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What Are Vital Steps to Pass Bank Exams?

Updated on June 5, 2020
PrateekJain24 profile image

Prateek is a qualified junior associate officer who possesses practical knowledge in banking operations.

Intro

Indian Institute of Banking and Finance (IIBF) provides special prospects by offering courses in Finance and Banking stream. It offers many courses to enhance and upgrade the knowledge and skills of banking experts. These courses provide theoretical as well as practical knowledge. It helps to streamline with diverse RBI policies and banking systems.

1) Basics

Indian Institute of Banking and Finance conducts many exams to educate bankers. It enhances their knowledge and brushes up their skills and abilities. One-time ordinary membership fees to join the institute is just 1700/- rupees. However, fees to appear in Junior Associate exam are as follows.

  • 2400/- rupees for the first attempt.
  • 1000/- rupees for a later attempt.

Dealing with public money is tricky and it requires applicable knowledge and due diligence to carry out all transactions efficiently. Thus keeping these aspects into concern, the Reserve Bank of India has established this institute. It conducts varied exams for bankers and rewards them with a certificate after they qualify for the exam. Banking professionals having experience of up to two years in any financial institution can apply for this exam. Most of the banks notify their employees to appear in IIBF exams. They also reimburse the exam fees on qualifying their exams. Employees also get increments and promotions once they have cleared the exam.

2) Syllabus

The Junior Associate exam consists of three papers. These papers are mentioned below -

  • Principle and practice of bankers.
  • Finance and accounting for the bankers.

  • Legal and regulatory aspects of banking.

Each subject has 120 questions of 100 marks, consisting of one, two and five-mark questions. In order to crack the exam, candidates should score 45 marks out of 100 in each subject. Also, their aggregate score must be 150 out of 300, i.e. 50%.

Exams are conducted in an online mode, on Sundays or Bank holidays. This is because candidates do not have to take leave from their job to appear for the exams. The time duration for each subject is two hours. Within this time duration students have to attempt all the questions and submit their online exam.

3) Application

Prerequisite for registration -

  • A Bachelor's degree from a recognized institute.

  • A career in the banking sector.

After fulfilling the above criteria, get to register for the Junior Associate exam. Exams are conducted twice in a year i.e in June and November month. Appearing for this examination in June's month is highly recommended. After clearing the Junior Associate exam one can prepare and appear for a Certified Associate exam. To qualify the Junior Associate exam in the first attempt, create a proper schedule for exam preparation.

Always follow your routine on a routine basis. Choose a peaceful place to study in order to stay focused on learning. Applicants are allowed to use battery-operated portable calculators with up to six functions, twelve digits and up to two memories. Aspirants are not allowed to use a scientific calculator in the exam.

4) Resources

Search for some teaching channels on YouTube and watch a few demo lectures. The lectures available will help you to know many mentors teaching patterns. If, the lectures are worthwhile then subscribe to those channels. Note down all the valid and informative points so that it can be easily accessible while preparing for the exams.

Students should start preparing for the exams from the very first day once enrolled. This will help candidates in completing the syllabus in advance, and they will find time for revision as well.

Read and clear all the concepts thoroughly as it will help the aspirants to retain the topic in their mind during the examination. Refer to the institute's published and elaborated study material which is available on the portal. Before appearing for the exams candidates should practice some mock-tests paper. It is important to gain practical exposure to the exam pattern.

5) Healthy Routine

One must have healthy meals and should avoid any kind of junk food during preparations for the examination. Also, drink an adequate quantity of water while preparing for the exams. Don’t eat heavy food items as you will feel lazy and dull after that.

Sleep for at least 6-7 hours before the examination day as this will relax your mind and body. With proper sleep and a relaxed mind, aspirants will feel fresh and stay focused on the examination day. With a smart and consistent study plan, students can qualify the exam in the first attempt. If not, then one can re-appear for the next cycle of exams. But it will be a remarkable success if cleared at the first attempt because it will save a lot of time, energy, and money.

Thus, it will boost the professional career into the next level of growth. Always think about the exam in a positive way. To clear the exam with flying colours the candidates must think in a positive way. In this way, it's easy not only to ace the exam but also to score brilliant marks.

6) Do's and Don't

  • Arrive at the exam centre fifteen minutes before the examination starts.
  • Search your room number and seat number allotted, from the chart on the notice board.
  • Carry Hall Ticket or Admit Card issued by the Institute along with an identity proof.
  • Don't carry smartphones or any other electronic gadgets with you on the computer lab as it is strictly banned.
  • There will be enough time to read and answer all the questions. Hence, do not skip to attempt any question.
  • Don't rush out of the class by submitting paper early. If you have attempted all the questions, then use the free time to recheck doubts.

7) Evaluation

After submitting exams, the result will display immediately on the screen. Also, the institute sends a provisional scorecard to registered email ID within 3 days. The official result will be announced after 1 month on the official website of the institute. Exam Result can be accessed by registration number and date of birth. Post successful qualification the final certificate will be published on the official website within one month. Always think positive to get assured results.

Verdict

The banks adhering to Indian Banking Association Guidelines have to update the pay structure and other benefits of the employees who have cleared this examination. After qualifying Junior Associate and Certified Associate Exams, employees are promoted in major verticals such as foreign exchange divisions or treasury bureaus in their organisations and are entitled to receive increments in their salary.

In case of any queries regarding exams or syllabus, the students can directly contact the coordinator via mail or toll-free number. The institute has given its toll-free number and email id on their website. If you put all possible efforts to reach a set goal, then sooner or later you will surely achieve it. Keep struggling for your target every day. Behead the tips discussed above meeting your goal briskly and strongly.

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2019 Prateek Jain

Comments

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    • PrateekJain24 profile imageAUTHOR

      Prateek Jain 

      4 weeks ago from Madhya Pradesh, India

      Thank you Suchi mam and sneha nam for your valuable comment. I gave this exam earlier in order to qualify for promotion in my bank. This is a very worthy certificate and banking proffessionals can gain plenty of knowledge from this course.

    • Sneha Bhat profile image

      Sneha Bhat 

      5 weeks ago from India

      Very nice article sir. Liked the tips that you have shared with us in this article... Expecting many more such helpful articles.

    • Suchismita pradhan profile image

      Suchismita Pradhan 

      5 weeks ago from India

      Your information about the exams is spot on. Iam sure it will help many to know about the various procedures.This will help many to crack the exams and the minute details you have explained here like dos and donts will help them to get a checklist before appearing the exam.Thanks for sharing.

    • PrateekJain24 profile imageAUTHOR

      Prateek Jain 

      2 months ago from Madhya Pradesh, India

      Thank your Akash for your wonderful comment. I think everyone who are preparing for the competetive exams will definitely find these tips very valuable. Also, i advice people to prepare a routine before starting their studies so that their will be a discipline routine in your study routine. Thank you for your time to explore and comment brother.

    • AndazeAkash profile image

      AndazeAkash 

      2 months ago

      Most of the students and working professionals is preparing for competitive exams. Your article has a personal touch, which is very good. I learnt a lot. Thanks for sharing.

    • PrateekJain24 profile imageAUTHOR

      Prateek Jain 

      3 months ago from Madhya Pradesh, India

      Thank you Prantika mam. As you rightly suggested that everyone who will be appearing for banking exams must read these tips once to get maximum benefit.from it. Also, one must be aware of some important thing before applying for exam and appearing in it such as fees, exam pattern, duration of exam and evaluation and marking criteria. Thank you for reading and i am glad that you liked the article.

    • Prantika Samanta profile image

      Prantika Samanta 

      3 months ago from Kolkata, India

      An informative article highlighting on the tips how to crack the competitive exams, fees, dos and don'ts in the examination hall. Candidates who are appearing for such exams must go through this article. It will benefit them in preparing for the examination and getting through it successfully.

    • PrateekJain24 profile imageAUTHOR

      Prateek Jain 

      3 months ago from Madhya Pradesh, India

      Really happy from your comment sir. Thank you for your appreciation. I appeared in many banking exams during which i followed a disciplined routine which helps me to clear the exams in one attempt.

    • hmkrishna profile image

      Halemane Muralikrishna 

      3 months ago from South India

      Achieving in competitive exams is really important for youngsters. Your article will certainly help youngsters to prepare properly and have enough knowledge to tackle this situations. Very good article Mr Prateek. Resources, habits and routine activities are all dealt by you very precisely.

    • PrateekJain24 profile imageAUTHOR

      Prateek Jain 

      3 months ago from Madhya Pradesh, India

      Thank you for your feedback Simran. You must follow these steps too for your upcoming exam preparations. Basically you pointed the correct issue that nowadays students do not follow proper routine like sleeping hours or diet plans which adversely affect their productivity. After reading your comment I am glad that you have understood the purpose of this article very well. Thank you for reading this.

    • profile image

      Simran Malhotra 

      3 months ago

      Great tips for cracking banking exams.Everyone fears alot while appearing for any exams being it competitive exam or any entrance exam.Appropriate strategy,prepartion and proper guidance is must for succeeding in any exams. Most important is proper diet and minimum hours of sleep before exams is must to keep your mind and body calm and relaxed. Students should also refer to online resources to update their knowledge about the topics already read.

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