The Indian Institute of Banking and Finance (IIBF) is a registered public company established by the Reserve Bank of India and is under the jurisdiction of the Ministry of Finance, the Government of India that imparts education in banking and finance. It is known for its flagship courses, the Junior Associate of Indian Institute of Bankers (JAIIB)/Diploma in Banking and Finance (DBF) and the Certified Associate of Indian Institute of Bankers (CAIIB). It is the statutory professional body for Bankers in India. With its membership of over 700 banks and financial institutions as institutional members and about 300,000 of their employees as individual members, IIBF is the largest Institute of its kind in the world and was established by the Reserve Bank of India. It works with the RBI in formulating and enforcing banking standards and policies.
The overview has been given below in the following table-
Name of organization | Institute of banking and finance |
---|---|
Institution | Indian Institute of Banking & Finance (IIBF) |
Name of Examination | CAIIB exam |
Eligibility | Members Only |
Mode of Application | Online |
Mode of exam | Online written exam |
Exam conducted | Twice a year |
Official website | iibf.org.in |
CAIIB has released the registration and examination dates for the December Cycle 2023. Candidates will be able to apply online from 1st September 2023 and the examination will commence from 3rd December 2023. The Indian Institute of Banking and Finance (IIBF) is a registered public company established by the Reserve Bank of India and is under the jurisdiction of the Ministry of Finance, the Government of India that imparts education in banking and finance. It is known for its flagship courses, the Junior Associate of Indian Institute of Bankers (JAIIB)/Diploma in Banking and Finance (DBF) and the Certified Associate of Indian Institute of Bankers (CAIIB).
Candidates who are will be appearing in the CAIIB December Cycle 2023 must have proper knowledge regarding all the aspects of the notification. In this article, we will provide you with the all the details like Important Dates, Registration Process, Exam Pattern, Syllabus, Admti Card and more.
The overview has been given below in the following table-
Name of organization | Institute of Banking and Finance |
---|---|
Institution | Indian Institute of Banking & Finance (IIBF) |
Name of Examination | CAIIB exam |
Eligibility | Members Only |
Mode of Application | Online |
Mode of exam | Online written exam |
Exam conducted | Twice a year |
Official website | iibf.org.in |
Candidates who are willing to apply for the December Cycle must be aware of the application procedure. We have mentioned below the detailed steps to apply online for all the aspiring candidates.
The IIBF has set the CAIIB application fee based on the number of attempts made by candidates. Every attempt must be registered separately by the candidates. Registration fees are given below:
ATTEMPTS | FEES FOR MEMBERS(RS.) |
---|---|
First attempt fee | 5,000* |
Second attempt fee | 1,300* |
Third attempt fee | 1,300* |
Fourth attempt fee | 1,300* |
Fifth attempt fee | 1,300* |
According to the IIBF's official website, only those applicants who have passed the JAIIB or PART-I exam for the associate examination are eligible. Also, their membership subscription must not be in arrears. Other points that candidates should keep in mind:
Sl No. | Paper | Date |
---|---|---|
1 | Advanced Bank Management | 26th November 2023 |
2 | Bank Financial Management | 3rd December 2023 |
3 | Advance Business & Financial Management | 9th December 2023 |
4 | Banking Regulations and Business Laws | 10th December 2023 |
5 | Elective (Rural Banking, Human Resources Management, Information Technology & Digital Banking, Risk Management, Central Banking) | 17th December 2023 |
The exam pattern for the CAIIB Exam has been given in the table below-
Particulars | Details |
---|---|
Total time duration of the exam | 120 minutes for each paper |
Total number of questions | 100 questions for each paper |
Total marks | 100 marks for each paper |
Type of exam | Multiple-choice questions |
Medium of exam | English or Hindi |
Mode of exam | Online exam |
Negative Marking | No negative marking |
Pattern of questions | Problem-solving, Knowledge testing, conceptual grasp, case analysis, Analytical/Logical Exposition, There may be some numerical questions in some of the CAIIB subjects where, no options will be provided. These questions will not be in the MCQ pattern and the answer has to be keyed in by the candidate. |
The admit card for the CAIIB exam is usually released 10 days before the exam. Generally, the admit card is sent to the email ID and the mobile numbers of the candidate that they provided at the time of registration. Besides this, the admitted candidates can also download the Admit Card from the official website. The detailed procedure for the same has been given below –
The admit card is to be carried to the exam hall, as identity proof such as PAN Card, Aadhar Card, Driving License, etc., and also the membership card.
The board announces the result of the CAIIB Exam on the official website of the IIBF. There are three papers, i.e., two compulsory and one optional paper of 100 marks each. The candidates are required to score minimum cut-off marks for the final result. The result is announced based on the total marks achieved by the candidates in all three papers. The candidates can check their results by logging onto the official website.
As more graduates from other fields join banks, they will require a basic banking interface to meet their day-to-day demands. CAIIB is designed to meet that demand.
Passing the CAIIB exam enhances a bank employee's professional qualifications by understanding broad commercial banking principles, risk management, financial management, and information technology management.
Internal promotions are given weightage in addition to passing the CAIIB. The majority of bank personnel pass the CAIIB exam early in their careers.
Banks provide two increments for passing JAIIB in addition to professional competence. After attaining the maximum scale, one is eligible for PQA allowances, including DA and pension benefits. It has significant financial benefits throughout a career.
Employees working in various banks receive wage increases after passing the CAIIB Exam. According to the Indian Bank Association's guidelines, every permanent bank employee from a PSU (one of the members of IBA) is eligible for salary increment after passing the CAIIB exam. There are two sorts of increments, with the following details:
In the case of Clerks,
There will be two wage increases. After completing the CAIIB Exam, a bank clerk's pay scale is Rs 11765 Rs (655 x 3) (increments) = Rs 13730 /-. (Basic).
In the case of Officer 1 salary increase after passing CAIIB.
Furthermore, passing the CAIIB Exam will provide you with advanced information that will enable you to make better decisions in the areas of Treasury Management, Risk Management, Balance Sheet Management, Credit Management, International Banking, Economic Analysis, and so on.
Other than income increases, passing the CAIIB Exam has several advantages. The following are a few of them:
The passing criteria have been given as follows:
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