Full Form of JAIIB:
Junior Associate of the Indian Institute of Bankers
JAIIB Full Form is Junior Associate of the Indian Institute of Bankers. JAIIB is a course provided by the Indian Institute of Banking and Finance. It aims at provisioning required standard of basic knowledge in areas related to banking services, customer relations, banking technology, legal aspects, and basic accountancy that are carried out every day for the purposes of banking.
The subjects forming part of the examination are Principles and Practices of Banking, Accounting and Finance for Bankers, and Legal and Regulatory Aspects of Banking. There existed a scheme of exemption in respect of subjects asked in the JAIIB that has now been scrapped. The candidate, who have been awarded exemption before such withdrawal will continue enjoying such exemption until they finish the required time limit of four attempts to qualify the examination and that they will be granted only “Pass Class”.
Every paper in the examination will comprise 120 objective type MCQs, bearing 100 marks including those questions on case lets or case studies. The number of questions, however, is not fixed and may vary depending upon the discretion of the Institute. There is no negative marking in the examination. The questions conduct knowledge testing, problem-solving, case analysis and conceptual understanding of the subject. The mode of conducting the examination is Online, though a few centers conduct offline examinations as well. The examination is organized on three consecutive Sundays. The duration of the examination is 2 hours and the minimum passing marks required in each subject is 50 out of total 100 marks.
The eligibility criteria for the same are given in the following bullet points:
- The examination is available only to those who are members of the Indian Institute of Banking and Finance.
- Interested candidates must have qualified any matriculation examination or any other equivalent examination. The Institute, however, has the discretion to allow any person from the supervisory or clerical staff of banks to sit for the examination on the suggestion of the officer-in-charge or the Manager of the bank where the candidate works, despite not satisfying the first criterion mentioned.
- The subordinate staff of any Financial or Banking Institution recognized in India, who is also members of the Indian Institute of Banking and Finance, is also eligible to sit for the examination, provided that they have satisfied the first criterion.
- Member-candidates should appear while communicating their membership numbers.