WHAT ARE JAIIB AND CAIIB?
JAIIB refers to the Junior Associate of Indian Institute of Banking and Finance whereas CAIIB refers to the Certified Associate of Indian Institute of Banking and Finance. These are flagship examinations which are conducted by the Indian Institute of Banking and Finance (IIBF) for the members of the organization two times a year i.e in May and September.
A candidate applying for CAIIB must have completed JAIIB of the Associate examination under the old syllabus.
Clearing these exams can help the candidates in refining their skills and knowledge necessary for decision making and practical application of banking processes and also improve their income & future prospects.
Due to the ongoing Covid 19 pandemic, this year’s May/June month exam has been postponed and is likely to be held in Aug/Sept.
You can check the revised schedule @ http://www.iibf.org.in/
Read Also:- JAIIB EXAM DATE 2021
Read Also:- JAIIB EXAM DATE 2021
WHY SHOULD YOU TAKE JAIIB AND CAIIB EXAMS?
Keeping in view the busy banking schedule, it may not seem simple to prepare for these exams. However, these exams can open the doors of myriad opportunities in front of you and are very helpful to boost your career progression. All the public sector banks encourage these professional certifications and also offers reimbursement of fee besides rewarding increments in salary.
The benefits of qualifying JAIIB and CAIIB can be further categorized as monetary and nonmonetary:
MONETARY BENEFITS –
After clearing JAIIB and CAIIB exam, the candidates will be eligible for the following monetary benefits as agreed by the Indian Banks’ Association (IBA):-
- As a Clerk – One increment if you qualify for the JAIIB examination and two increments upon clearing the CAIIB examination as per the present pay scale.
- As an Officer – One increment each upon clearing the JAIIB and CAIIB examinations, respectively.
- Some banks have made it mandatory to qualify for the JAIIB and CAIIB exams in order to be eligible for the fast-track promotion exam.
- Another important benefit is life long increment of JAIIB which means till you are working in the bank you will get an increased salary.
NON MONETARY BENEFITS –
Apart from financial benefits, the candidates are also entitled to various nonmonetary benefits which are listed as below –
Improved Knowledge about Banking and Finance :
Upon clearing JAIIB and CAIIB exams, you will get vast knowledge about the banking operations along with various technical aspects of banking which will help in performing the banking duties more effectively and in a better way.
Read Also:- CAIIB EXAM DATE 2021
Increased chances of Promotion :
Additional Weightage is given to JAIIB and CAIIB exam qualifications at the time of promotional interviews. Hence, passing these exams can make you one step ahead of other candidates in getting promotions.
Eligibility for Plum Postings :
You get access to technical knowledge upon clearing the JAIIB and CAIIB examinations which can make you eligible in receiving posting in departments like treasury, foreign exchange, Corporate loans, government business, etc.
Increased efficiency in performing duties :
Clearing JAIIB and CAIIB exams will make you well versed with the fundamental knowledge in banking and financial services, banking technology, customer relations, basic accountancy, and legal aspects which can help you in performing the banking operations in an effective manner.
Easier to get internal promotions :
These certifications can also prove to be useful at the time of internal promotions too.
Read Also:- Benefits of Passing JAIIB
Read Also:- How to Clear CAIIB in One Attempt ??
HOW CAN YOU PASS THE JAIIB AND CAIIB EXAMS?
In order to crack the JAIIB & CAIIB exam 2021, it is important to acquire fundamental knowledge of the banking system. Following are the main subjects of the JAIIB examination :
PAPER 1 – Principles & Practices of Banking
PAPER 2 – Accounting & Finance for Bankers
PAPER 3 – Legal & Regulatory Aspects of Banking
Subjects of CAIIB examination :
PAPER 1- Advance Bank Management
PAPER 2 – Bank Financial Management
PAPER 3 – There are 11 elective subjects to choose from which include Corporate Banking. Human Resources Management. Rural Banking. Information Technology. International Banking. Risk Management. Retail Banking. Central Banking. Co-operative Banking.
To clear the JAIIB and CAIIB exams a minimum of 50 marks must be scored out of 100. Candidates securing at least 45 marks in each subject with an aggregate of 50% in all subjects in a single attempt will also be considered having cleared the exam.
Clearing JAIIB and CAIIB exams is always a win-win situation for a banker as it can provide unmatched opportunities to grow in the banking sector.
We at Learning Sessions are providing the entire study material, videos, free mock tests, PDFs, previous year question papers & much more which can help you in preparing well for JAIIB. The study material is updated regularly as prescribed by IIBF, important notifications & revised guidelines by RBI. We also provide a full chapter-wise video course which includes 50 hours+ videos of the JAIIB exam. So if you go through this video study material and our question series then we assure you that you can clear all the papers of JAIIB in one attempt for sure.