NDSS Academy

Banking & Financial Awareness

Banking terms, RBI, monetary policy, financial institutions and schemes.

3 MonthsDuration 10Chapters41Topics
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Syllabus · पाठ्यक्रम

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01Indian Banking System 5 topics
  1. History of banking in India
  2. Nationalisation of banks (1969, 1980)
  3. SBI and its formation
  4. Regional Rural Banks and cooperative banks
  5. Types of banks - scheduled, small finance, payments banks
02Reserve Bank of India 4 topics
  1. Establishment and headquarters
  2. Functions - banker's bank, currency issue, regulator
  3. Currency management
  4. Lender of last resort
03Monetary Policy 4 topics
  1. Monetary Policy Committee
  2. Repo and reverse repo rate
  3. CRR and SLR
  4. Effect of policy tools on money supply
04Banking Terms & Accounts 4 topics
  1. Savings, current, fixed and recurring deposits
  2. KYC norms
  3. Cheques - types and validity
  4. IFSC, MICR and other codes
05Payment Systems & Digital Banking 4 topics
  1. NEFT and RTGS
  2. IMPS and UPI
  3. NPCI and its products
  4. Cards and digital safety
06Financial Institutions & Regulators 4 topics
  1. SEBI
  2. IRDAI
  3. PFRDA
  4. NABARD, SIDBI, EXIM Bank, NHB
07Money Market & Capital Market 4 topics
  1. Money market instruments - T-bills, CP, CD
  2. Capital market - primary and secondary
  3. Stock exchanges and indices
  4. Mutual funds
08Insurance, Pension & Social Security Schemes 4 topics
  1. LIC and general insurance
  2. PMJJBY and PMSBY
  3. Atal Pension Yojana and NPS
  4. Small savings schemes - Sukanya Samriddhi, PPF
09NPA, Basel Norms & Reforms 4 topics
  1. Non-performing assets and classification
  2. Basel norms and capital adequacy
  3. SARFAESI Act and IBC
  4. Banking reforms and mergers
10Financial Inclusion & Priority Sector 4 topics
  1. Financial inclusion and Jan Dhan
  2. Business correspondents
  3. Priority sector lending targets
  4. Microfinance and SHG-bank linkage

About

You will be able to

  • Describe the history and structure of Indian banking - nationalisation, SBI, RRBs and cooperative banks
  • Explain the functions of RBI and monetary policy tools - repo, reverse repo, CRR and SLR
  • Use banking terms correctly - account types, cheques, KYC, IFSC, NPA
  • Compare payment systems - NEFT, RTGS, IMPS and UPI - and know who operates them
  • Identify financial regulators and institutions - SEBI, IRDAI, PFRDA, NABARD, SIDBI
  • Recall money market, capital market, insurance, pension and financial inclusion facts

Who it is for

  • IBPS PO / Clerk / RRB and SBI PO / Clerk aspirants (General / Financial Awareness)
  • RBI Assistant, NABARD, insurance (LIC AAO / ADO) aspirants
  • Anyone who wants clear basics of Indian banking and finance

What you need

  • Basic reading ability in English
  • Interest in following financial news is helpful

Questions

Is banking awareness asked in IBPS Clerk prelims?

No, prelims has English, reasoning and maths. Banking and financial awareness is asked in the mains (General / Financial Awareness section).

Rates like repo rate keep changing. How do I keep track?

This course teaches the concepts. The latest rates and news are covered in the centre's monthly current-affairs and banking update set.

Is it useful for interviews too?

Yes. Bank interviews often ask about RBI, NPAs, digital payments and financial inclusion, which are covered here.

What is the course duration?

About 3 months with weekly tests and mains-level mock tests.

Download the syllabus (PDF)

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