FOR WHAT PAPERS WILL I GET CREDIT IN IIBF JAIIB IN MAY 2024?
This post tells the exam papers for which the JAIIB candidates will credit for IIBF JAIIB 2024.
You must have been wondering which exams you will be getting credit for if you’ve given your IIBF Junior Associate of the Indian Institute of Bankers papers in Nov 2023.
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You will find the answer to this right here. Scroll down and read carefully.
CHECK IT OUT: JAIIB MAY 2024 ONLINE CRASH COURSE
IIBF JAIIB MAY 2024 EXAMS
As IIBF has conducted the last instalment of JAIIB exams under the old Syllabus for 2023, candidates:
- who were not able to register for the November 2023 attempt for whatever reason; or
- the candidates who have decided to sit for JAIIB MAY 2024 attempt, or
- the candidate who attempted Nov 2023 but was not able to clear; or
- those who cleared only 1 or 2 out of the 3 compulsory papers of Junior Associate of the Indian Institute of Banker in NOV 2023.
would be desiring to know now what is going to happen in the upcoming May 2024 attempt of JAIIB under the revised syllabus 2024.
The revised syllabus/pattern of JAIIB (Junior Associate of the Indian Institute of Bankers) is applicable for the May 2024 exam.
Under the new syllabus, there are 4 papers instead of 3 papers. Therefore, it is important to know, especially for those who had written the November 2023 exams whether and how they are going to get the credits for the papers they have cleared (scored a minimum of 50 marks in any of the papers in JAIIB Nov 2023 Exams or in other previous attempts).
READ MORE: HOW TO CLEAR JAIIB IN 2024 EASILY ON THE FIRST ATTEMPT
IIBF has described the following 4 papers under the new syllabus, namely:
Paper 1 i.e., IE & IFS (Indian Economy & Indian Financial System)
Paper 2 i.e., PPB (Principles & Practices of Banking)
Paper 3 i.e., AFM (Accounting & Financial Management for Bankers)
Paper 4 i.e., RBWM (Retail Banking & Wealth Management)
Candidates should know that they must register for the exams within the time period prescribed by the Institute to be eligible for sitting in the JAIIB exam. Below are the changes that are recently introduced in the JAIIB 2024 examination:
- Validation of registration: The candidates who will register for the first time for JAIIB, will be registered for the exam for 3 years instead of 2 years – which was in the case of old rules and syllabus.
- The number of attempts: The new candidates will get a maximum of 5 attempts in the course of 3 years.
- No Consecutive appearance in exams required: Now the candidates are not required to appear in the exams consecutively for the calculation of the number of attempts. This means that they can attempt any of the 5 attempts that are available in the 3-year time period.
Now on to the main topic of this article:
Will you get credits for the exams cleared in JAIIB 2023 for JAIIB MAY 2024 Exams?
The answer?
Yes and no.
Let me explain:
For some of the JAIIB papers (that remain unchanged), you will be getting the credits, & for some other papers (papers that have been replaced), you will not get the credits.
Let’s understand how it’s going to work:
| JAIIB /DB&F /SOB 2024 EXAMS | |||
| No. | Subjects U/Old Syllabus | Eligibility for credits (Nov 2022, May 2023 & Nov 2023 credit) | Credits for Subjects U/New Syllabus |
| 1 | Principles & Practices of Banking (PPB) | Yes | Principles & Practices of Banking (PPB) |
| 2 | Accounting & Finance for Bankers (AFB) | Yes | Accounting & Financial Management for Bankers (AFM) |
| 3. | Legal & Regulatory Aspects of Banking (LRAB) | NIL | Not applicable |
READ MORE: WATCH OUR DAILY IIBF JAIIB/CAIIB LIVE CLASSES
Ultimately, the situation would be this (in question format):
- Will I get credit for the only exam (PPB) I cleared in Nov 2022/May/Nov 2023 in May 2024?
Yes, you will get credit for the PPB paper as per the following format:
| Credits gained in: | Valid for no. of attempts from May 2024 |
| Nov 2022 | 2 |
| May 2023 | 3 |
| Nov 2023 | 4 |
- Will I get credit for the only exam (Accounting and finance for bankers) i cleared in Nov 2022/May/Nov 2023 in May 2024?
Yes, you will get credit for the AFB paper as per the following format:
| Credits gained in: | Valid for no. of attempts from May 2024 |
| Nov 2022 | 2 |
| May 2023 | 3 |
| Nov 2023 | 4 |
- Will I get credit for the only exam (LRAB) I cleared in Nov 2022/May/Nov 2023 or May 2024?
No, you will not get any credit for the LRAB paper.
- I cleared PPB & AFB in Nov 2022/May/Nov 2023, will I get credit for them in May 2024 Exams?
You will be granted credits for AFB and PPB.
But you will have to write for the remaining 2 papers under the new JAIIB Syllabus i.e.
- Paper II of revised JAIIB 2024 i.e., Indian Economy & Indian Financial System (IEFS) and
- Paper IV of JAIIB 2024 i.e., Retail Banking & Wealth Management (RWM).
- I cleared AFB & LRAB in my Nov 2022/May/Nov 2023 attempt, will I get credit for those papers in JAIIB May 2024 Exams?
You will get credits for AFB but not for the LRAB paper.
Therefore, you will have to write for the remaining 3 papers under the new JAIIB Syllabus i.e.
- PPB (Principles & Practices of Banking),
- IEFS (Indian Economy & Indian Financial System) and
- RBWM (Retail Banking & Wealth Management).
- I cleared LRAB & PPB in Nov 2022/May/Nov 2023, will I get credit for them in May 2024 Exams?
You will get credits for PPB but not for the LRAB paper.
Therefore, you will have to write for the remaining 3 papers under the new JAIIB Syllabus i.e.
- Accounting & Financial Management for Bankers (AFM),
- Indian Economy & Indian Financial System (IEFS) and
- Retail Banking & Wealth Management (RBWM).
Another thing that the Junior Associate of the Indian Institute of Bankers candidates would be having doubts about is:
Whether or not they have to re-register for JAIIB 2024 attempts?
That depends on the fact when you have passed JAIIB. Let me explain it in Q&A format:
- I registered in May 2022, do I have to register fresh for May JAIIB 2024?
Yes, you have exhausted your 2-year registration period. You will have to register for the May 2023 Exams of JAIIB fresh & forgo any credits, if any, earned in any attempts.
- I registered in Nov 2023, do I have to register fresh for May JAIIB 2024?
No, you still have 2 attempts remaining. You can sit for JAIIB in upcoming attempts in any 2 attempts that will be conducted in the next 1.5 years.
Note: Candidates have the choice to let forgo credit to new registration.
- I registered in May 2023, do I have to register fresh for May JAIIB 2024?
No, you still have 3 attempts remaining. You can sit for JAIIB in upcoming attempts in any 3 attempts that will be conducted in the next 2 years.
Note: Candidates have the choice to let forgo credit to new registration.
- I registered in Nov 2023, do I have to register fresh for May JAIIB 2024?
No, you still have 4 attempts remaining. You can sit for JAIIB in upcoming attempts in any 4 attempts that will be conducted in 2.5 years.
Note: You also have the choice to forgo the credits & attempts & register afresh.
Other relevant Queries:
- Is the PASSING CRITERIA of the May JAIIB 2024 Exams/Revised Syllabus the same as that of what was applicable under the old Syllabus?
Yes with the only difference that there will be negative markings (25% of marks will be deducted for wrong answers.
Otherwise, it’s the same:
- You have to get 50 marks on each paper; or
- You have to get a minimum of 45 marks & have the aggregate of all papers to 200 marks (in a single attempt).
Important Note: The candidates who will be taking credits from previous JAIIB Exams, will have to get 50 marks in each of the papers they will be writing.
- What are the fees for Registration for the May 2023 Exams of Junior Associate of the Indian Institute of Bankers?
So, far there IIBF hasn’t mentioned anything in relation to the exam registration fee for the upcoming JAIIB Exams. So, to date, the fees that are applicable for JAIIB to bankers are:
| JAIIB MAY 2024 EXAM FEE | AMOUNT |
| First attempt fee | 2,700 + GST |
| Second attempt fee | 1,300 + GST |
| Third attempt fee | 1,300 + GST |
| Fourth attempt fee | 1,300 + GST |
Now, I hope all your queries are resolved. If you want to ask any other questions, feel free to ask in the comment Section!
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