CAIIB free notes 8279470702

 UPI UPI stands for Unified Payments Interface. It is a real-time payment system in India that enables users to link multiple bank accounts to a single mobile application and make seamless money transfers. UPI was developed by the National Payments Corporation of India (NPCI) and was launched in 2016. With UPI, users can send and receive money instantly using their smartphones. It eliminates the need for traditional payment methods like cash, cheques, or even net banking. UPI transactions can be done 24/7, including weekends and holidays. To use UPI, users need to download a UPI-enabled app from their respective bank or a third-party app that supports UPI. After installing the app, users can create a UPI ID or Virtual Payment Address (VPA) linked to their bank account. The UPI ID acts as an identifier, similar to an email address, and allows users to receive payments. Using UPI, users can transfer money by entering the recipient's UPI ID or scanning a QR code. Payments can be made ...

 Msme MSME stands for Micro, Small, and Medium Enterprises. It is a classification used in many countries, including India, to categorize businesses based on their size and investment in plant and machinery. In India, the definition of MSME was revised in 2020 to promote ease of doing business and provide various benefits and support to small and medium enterprises. Here are the updated criteria for MSME classification in India: Micro Enterprises: Micro enterprises are defined as businesses with a total investment in plant and machinery or equipment not exceeding INR 1 crore (approximately USD 138,000) and turnover not exceeding INR 5 crore (approximately USD 690,000). Small Enterprises: Small enterprises are defined as businesses with a total investment in plant and machinery or equipment between INR 1 crore and INR 10 crore (approximately USD 1.38 million) and turnover between INR 5 crore and INR 50 crore (approximately USD 690,000 to USD 6.9 million). Medium Enterprises: Medium ...

 Jaiib process The JAIIB (Junior Associate of the Indian Institute of Bankers) exam is conducted by the Indian Institute of Banking and Finance (IIBF) and is a professional certification for banking professionals in India. It consists of three papers: Principles and Practices of Banking (PPB): This paper covers various aspects of banking operations, including banking technology, customer service, banking regulations, and ethics. Accounting and Finance for Bankers (AFB): This paper focuses on accounting principles, financial statements analysis, loan accounting, capital adequacy, and risk management. Legal and Regulatory Aspects of Banking (LRB): This paper deals with the legal and regulatory framework governing the banking sector in India, including laws related to negotiable instruments, banking regulation acts, recovery of debts, and consumer protection. The exam is conducted in an online mode and consists of multiple-choice questions. The duration for each paper is two hours, an...