JAIIB Full Form: Know All About JAIIB Here!

By Ritesh|Updated : October 30th, 2021

JAIIB Full Form: The Full Form of JAIIB is Junior Associate of the Indian Institute of the Bankers. If you’ve appeared for Indian banking exams, chances are you’d have faced some questions around abbreviations and terminologies surrounding the banking world. This trend of asking questions related to abbreviations in banking exams (and sometimes in interviews) is well justified, as most of these abbreviations are used regularly in the banking world. For instance, you might be asked by your employer to appear in the JAIIB to assess your knowledge in the banking sphere. 

If you had no idea about what JAIIB is, your first reaction would probably be ‘What is the Full Form of JAIIB?

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What does JAIIB Stand for?

The Full Form of JAIIB is ‘Junior Associate of the Indian Institute of the Bankers’. JAIIB is a test conducted by the Indian Institute of Banking and Finance to assess someone’s knowledge of being employed as banking professionals. Not only does the test judge an individual’s capabilities in the areas of banking and financial services, but also other associated aspects - such as customer relationships, accounting, and financial technology, to name a few. If you’re a banker or a financial professional looking to get an edge in this highly competitive field, it is definitely a great idea to appear for the JAIIB.

Apart from learning the Full form of JAIIB, here are some quick facts about this highly competitive exam. 

JAIIB Quick Facts

  • Full Form of JAIIB - Junior Associate of the Indian Institute of Bankers.
  1. Bank clerks in Indian Banks and officers in Nationalised Banks are automatically eligible for a 1% increase in salary per annum, upon clearing the JAIIB exam.
  2. The JAIIB exam is held twice a year - one exam every May and November. The registrations close approximately two months before the examination (March and September every year). These dates are just tentative, and based on historical dates, and are subject to change - please check the IIBF website for the latest information.
  3. JAIIB is an instrumental exam for banking and finance professionals looking to be employed in similarly related fields like foreign exchange and treasury among others. 
  4. The JAIIB exam consists of the following 3 papers, each with several modules:
    1. Principles and practices of banking
      1. Indian Financial System
      2. Function of Banks
      3. Banking Technology
      4. Support Services 
      5. Ethics in Banks and Financial Institutions
    2. Accounting and Finance for bankers
      1. Business Mathematics and Finance
      2. Principles of Bookkeeping and accountancy
      3. Final Accounts
      4. Banking Operations
    3. Legal and Regulatory aspects of banking. 
      1. Regulations and compliance
      2. Legal aspects of banking operations
      3. Banking Related Laws
      4. Commercial Laws w.r.t. Banking Operations
  5. The exams will be held online, and each exam will have 120 multiple-choice questions, to be finished in 2 hours. 
  6. In order to clear JAIIB, a student should score a minimum of 50%. The candidate is allowed to score 45 marks on a paper if the aggregate total is above 50 (only if the marks are obtained in a single attempt)

Eligibility Criteria for JAIIB

To apply for JAIIB, you need to satisfy the following criteria:

  1. You should be a member of IIBF. If you aren’t a member, you can apply to be a member of IIBF, and after successful admission, you will be eligible to appear for the exam.
  2. You should have cleared the 12th standard board examination (irrespective of the stream). If you’re a clerical bank employee and have not cleared the 12th board exams, you can still appear for the JAIIB exam provided that you get a recommendation from your bank manager.

We hope this information was useful to you. Like the full form of JAIIB, you can learn from others our articles. This would be extremely beneficial for a banking exam.

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FAQs

  • The full form of JAIIB is the Junior Associate of the Indian Institute of Bankers.

  • A candidate can attempt JAIIB a maximum of four times, within a two-year time frame to clear the JAIIB exams.

  • Yes, your credits for any of the three papers can be utilized within 3 years.  However, you will have to score a minimum of 50% on all other papers. (The 45 marks plus 50% rule won’t apply to you.

  • For the first attempt, you’ll be liable to pay INR 2,700 (excluding GST), and for the subsequent attempts, the fee is reduced to INR 1,300 (excluding GST). This detail is correct as of August 2021 and is subject to change.

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