Value system accounting, Origins of Accounting Principles, Accounting Standards in India and its Definition and Scope, Generally Accepted Accounting Principles of USA (US GAAP), Overview of IFRSs, Difference between GAAP and IFRS Transfer Pricing.
Basic Accountancy ProceduresConcepts of Accountancy, Going Concern Entity, Double Entry System, Principle of Conservatism, Revenue Recognition and Realisation, Accrual and Cash Basis
Maintenance of Cash/Subsidiary Books and LedgerRecord Keeping Basics, Account Categories, Debit and Credit Concepts, Accounting and Columnar Accounting Mechanics, and Journalising
Bank Reconciliation StatementRecording Transactions in Cash Book, Transactions Contained in the Pass Book/Bank Statement, Is Passbook a Mirror Image of Cash Book? Causes for Passbook and Cashbook being different, Understanding Reconciliation, Preparing Reconciliation Statement, Need for Bank Reconciliation, How to prepare a Bank Reconciliation Statement when extracts of Cash Book and Pass Book are given? Adjusting the Cash Book balance, and Advantages of Bank Reconciliation Statement
Trial Balance, Rectification of Errors and Adjusting & Closing EntriesMeaning of a Trial Balance, Features and Purpose of a Trial Balance, Types of Trial Balance and Preparation of a Trial Balance, Disagreement of a Trial Balance, Classification of Errors, Location of Errors, Rectification of Errors, Suspense Account and Rectification, Rectification of Errors when Books are Closed, Adjusting and Closing Entries.
Depreciation & its AccountingMeaning of Depreciation, Causes of Depreciation, Need for Depreciation, Factors of Depreciation, Accounting Entries, Methods of Depreciation, Straight Line Method, Diminishing Balance or Written Down Value (WDV) Method, Advantages and Disadvantages of Straight Line Method, Advantages and Disadvantages of Written Down Value Method, Units of Production Method, Sum of the Years' Digits Method, Replacement of a Fixed Asset and Creation of Sinking Fund, and Amortisation of intangible assets
Capital and Revenue ExpenditureExpenditure, Distinction between Capital and Revenue Expenditure Receipts
Bills of ExchangeTypes of Instruments of Credit, Term and Due Date of a Bill, Certain Important Terms, Accounting Entries to be Passed, Accommodation Bill, and Bill Books
Operational Aspects of Accounting EntriesPeculiar Features of Accounting System in Banks Accounting Systems of Different BanksIllustration
Back Office Functions/Handling Unreconciled Entries in BanksFunctions Performed by the Back Office, Reconciliation Function in Banks, Reconciliation of Inter Branch/ Office Entries.
Bank Audit & InspectionBank Audit Emergence of Risk based Internal Audit, Types of Bank Audits Viz. Concurrent Audit Internal Audit, Statutory Audit, Role of Audit and Inspection
Module C – Financial Management 
An Overview of Financial ManagementForms of Business Organisation, Financial Decision making in a Firm, Objectives of Financial Management, The Fundamental Principles of Finance, Building Blocks of Modern Finance,Risk-Return Trade off, Agency Problem in Financial Management, Business Ethics & Social Responsibility, Organisation of the Finance Function, Relationship of Finance to Economics and Accounting, Emerging Role of the Financial Manager in India
Ratio AnalysisMeaning of Accounting Ratios, Classification of Ratios, Uses of Accounting Ratios, Limitations of Accounting Ratios, Calculation and Interpretation of Various Ratios, Different Users and Their Use of Ratios 
Financial Mathematics - Calculation of Interest & AnnuitiesWhat is Simple Interest? What is Compound Interest? Fixed and Floating Interest Rates, Front-end and Back-end Interest Rates, Calculation of Interest Using Products/Balances,What are Annuities? Calculating the Future Value of an Ordinary Annuity, Calculating the Present Value of an Ordinary Annuity, Calculating the Future Value of an Annuity Due, Calculating the Present Value of an Annuity Due, Repayment of a Debt 
Financial Mathematics - Calculation of YTMMeaning of Debt, Introduction to Bonds, Terms Associated with Bonds, Types of Bonds,Optionality in Bonds, Valuation of Bonds, Bond Value with Semi-annual Interest, Current Yieldon Bond, Yield-to-Maturity of Bond, Theorems for Bond Value, Illustrations, Duration of Bond,Properties of Duration, Bond Price Volatility, Problems and Solutions 
Financial Mathematics - Forex ArithmeticFundamentals of Foreign Exchange, Indian Forex Market, Direct and Indirect Quote, Some Basic Exchange Rate Arithmetic, Forward Exchange Rates
Capital Structure and Cost of CapitalMeaning of Capital Structuring, Leverage/Gearing, Factors Influencing Decision on Capital Structuring, Theories/Approaches on Capital Structuring, Net Income Approach, Net Operating Income Approach, Traditional Position, Assumptions in the Approaches on Capital Structuring, Taxation & Capital Structure, Cost of Debt, Preference, Equity, Determining the Proportions, Weighted Average Cost of Capital (WACC), Factors Affecting the WACC,Weighted Marginal Cost of Capital, Determining the Optimal Capital Budget, Divisional and Project Cost of Capital, Floatation Cost and the Cost of Capital, Misconceptions surrounding the Cost of Capital
Capital Investment Decisions/Term LoansDiscounted and Non-Discounted Cash Flow Methods for Investment Appraisal, Basicconcepts of term loans, Deferred payment Guarantees, Project financing, Difference between term loan appraisal and project appraisal
Equipment Leasing/Lease FinancingMeaning of a Lease, Features of a Lease, Types of Leases, Rationale for Leasing, Contents of a Lease Agreement, Legal Aspects of Leasing, Finance Leases, Operating Leases,Accounting of Lease Transaction in the books of Lessor and Lessee, Leasing as a Financing Decision
Working Capital ManagementWorking Capital Cycle, Cash and Marketable Securities, Accruals, Trade Credit, Working Capital Advance by Commercial Banks, Cash Budget Method of Lending, Regulation of BankFinance, Public Deposits, Inter- Corporate Deposits, Short-term loans from Financial Institutions, Rights Debentures for Working Capital, Commercial Paper, Factoring & Forfaiting
DerivativesCharacteristics & Functions of Derivatives, Users of derivatives, Futures, Forward RateAgreement (FRA), Swaps, Options

Module D – Taxation and Fundamental of Costing

Taxation: Income Tax/TDS/Deferred TaxOverview of Income Tax Act, Basic Overview of Deductions in Respect of Certain Incomes & Deduction 80 QQB, 80 RRB, 80 TTA & 80U, TDS/TCS, Returns, Refund & Recovery
Goods & Services TaxMeaning of Direct & Indirect Tax, Introduction to GST
An Overview of Cost & Management AccountingCost Accounting: Evolution, Meaning, Objectives and Scope, Concepts of Costs,Classifications and Elements of Cost, Cost Centre and Cost Unit, Methods and Techniques ofCosting, Cost Accounting Standards, Management Accounting: Evolution, Meaning,Objectives and Scope. Tools and Techniques of Management Accounting, Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Management 
 Costing MethodsUnit and Output Costing, Job Costing: Job Cost Cards, Collecting Direct Costs, Allocation of Overheads and its Applications, Batch Costing: Features and Applications, Contract Costing: Features, Distinction between Job and Contract Costing, Progress Payments, Retention Money, Escalation Clause, Contract Accounts, Accounting for Material, Accounting for Plant Used in a Contract, Contract Profit and Accounting Entries, Process Costing: Features, Applications and Types of Process Costing, Process Loss, Abnormal Gains and Losses, Equivalent Units, Inter-Process Profit, Joint Products, By-Products and Accounting, Service Costing: Features and Applications, Unit Costing and Multiple Costing, Application, Identification of Cost Unit and Cost Determination and Control 
 Standard CostingDefinition, Significance and Applications, Various Types of Standards, Installation of Standard Costing System—for Material, Labour, and Overhead, Variance Analysis for Materials, Labourand Overheads and Accounting Treatment of Variances, Benchmarking for Setting of Standards, Variance Reporting to Management
 Marginal CostingMeaning, Advantages, Limitations and Applications, Breakeven Analysis, Cost-Volume ProfitAnalysis, P/V Ratio and its Significance, Margin of Safety, Absorption Costing: System of Profit Reporting and Stock Valuation, Difference between Marginal Costing and Absorption Costing, Income Measurement under Marginal Costing and Absorption Costing
Budgets and Budgetary ControlBudget Concept, Manual, Fixed and Flexible Budgets, Preparation and Monitoring of VariousTypes of Budgets, Budgetary Control System: Advantages, Limitations and Installation, Zero Based Budgeting, Programme and Performance Budgeting

JAIIB Syllabus Paper 4 – Retail Banking and Wealth Management

JAIIB Paper 4, "Retail Banking and Wealth Management," comprises four modules:

Module A: Retail Banking 
Module B: Retail Products and Recovery 
Module C: Support Services - Marketing of Banking Services/Products 
Module D: Wealth Management

Module A - Retail Banking

Retail Banking: IntroductionCharacteristics of Retail Banking; Advantages of Retail Banking; Constraints in Retail Banking;Evolution of Retail Banking; Prerequisite for Success of Retail Banking; Challenges for Retail Banking Future of Retail Banking
Retail Banking: Role within the Bank OperationsBusiness Models
Applicability of Retail Banking Concepts and Distinction between 
Retail and Corporate/Wholesale Banking
Applicability of Retail Banking Concepts; Distinction between Retail and Corporate/ Wholesale Banking
Branch ProfitabilityBanking System: An Introduction; Banking in India; What is Profitability? What is Profit? Gross Profit, Operating Profit and Net Profit; Profit and Profitability in the context of Banking;Traditional Measures of Profitability; The ROA (Return on Asset); Return on Equity (ROE) for Banks; Branch Operating Efficiency; Strategies for Improving Efficiencies of Banking Operations; Factors Affecting Profitability of Banks in India; Profitability Analysis of Bank Branches; Steps to Improve Branch Profitability; Essential Factors to Make Continuous Improvement in Profitability

Module B - Retail Products and Recovery

Customer RequirementsMaslow's Theory and Customer Requirements; Customer Requirements about Service Quality
Product Development ProcessProduct Development Process; Product Life Cycle; Product Lines of a Banker; Deposit Products or Liability Products; Credit Products or Asset Products; Other Products and Services; Other Fee Based Services – Distribution of third party products; New Product Development; Stages in New Product Development; Constraints in New Product Development; Product Management; Product Policy
Credit ScoringWhat is a Credit Score?; Evolution of Credit Scoring; What is a Good Credit Score?; Credit Scoring Model; Managing the Credit Score; Positive Side of Credit Score; Warning Signs inCredit Score; Credit Information Companies in India; Issues in Credit Scoring; Mistakes in Credit Scoring; Troubleshooting Credit Score
Important Retail Liability ProductsDemand Deposits : An Introduction; Current Deposit: An Introduction; Main features of Current Deposit Account; Advantage of Current Deposit Account; Documents required for opening various types of Current Accounts; Opening of Current Account; Operational Instructions in Current Account; Transfer of Accounts; Inoperative Accounts; Closure of Current Account; Savings Bank Account: An Introduction; Advantages and Importance of Savings Bank Deposits to Customers; Who Can Open a Savings Bank Account?; Deregulation of interest in Savings Deposit Account; Maintenance of Balance in Savings Bank Account and Interest Payment; Restrictions on Transactions in SB Account; Services offered in Savings Bank Accounts; Time Deposit – An Introduction; Periodicity of Time Deposit; Operational instructions; Interest on Fixed Deposit; Term Deposit accounts of minors; Premature Paymentof FD; Operational Issues of FD; Advances Against Bank's own Time Deposit Receipts;Renewal of FD; Recent Rule of RBI on overdue FD; Form 15 G/ 15 H; Deposit of TDS to Income Tax Department by Banks; 2 in 1 Account; Recurring Deposit (RD)
Important Retail Asset ProductsHome Loans; Housing Loan under Prime Minister's Awas Yojana (PMAY); Home Improvement Loans; Home Decor Loans; Auto/Vehicle Loans; Personal Loans; Educational Loans; Other Retail Loans; Processing of Retail Loans
Credit and Debit CardsCredit Cards; Charge Cards; Pre-paid Cards; Debit Cards; Co-branded Cards; Contactless Cards
Remittance ProductsElectronic Payment Systems; National Electronic Funds Transfer (NEFT); Real Time Gross Settlement (RTGS); Electronic Clearing Services (ECS); National Automated Clearing House(NACH) System; Aadhaar enabled Payment System (AePS); Bharat Bill Payment System(BBPS); Benchmarking India's Payment System
Digitisation of Retail Banking ProductsTechnology in Retail Banking; Technology Processes in Retail Banking; Some Important User Friendly Features; Customer Analytics; Institute for Development and Research on Banking Technologies (IDRBT); Indian Financial Network (INFINET); Structured Financial Messaging System (SFMS); National Financial Switch (NFS); Indian Banking Community Cloud (IBCC); Wealth Management Solutions; Digital Lending
Role of AI and Technology in Retail BankingDimensions of Banking Technology; Banking Today; Relationship between Banking andVTechnology; Evolution of Banking Technology; A New Era in Banking; Evolution of Banking Technology in India; Challenges towards adoption of Technology by Indian Banks; Technology in Retail Banking; Benefits of Technology in Retail Banking; Artificial Intelligence (AI);Difference between Artificial Intelligence (AI) and Automation; Evolution of Artificial Intelligence; Artificial Intelligence Industry in India; Artificial Intelligence in Indian Banking Industry; Indian Banks and the Technology; Why AI in Banking Industry?; Benefits of Artificial Intelligence Technology in Banking and Finance; Artificial Intelligence in Retail Banking;Artificial Intelligence in Retail Banking in India; The Challenges Facing India's AIDevelopment; Benefits of AI in Retail Banking
Recovery of Retail LoansRepayment in Retail Loans; Default and Re-scheduling in Retail Loans; Monitoring of LoanAccounts; Classification of Irregular Loan Accounts; Recovery Policy of Banks; Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002(SARFAESI Act); Debt Recovery Tribunal (DRT); Recovery through Lok Adalat; EngagingDirect Recovery Agents
Management Information SystemsThe main elements of MIS; Role of Management Information Systems; Role of MIS inImproving decision making; Role of MIS in Banking Industry; Designing MIS for a Bank; Issues Related to Management Information System (MIS); Suggestions for Solution to MIS related issues
SecuritizationSecuritization of Assets

Module C – Support Services – Marketing of Banking Services/Products

Marketing – An IntroductionMarketing in Retail Banking; Marketing Mix in Retail Banking
Delivery Channels in Retail BankingChannel Experience; Physical/Direct Channels – Branch; Automated Teller Machines; Pointof Sale Terminal; Mobile Banking; Internet Banking; Customer's Liability on UnauthorizedElectronic Transactions
Delivery ModelsDelivery Models; Internal Customers – Staff at the Branch Level; Dedicated MarketingManagers; Direct Selling Agents (DSAs); Tie-up with Institutions/OEMs/Dealers, etc.
Customer Relationship Management in Retail BankingCustomer Relationship Management in Retail Banking; Why CRM?; Implementation Aspectsof CRM in Banks; Implementation Process of CRM in Banks; Implementation Stages in CRM; Benefits of CRM; Impact of CRM on Customer Satisfaction
Service Standards for Retail BankingMembers of BCSBI; Main Aims and Objects; Code of Banks' Commitment; Code of Banks Commitment to Micro and Small Enterprises; Function of BCSBI; Code Compliance Rating; Customer Grievances Handling Mechanism; General Information
Marketing Information Systems- A Longitudinal AnalysisFunctions of MKIS; Components of MKIS; The MKIS Model; Observations; Usage of Computers in MKIS; Supports for Marketing Management; Supports for Marketing MixDecisions; Use of Decision Models; Performance of MKIS; Recommendations; Advantages of MKIS

Module D – Wealth Management

Importance of Wealth ManagementWealth Management – Broad View; Wealth Management Business Structures; Wealth management process; Wealth Management Products and Services; Alternative asset; Bond; Insurance; Mutual fund; Real Estate Service; Retirement Planning; Strategic Business Strategy; Will Writing; Private Wealth Management; Personal Financial Planning; WealthManagement Assessment; Private Banking; Benefits of Wealth Management; Importance of Wealth Management
Investment ManagementElement of Investment; Basics of Investment Management; Steps in Investment Management; Investment Banking; Services being offered by Full-service Investment Banks; Investment Bank Organizational Structure; Investment Management Vs Investment Banking; Portfolio Management; Objectives of Portfolio Management; Key Elements of Portfolio Management; Portfolio Management Vs Investment Banking; Role of Portfolio Manager; Portfolio Management Service Vs Mutual Funds (MFs); Types of Portfolio Management Services; Steps Wealth management of the Portfolio Management Process; Advantages of Portfolio Management Services; Disadvantages of PMS; Recent developments in the Portfolio Management Services area inIndia
Tax PlanningClassification of Tax Structure in India; Financial Year; Assessment Year; Previous Year; Concept of Previous Year & Financial Year vis-a-vis Assessment Year; Residential Status for income Tax; A few important terms in Income Tax; Heads of Income for computation of the total income; Income Tax Slab rate for FY 2021-22 (AY 2022-23); Conditions for opting NewTax Regime; Examin Indiaple for Old Tax Regime Vs New Tax Regime & which is better; Income TaxSlabs for non-individual entities; Investment Products for Tax Savings; Estate Planning-Tax, Planning through Wills/ Trusts; Capital Gains Tax
Other Financial Services Provided by BanksDistribution of Third Party Products in Retail Banking; Mutual Fund Business; Insurance Business; Some Social Security Insurance Schemes; Cross Selling; Depository Services by Banks; Portfolio Management Services; Factoring; Other Agency Business by Banks
Additional Reading Material on Home Loans Lender's Appraisal ProcedureAppraisal Procedures; Application Form; Documents to be Submitted for Availing a HomeLoan; Application Received through Agent; Appraisal of Loan Request; Other Relevant Issuesat Pre-sanction Stage; Documentation; Mortgage; Registration of Documents; Detection of Forged and Fabricated Title Deeds; Other Securities; Registration of Charges with CERSAI on Security Internet; Monitoring; Closure of Account; Home Loan Frauds
Housing Finance and Tax PlanningTax Benefits in Respect of Housing Finance
Mortgage AdviceDevelopment of "Home Information Packs"; Time Value of Money-interest and Annuities;Capital Gains; Loan Calculator and Loan Amortization Schedule
Valuation of Real PropertyWho does Valuation?; Land with Building; Life of Structures; Sinking Fund; Reverse Mortgage

 

FAQs

How many papers are there in JAIIB exam?

There are four papers in the JAIIB exam which are Indian Economy and Indian Financial System, Principles and Practices of Banking, Accounting and Finance for Bankers, and Retail Banking and Wealth Management.

How many times is JAIIB conducted in a year? +

JAIIB Exam is conducted two times in a year, once in the month of May and another in October.

How many attempts are there for JAIIB? +

JAIIB can be attempted by the candidates within 3 years or 5 consecutive attempts.

What is the Eligibility Criteria for JAIIB? +

A candidate who wishes to appear for the JAIIB exam must be registered as an ordinary member of the IIBF, He/She must have passed their 10+2 Boards or any other equivalent exams and must be working in any Bank or financial institute.

Can I give JAIIB and CAIIB together? +

No, you have to clear the JAIIB exam first. After that, you can appear for the CAIIB exam.

What is the age limit to apply for the JAIIB exam? +

For JAIIB Exam there is no age limit applicable.

What is the exam fee for JAIIB? +

The exam fees for the first attempt is Rs.2700 and for each successive attempt thereafter it is Rs.1300.

Can private bank employees give JAIIB? +

Yes, any employee working in either public or private sector bank is eligible to appear for JAIIB provided they must be registered as an ordinary member of the IIBF and have passed their 10+2 Board exam or any other equivalent exam.

Will there be any negative marking in JAIIB? +

JAIIB will NOT have any negative marking

Will JAIIB be conducted in 2024? +

The dates for JAIIB 2024 will be available soon.

When will the registration process for JAIIB May 2024 cycle open? +

The registration process for JAIIB May 2024 cycle will be announced soon.

What are the exam dates for the JAIIB May 2024 cycle? +

The JAIIB 2024 exam dates will be announced soon.

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