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NEO Banking - A Future Digital Banking, Development Scope, Threat and Challenges

What is Neo Banking? NEO banks are the banks which has no physical branches. NEO Banks are digital only financial institutions that operate exclusively online through websites and mobile apps.  The financial services industry has undergone massive transformations from manual to Core Banking and now digital without any physical branch. the evolution of banking has been marked by innovations aimed at making financial services more accessible, convenient, and efficient.   NEO Banks offers services like below: Account Management: Account Opening, Checking, Savings, and Money Transfers Loan Services: Quick and seamless loan approvals Low Fees: Minimal or no fees due to lower operational costs Tech Features: Budget tools, instant payments, and real-time alerts Why Are Neo Banks becoming popular now? Convenience : 24/7 mobile banking—no waiting in lines. Lower Fees : No hidden charges, free international transfers, and zero maintenance fees. User-Friendly Apps : Seamless, f...
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JAIIB - Junior Associate of the Indian Institute of Bankers

What is JAIIB?

JAIIB is the exam that is conducted by Indian Institute of Banking and finance. It gives the extra edge of knowledge of banking alongwith ceritification in banking knowledge (JAIIB for Member) from IIBF and one extra increment as monetory benefit someone is working in PSU bank.

Increment is applicable for officers as well as clerks.

Eligibility for JAIIB

It is applicable for ordinary member of the institute only. Anyone who is working in Banking and Financial industry can become member of the institute. However candidate should be passed matriculation exam.

Exam Pattern of JAIIB

It includes three subjects - 
                                    
I   Principles & Practices of Banking
II  Accounting & Finance for Bankers
III Legal & Regulatory Aspects of Banking

Each subject question paper contains approximately 120 questions (objective multiple choice) carrying 100 marks.
 
There is no negative marking for wrong answer.                                               


Pass Criteria for JAIIB

Minimum - 50%
Candidates securing atleast 45% in each subject with overall 50% marks in first attempt also considered as JAAIB passed.


Fees for JAIIB

Ordinary Membership valid for entire life - 1685/-

First Attempt of 2 blocks - 2697/- (12.36% service tax extra)
Second Atempt of 2 blocks - 2697/- (12.36% service tax extra)

For more details, refer official site of IIBF www.iibf.org. 


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