The Institute of Banking Personnel Selection (IBPS) is an autonomous agency in India that conducts recruitment and placement exams for various positions in public sector banks, regional rural banks, and other financial institutions. IBPS conducts IBPS PO, IBPS Clerk, IBPS RRB, IBPS SO recruitments every year.

Exam Insight provides IBPS special batch for preparation of these exams.

06 Nov
Banking Exams

IBPS Clerical Prelim and Mains Exam Syllabus:

IBPS provides its service to all Public Sector Banks, SBI, Associate Banks of SBI, RBI, NABARD, SIDBI, few Co.op.Banks, LIC & Insurance companies which are regular members of the IBPS society. In addition to that Regional Rural Banks, many Public Sector Undertakings of Non­financial sectors, Government Departments, State owned companies and Corporations also avail its services. Some major universities and reputed Management institutes engage IBPS regularly for conduct of their “Admission Tests”.
This indicates that more and more candidates are getting attracted towards job opportunities in Banking, Insurance and Financial sectors and directly/ indirectly, are showing their confidence in the system of the On­line tests conducted by IBPS which are absolutely fair,transparent and test of job relevant skills, aptitudes and knowledge.
Online test syllabus for Quantitative Math:
Simplification
Fraction
Approximate
Series
Averages
Ratio and Proportion Age, Partnership
Allegations and Mixtures
Percentages
CI and SI
Profit and Loss
Time and Distance
Boat and stream
Time and Work
Pipe and Cistern
Commercial Maths
DI and DS
Area & Perimeter
Clocks and Calendars

30 Oct
Banking Exams

Last minutes banking updates for IBPS P.O Exam:

  • MICR code consists of how many digits- 9 digits. (First three digits denotes city, next three digits representing the bank and the last three digits representing the bank branch)
  • What is the minimum limit in RTGS system -2 lakhs (there is no upper limit in RTGS)
  • What is full form of CTS – Cheque Truncation System
  • Under which service, customers may access their bank account and perform basic transactions from any of the member branch offices – Core Banking Solution (CBS)
  • Exchange of cash flow in different currency is known as – Currency Swap
  • Assets or loans which stop performing after 90 days is known as Non Performing Asset (NPA).
  • Who controls the Monetary Policy in India – RBI (Reserve Bank of India).
  • RuPay card is issued by NPCI (National Payments Corporation of India).
  • Definition of Current Account deficit – A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports.
  • Full form IFSC – Indian Financial System Code ((The IFSC is an 11 digit alpha numeric code, with the first four digits identifying the bank, fifth is numeric (kept 0) and the last six digits represent the bank branch.))
  • Commercial paper can be issued for a maximum period of 365 days or 1 year.
  • The Mutual funds in India follow accounting standards laid by SEBI (Securities and Exchange Board of India)
  • Minimum amount for Certificate of Deposit has been fixed at Rs. 1 Lakh.
  • AML is a term mainly used in the financial and legal industries. Expand the term AML- Anti Money Laundering
  • PIN is a number allocated to an individual and used to validate electronic transactions. Expand PIN (Personal Identification Number)
  • Repo rate is the rate is the rate at which RBI lends money to the commercial banks.
  • A cheque which is presented to a bank after 3 months from date of issue is considered as stale cheque and will often not be honored for cash or deposit at a bank.
  • Bancassurance: The selling of life assurance and other insurance products and services by banking institutions.
  • KYC: KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities. Know Your Customer (KYC) guidelines are issued under: Ans: Section 35A of the Banking Regulation Act, 1949
  • BSBDA (Basic Savings Bank Deposit Account): the credits in a financial year does not exceed rupees Rs. 1 lakh
  • In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does not exceed rupees: Ans: Rs. 50,000
  • In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a month does not exceed rupees Rs. 10,000
  • CASA: Current Account Saving Account
  • In what denominations Commercial Paper (CP) can be issued Rs. 5 lakh
  • 2500 is the minimum denomination of Treasury bills to issue in India.
  • Certificate of Deposit (CD) cannot issue Regional Rural Banks (RRBs) and Local Area Banks (LABs)
  • ASBA: Application Supported by Blocked Amount.
  • Depositor Education and Awareness Fund (DEAF) is maintained with RBI.
  • Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with Central Bank (RBI).
  • Maximum amount per transaction NEFT limit for cash-based remittances to Nepal Rs. 50,000.
  • CAR: Capital Adequacy Ratio
  • When money is lent or borrowed for one day or on overnight basis it is known as Call Money.
  • When money is lent or borrowed for between 2 days and 14 days it is known as Notice money
  • When money is lent or borrowed for a period of more than 14 days, it is known as Term money.
  • Treasury Bills and Certificate of Deposit are considered as the negotiable money market instruments.
  • Commercial Paper (CP) is an unsecured money market instrument issued in the form of a Promissory note
  • 5 lakhs is the upper limit in Public Provident Fund (PPF).
  • As per RBI guidelines, with effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders and Banker’s Cheques is 3 months.
  • 90 days is the time limit for an asset or loan to be declared as Non-Performing Asset.
  • Deposit Insurance and Credit Guarantee Corporation (DICGC) does not cover Primary co-operative societies.
  • RBI measure to liquidate the market: Repo rate.
  • Full form of EFT: Electronic Fund Transfer
  • Fastest mode of transaction: RTGS
  • Daily Basis Bank pays interest on savings account.
  • What is the loan limit for education under priority sector for studies abroad Rs. 20 lakh (Loans to individuals for educational purposes including vocational courses upto Rs.10 lakh for studies in India and Rs. 20 lakh for studies abroad are included under priority sector.)
  • Fixed Deposit (FD)Account may be opened for a minimum period of: Ans: 7 days 52 and minimum amount Rs.1000 required to open a Fixed Deposit (FD).
  • The Banks has converted all ‘no – frills’ accounts’ into Basic Savings Bank Deposit Accounts
  • ‘Pradhan Mantri Jan Dhan Yojana’ is a Scheme for Financial inclusion & overdraft facility to be provided in ‘Pradhan Mantri Jan Dhan Yojana’ scheme Rs. 5,000.
  • In CBS, C stands for Core Banking Solution.
  • In CRAR, A stands for Capital to Risk Weighted Assets Ratio)
  • IMPS – Immediate Payment Service is an interbank electronic instant mobile money transfer service through mobile phones in India, the facility is provided by NPCI (National Payment Corporation of India).
  • The Central Bank of India has adopted new measure of inflation Consumer Price Index (CPI)
  • When a cheque is torn into two or more pieces and presented for payment, such a cheque is mutilated cheque.
  • Deputy Governor of RBI appellate authority in Banking Ombusdsman. If any customer is not satisfied by the decision of Banking Ombudsman, customer can appeal against the award before the appellate authority within 30 days.
  • ATMs or Cash Dispensing machine which are owned and operated by Non-Banking Financial Companies are called White Label ATMs.
  • RBI gave in-principle for Banking license to IDFC and Bandhan and Minimum capital requirement for new banks in private sector is 500 crore.
  • A Non-Banking Financial Company (NBFC) is a company registered under Companies Act, 1956 and Minimum capital requirement for Non-Banking Financial Company (NBFC) is Rs. 500 crore.
  • The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months ( and maximum period of 60 months)
  • A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI and the present ceiling 12.5%pa.
  • Minimum capital requirement for Foreign banks that want to set up operations in India is Rs. 500 crore.
  • 100 crores minimum paid-up capital requirement of both small banks and payments banks in India.
  • RBI extended the timeline for full implementation of Basel III norms till 31 March 2019.
  • SLR (Statutory Liquidity Ratio) is the amount a commercial banks needs to maintain in the form of Cash or Gold or govt. approved securities.
  • Marginal Standing Facility (MSF) is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
  • Treasury bills (T-bills) issue Government of India and Treasury bills are available for a minimum amount Rs. 25,000
  • to implement GST (Goods & Services Tax) new indirect tax regime from 1st April 2016.
  • RBI extends deadline for exchanging pre-2005 currency from June 30, 2015 to December 31, 2015.
  • 2000 amount RBI allows in ‘Tap and pay’ transactions without PIN.
  • RBI lifted a ban on carrying Indian bank notes of Rs 1,000 and Rs. 500 denominations to and from Nepal and Bhutan.
  • Pension scheme for unorganized sector Swavalamban.
  • Full form of REIT: Real State Investment Trust.
  • Forward Market Commission merge with SEBI.
  • Purpose of starting Minor account for 10 years children Financial inclusion.
  • Full form of CVV: Card Verification Value.
  • (BIS)Bank of International Settlement headquarters in Switzerland.
  • RBI appoints Banking Ombudsman officer.
  • IFRS full form International Financial Reporting Standards.
  • Corporate Social Responsibility committee headed is by Anil Baijal.
  • NABARD is the Regulatory body for RRBs.
  • Mutual funds regulated by SEBI (Securities and Exchange Board of India).
  • MTSS stand for Money Transfer Service scheme.
  • 2% of NDTL amount of money can RBI lend to a bank.
28 Oct
Banking Exams

Banking Awareness: IBPS Exam related banking word:

Balance: the difference between credits and debits in an account
Bank charges: money paid to a bank for the bank’s services etc
Branch: local office or bureau of a bank
Checkbook: book containing detachable checks; chequebook
Check: written order to a bank to pay the stated sum from one’s account; cheque
Credit: money in a bank a/c; sum added to a bank a/c; money lent by a bank
Credit card (plastic) card from a bank authorising the purchasing of goods on credit
Current account: bank a/c from which money may be drawn at any time; checking account
Debit: a sum deducted from a bank account, as for a cheque 
Deposit account: bank a/c on which interest is paid; savings account
Fill in: to add written information to a document to make it complete; to fill out
Interest: money paid for the use of money lent – interest rate.
Loan: money lent by a bank etc and that must be repaid with interest.
Overdraft: deficit in a bank account caused by withdrawing more money than is paid in
Pay in: [paid, paid] to deposit or put money in to a bank account
Payee: person to whom money is paid
Paying-in slip small document recording money that you pay in to a bank account
Standing order: an instruction to a bank to make regular payments
Statement: a record of transactions in a bank account
Letter of credit: a letter from a bank authorising a person to draw money from another bank
Bill of lading: list of goods and shipping instructions; waybill
Point of sale. the place where a product is actually sold to the public
A.T.M. Automated Teller Machine; cash dispenser
Banknote: a piece of paper money; bill
Bill a banknote: a piece of paper money
Black market: illegal traffic in officially controlled commodities such as foreign currency
Bureau de change:  establishment where currencies of different countries may be exchanged
Cash: coins or bank notes (not cheques); actual money paid as opposed to credit
Cash dispenser: automatic machine from which clients of a bank may withdraw money; ATM
cashier: person dealing with cash transactions in a bank, store etc
Currency: the money in general use or circulation in any country
Exchange rate: the rate at which one currency can be exchanged for another
Foreign exchange: the currency of other countries
Hard currency: currency that will probably not fall in value and is readily accepted
Invest:  to put money for profit into business, land etc – investment
Legal tender: currency that cannot legally be refused in payment of a debt
Petty cash: a cash fund for small, everyday expenses
Soft currency: currency that will probably fall in value and is not readily accepted
Speculate: (risky) buying of foreign currency, land etc for rapid gain – speculation
Transaction: a (usually commercial) exchange; a deal – to transact 

25 Oct
Banking Exams

TJSB Sahakari Bank Ltd RECRUITMENT IN TRAINEE OFFICER CADRE

TJSB Sahakari Bank Ltd. is a fast growing and one amongst the leading top three Urban Co-operative Banks in the country is hiring talented and aspiring individuals for the post of “Trainee Officer” of the Bank. Interested candidates may apply online between 23.10.2015 to 02.11.2015 (inclusive of both days) only through the Bank’s website (www.tjsb.co.in – Career Opportunities) after carefully going through the instructions contained in this advertisement. RECRUITMENT IN TRAINEE OFFICER CADRE – 2015-2016 GUIDELINES

22 Oct
Banking Exams

IBPS CWE – PO/MT Exam Prepration Classes in Bandra

IBPS PO/MT CWE Admit card Download Online – IBPS PO/MT Common written Exam (CWE) V is going to held in October month. Now they should Download Admit card of IBPS PO/MT CWE 5 by the given link below or via visiting official website of IBPS www.ibps.in. or Click here

IBPS CWE – PO/MT Exam Prepration Classes in Bandra

Bank Exam Coaching in Bandra

12 Oct
Banking Exams

NABARD Recruitment Apply Online for 85 Development Assistant Posts

National Bank for Agriculture & Rural Development (NABARD) has released notification for the recruitment of 85 Development Assistant & Development Assistant (Hindi) vacancies. Eligible candidates may apply online from 08-10-2015 to 30-10-2015. Other details like age limit, educational qualification, selection process, how to apply are given below….Advt details… Click here…..online Apply

NABARD BANK EXAM PREPRATION INSTITUTE IN MUMBAI

12 Oct
Banking Exams

RBI Officers Grade ‘B’ Recruitment

About RBI Officers Grade ‘B’
This is the bank exam held for recruitment to Reserve Bank of India (RBI) for the job of Grade B officer. Find information regarding paper pattern, salary, exam dates, result etc.The RBI conducts an online exam for recruitment to the post of Grade ‘B’ officer in its branches all over the country.

Online Apply: 5 October to 23 October

Exam date: 21 & 22 November, 7 December

Test Duration & Pattern
Phase-I ON-LINE Examination (Objective Type):Total Marks:200

Sr.No. Name of Tests (Objective) ——————-Duration
1 General Awareness                                           130 minutes
2 English Language
3 Quantitative Aptitude
4 Reasoning

Phase-II Written Examination (Descriptive Type): Total Marks:100

Sr.No. Name of Tests —————————– Duration
1 English                                                          180 minutes
2 Economic and Social Issues
3 Finance and Management

Exam Format
The Phase – I exam is conducted online and the Phase II exam is written.More details: Click Hererbi exm