The Junior Associate in Banking and Finance (JAIIB) examination is conducted by the Indian Institute of Banking and Finance (IIBF).

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JAIIB Eligibility Criteria 2022

Members can apply for class if they work for an Institutional Member of the Institute ( go to the IIBF website).To be considered, campaigners must have completed the 12th standard test in any field or original, indeed if they don’t retain a 12th standard pass or original qualification in education. The Institute may allow a administrative seeker to sit for the test on the recommendation of the bank director or officer in charge where the seeker is employed. A person who has completed the 12th- grade examination or a similar test and is a member of an Indian banking or fiscal institution is eligible to sit for the test.

JAIIB Marking Scheme

1. There is no negative marking.
2. Candidates have to score a minimum of 50 marks out of 100 in each paper.
3. 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.
4. 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.

JAIIB Syllabus 2022

The Indian Institute of Banking and Finance on its official website publishes the JAIIB syllabus in detail under the Examination/ Courses tab.

As per the JAIIB syllabus mentioned by IIBF, there are three papers that are to be studied by the aspirants, they are –

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

JAIIB Syllabus – Paper I

Module A – Indian Financial System

Module B – Functions of Banks

Module C – Banking Technology

Module D – Support Services- Marketing of Banking Services/ Products

Module E – Ethics in Bank & Financial Institutions

JAIIB Syllabus – Paper II

The Paper-II of JAIIB Syllabus i.e. Accounting and Finance For Bankers is divided in 4 modules the detailed syllabus is as follows –

Module A – Business Mathematics & Finance

• Calculation of Interest and Annuities

Calculation of Simple Interest & Compound Interest; Calculation of Equated Monthly Instalments; Fixed and Floating Interest Rates; Calculation of Annuities; Interest Calculation using Products/ Balances; Amortization of a Debt; Sinking Funds

• Calculation of YTM

Debt- Definition, Meaning & Salient Features; Loans; Introduction to Bonds; Terms associated

with Bonds; Cost of Debt Capital; Bond value with semi-annual Interest; Current Yield on Bond; Calculation of Yield-to- Maturity of Bond; Theorems for Bond Value; Duration of Bond;

Properties of Duration; Bond Price Volatility

• Capital Budgeting

Present Value and Discounting; Discounted Technique for Investment Appraisal; Internal Rate of Return (IRR); Method of Investment Appraisal; NPV and IRR compared; Investment Opportunities with Capital Rationing; Investment Decision making under condition of uncertainty; Expected NPV Rule; Risk Adjusted Discount Rate Approach for NPV Determination; Sensitivity Analysis for NPV Determination; Decision Tree Analysis for NPV Estimation; Payback Methods; ARR 

• Depreciation and its Accounting

Depreciation, its types and methods; Comparing Depreciation Methods

• Foreign Exchange Arithmetic

Fundamentals of Foreign Exchange; Forex Markets; Direct and Indirect Quote; Some Basic Exchange Rate Arithmetic – Cross Rate, Chain Rule, Value date, etc.; Forward Exchange Rates – Forward Points; Arbitrage; Calculating Forward Points; Premium/ discount; etc.

Module B – Principles of Bookkeeping and Accountancy

• Definition, Scope and Accounting Standards

Nature and Purpose of Accounting; Historical Perspectives; Origins of Accounting Principles;

Accounting Standards in India and its Definition and Scope; Generally Accepted Accounting

Principles of USA (US GAAP); Transfer Pricing; Overview of IFRS; Difference between GAAP

& IFRS.

• Basic Accounting Procedures

Concepts of Accountancy; Going Concern Entity; Double Entry System; Principle of Conservatism; Revenue Recognition and Realization; Accrual and Cash Basis.

Module B – Principles of Bookkeeping and Accountancy

• Definition, Scope and Accounting Standards

Nature and Purpose of Accounting; Historical Perspectives; Origins of Accounting Principles;

Accounting Standards in India and its Definition and Scope; Generally Accepted Accounting

Principles of USA (US GAAP); Transfer Pricing; Overview of IFRS; Difference between GAAP

& IFRS.

• Basic Accounting Procedures

Concepts of Accountancy; Going Concern Entity; Double Entry System; Principle of Conservatism; Revenue Recognition and Realization; Accrual and Cash Basis.

• Maintenance of Cash/ Subsidiary Books and Ledger

Record-Keeping Basics; Account Categories; Debit and Credit Concepts; Accounting and Columnar Accounting Mechanics; Journals; Ledgers; subsidiary books; etc. 

• Bank Reconciliation Statement

Need for Bank Reconciliation; Causes of Differences; Preparation of Bank Reconciliation Statement; How to prepare a Bank Reconciliation Statement when Extracts of Cash Book and Pass Book are given; Adjusting the Cash Book Balance; Advantages of Bank Reconciliation Statement.

• Trial Balance, Rectification of Errors and Adjusting & Closing Entries

Meaning 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.

• Capital and Revenue Expenditure

Expenditure; Distinction between Capital and Revenue Expenditure; Deferred Revenue Expenditure; Receipts; General Illustrations. 

• Bills of Exchange

Types of Instruments of Credit; Term and Due Date of a Bill; Certain Important Terms; Accounting Entries to be Passed; Accommodation Bill etc.

Module C – Final Accounts

• Balance Sheet Equation

Balance Sheet Equation; Computation of Balance Sheet Equation.

• Preparation of Final Accounts

Preparation of Trading A/C; Profit and Loss A/C; Profit & Loss Appropriation Account; Balance

Sheets

• Ratio Analysis

Meaning 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.

• Final Accounts of Banking Companies

Definition and Functions of a Bank; Requirements of Banking Companies as to Accounts and

Audit; Significant Features of Accounting Systems of Banks; Principal Books of Accounts; Preparation and Presentation of Financial Statements of Banks; CMA Format; Accounting Treatment of Specific.

Module D – Banking Operations

• Banking Operations & Accounting Functions

Preparation of Vouchers, cash receipt and payment entries, clearing inward and outward entries, transfer debit and credit entries, what is KYC and what are the different documents to satisfy KYC, verify KYC and authenticity of documents, operational aspects in regard to opening of all types of accounts, scrutiny of loan applications/ documents, allowing withdrawals and accounting entries involved at various stages, operational aspects of CBS environment etc., Back office operations in banks, handling of unreconciled entries in banks.

JAIIB Syllabus – Paper III

The Paper III of JAIIB Syllabus includes topics covered under the Legal and Regulatory Aspects of Banking.

Module A – Regulations and Compliance

• Legal Framework of Regulation of Banks

Business of Banking; Constitution of Banks; RBI Act, 1934; Banking Regulation Act, 1949; Role of RBI; Govt. as a Regulator of Banks; Control over Co-operative Banks; Regulation by other Authorities.

• Control over Organization of Banks

Licensing of Banking Companies; Branch Licensing; Paid up Capital and Reserves; Shareholding in Banking Companies; Subsidiaries of Banking Companies; Board of Directors; Chairman of Banking Company; Appointment of Additional Directors; Restrictions on Employment; Control over Management; Corporate Governance; Directors and Corporate Governance.

• Regulation of Banking Business

Power of RBI to Issue Directions; Acceptance of Deposits; Nomination; Loans and Advances; Regulation of Interest Rate; Regulation of Payment Systems; Internet Banking Guidelines; Regulation of Money Market Instruments; Banking Ombudsman; Reserve Funds; Maintenance of CRR, SLR; Assets in India.

• Returns Inspection, Winding up, Mergers & Acquisitions

Annual Accounts & Balance Sheet; Audit & Auditors; Submission of Returns; Preservation of Records and Return of Paid Instruments; Inspection and Scrutiny; Board for Financial Supervision; Acquisition of Undertakings; Amalgamation of Banks; Winding up of Banks; Penalties for offences. 

• Public Sector Banks and Co-operative Banks

SBI and its Subsidiaries; Regional Rural Banks; Nationalized Banks; Application of BR Act to Public Sector Banks; Disinvestment of Shares by Govt.; Co-operative Banks 

• Financial Sector Legislative Reforms

Need, Approach for Financial Sector Legislative Reforms; Important Reforms 

• Recent Legislative Changes in RBI Act

Recent Legislative Changes in RBI Act, Need thereof

• Financial Sector Development Council

Role and Functions of Financial Sector Development Council

Module B – Legal Aspects of Banking Operations

• Different Types of Borrowers

Types of Borrowers; Limited Liability Partnership

• Types of Credit Facilities

Cash Credit, Overdraft, Demand Loans, Term Loans, Bill Finance

• Secured and Unsecured Loans, Registration of Firms and Incorporation of Companies

Definition of Secured and Unsecured loans; Need for Secured Loans; Registration of Firms; Consequences of Non-registration of Firms; Incorporation of a Company

• Indemnities

Definition of Contract of Indemnity; Features of Indemnity Contract & Guarantee; Scope and Application of Indemnity Contracts to Banks; Obligations of a Banker; Precaution & Rights of an Indemnity Holder 

• Bank Guarantees

Definition and Types of Bank Guarantees; Banker’s Duty to Honor Guarantee; Precautions to be taken for Issuance of Bank Guarantee; Precautions to be taken for Payment under Bank Guarantee; Invocation & Enforcement. 

• Letters of Credit

General Considerations of Letters of credit; Parties to a Letter of credit; Types of Letters of credit; Documents under a Letter of credit; UCPDC 600; Banks obligation for payment of  letter of credit. 

• Deferred Payment Guarantees

Purpose of DPGs; Methods of Payment

• Laws Relating to Bill Finance

Class of Bills and Laws Governing Bills; Classification of Bills; Categories of Bill Finance; Bill Finance and Legal Position of Banker

• Various Types of Securities

Types of Securities; Escrow Arrangements; Trust and Retention Arrangements.

• Laws Relating to Securities and Modes of Charging – I

Mortgage; Types of Mortgage; Enforcement of Mortgages

• Laws Relating to Securities and Modes of Charging – II

Lien; Pledge; Hypothecation; etc.

• Registration and Satisfaction of Charges

Definition of Charge; Procedure for Registration of Charge; Effect of Non-registration of charges; Provisions of Law relating to Registration of Charges

• Case Laws on Responsibility of Paying Bank

Negotiable Instruments Act and Paying Banks; Liability of Paying Banker; Payment in due course; Payment in Good Faith; Whether Payment under Mistake Recoverable

• Case Laws on Responsibility of Collecting Bank

Statutory protection to Collecting Bank; Duties of Collecting Bank

Module C – Banking Related Laws 

• Recovery of Debts due to Banks and Financial Institutions Act, 1993(DRT Act)

Objective of the Act, Constitution of Tribunal, Procedure to be followed, Enforcement process

• Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI) 

Constitutional Validity; Definitions; Regulation & Reconstruction; Enforcement of Security

Interest; Central Registry; Offences & Penalties; Miscellaneous Provisions

• Banking Ombudsmen Scheme

Purpose; Extent; Definitions; Establishment; Powers; Procedure for Redressal Grievance

• Bankers Books Evidence Act, 1891

Applicability; Definition; Important Provisions

• The Legal Services Authorities Act, 1987

Lok Adalats- Organization; Jurisdiction; Disposal of Cases; Awards

• The Consumer Protection Act, 1986 and CERSAI

Preamble, Extent & Definitions; Consumer Protection Councils; Consumer Disputes Redressal Agencies; Objectives and important provisions of Central Registry of Securitisation Asset Reconstruction and Security Interest of India

• The Law of Limitation

Definition; Computation of Limitation; Important Provisions in schedule to the Limitation Act

• Tax Laws

Income Tax; Commodity Transaction Tax; Service Tax

• Negotiable Instruments Act, 1881

Applicability; Definition; Important Provisions

• Payment & Settlements Systems Act, 2007

Applicability; Definition; Important Provisions

Module D – Commercials Laws with Reference to Banking Operations

• Indian Contract Act, 1872

Meaning and essentials of contract; Contract of Indemnity & Rights of Indemnity Holder; Contract of Guarantee; Contract of Bailment; Contract of Pledge; Contract of Agency

• The Sale of Goods Act, 1930

Features; Sale & Agreement to Sell; Conditions and Warranties; Express & Implied; Rights of Unpaid Seller

• Indian Partnership Act, 1932

Definition & Types of Partnerships; Relation of partners to one another & to third Parties;  minor admitted to benefits of partnership; Dissolution of a firm; Effect of non-registration; Limited liability partnerships formation, registration, rights and liabilities of partners

• Definition and features of a company

Definition & Features of a Company; Distinction between Company and Partnership

• The Companies Act, 1956 (Now Companies Act, 2013)

Definition, Features & Types of companies; Memorandum and Articles of Association; Doctrine of Ultra Vires, Constructive Notice, Indoor Management; Membership of Company Acquisition, Cessation, Register, Rights & Duties of Members, Prospectus; Directors; Winding up of Companies

• Foreign Exchange Management Act, 1999

Important Terms; Powers of RBI, Regulation and Management; Directorate of Enforcement

• Transfer of Property Act, 1882

Sale, Mortgage of Immovable Property; Types of Mortgages; Sale with and without court intervention; Lease of Immovable Property

• The Right to Information Act, 2005

Applicability; Definition; Important Provisions

• Right to Information and Obligation of Public Authorities

Obligations; Procedure; Disposal; Appeal; Orders; Penalties.

• The Prevention of Money Laundering Act, 2002

Obligations; Records to be Maintained; Procedure for Maintaining & Furnishing Information; Maintenance & Verifications of Records of Identity of Clients.

• Information Technology Act, 2000

Definitions; Electronic Governance; Certifying Authorities; Digital Signature Certificates; Penalties; Appeal

• Success is the result of Hardwork
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