National Banking entrance exam FAQs

National Banking entrance exam FAQs

1. What is National Banking Entrance Exam (NBET) and who conducts it?

NBET is National Banking Entrance Exam and it is conducted by IFBI, which is, Institute of Finance, Banking and Insurance.

It is India’s largest Banking, Financial Services & Insurance (BFSI) training & education institution. It is an NIIT Ltd. Venture with equity participation by ICICI Bank to cater to the manpower needs of the fast-growing BFSI sector.

2. Where are these exams conducted?

NBET is an online examination in Verbal, Numerical, Logical and Basic Checking.

3. Which banks give preference to NBET candidates?

There are top recruiters like –ICICI Bank, Axis Bank, Karur Vysya Bank, IndusInd Bank, Kotak Mahindra Bank, etc.

4. What is the educational qualification required for the entrance exam?

Education qualification required for the entrance exam –

Graduates/Post Graduates/MBA with 50% marks in Graduation, Class XII & X. Final Year Graduation Students can also apply.

5. I scored less than 50% in graduation and however my post graduate percentage is 60%, am I eligible?

Yes! You are eligible. But specific criteria for further selection process with Partnering Organization shall apply.

6. What is the exam pattern?

This is an online examination in Verbal Ability, Numerical Ability, Logical Reasoning and Basic Checking.

7. How to apply for this entrance test?

You can apply online on the Website: http://www.ifbi.com/index.aspx or obtain the application form from the IFBI centre.

8. How can I pay fees?

You can pay application fees via Cash or Credit /Debit card or Cheque or Demand Draft : should be in favour of “NIIT Institute of Finance, Banking and Insurance Training Ltd” payable at the preferred city location as chosen in IFBI application form.

9. What skill set do I need for Banking, financial services and insurance industry?

Personality Skills - Energetic, Positive Attitude, Flexible, Goal oriented, Assertive.

Behavioral Skills – Team work, taking initiative, problem solving

Industry specific skills – strong communication skills, customer interfacing skills

Domain knowledge - knowledge of financial processes and products, technology orientation

10. After qualifying exam what is the selection procedure?

Candidates who qualify in NBET would need to appear for a personal interview and shortlisted candidates would need to enroll for the post graduate programs in order to establish a banking career with top recruiters in the banking sectors.

11. What are the Programs available after crossing NBET exam?

IFBI NBET Programs & Recruiting banks are -

Post Graduate Diploma in Banking Operations (PGDBO) Program for careers with ICICI Bank

Bank Vantage Career Programs (PGDB) Programme for careers with Kotak Mahindra Bank, Axis Bank, Dhanalakshmi Bank, ING Vysya Bank, Yes Bank, etc.

Post Graduate Diploma in Retail Banking(PGDRB) for careers with Axis Bank.

12. What is PGDBO program?

The objective of the Post Graduate Diploma in Banking Operations (PGDBO) program is to build a pool of banking professionals in India, who can sustain the growing momentum of ICICI bank and help it achieve new levels of profitability and customer responsiveness.

13. What is PGDB program?

The focus of PGDB+ program is to craft proficient entry-level banking professionals who are trained on banking domain, have knowledge of application software - Finacle and have high customer orientation skills. Thus, creating first-day-first-hour industry-ready banking Professionals for the banking sector. The program is offered with 100% placement assistance with partner organizations - India's leading private sector BFSI organizations.

14. What is PGDRB program?

Post Graduate Diploma in Retail Banking (PGDRB) is an exclusive career program for Axis Bank. The program aims to build a pool of banking professionals in India, who can help Axis bank achieve new levels of profitability and customer responsiveness.

15. Does IFBI offer any other Banking Programs?

Yes, IFBI offers a range of banking programs apart from what listed above. For further details Click here.

16. What are all documents required to submit along with application form?

Those filling IFBI Application Form at the center or downloaded from website or online, need to submit the Application Form along with the following documents by reaching them to their preferred IFBI center:

Three Copies of passport-sized photographs

Education Qualification :

For Graduates: Photocopies of class X, XII, Graduation Mark Sheets and Certificates.
Post Graduation Certificate & Mark Sheet (If Applicable)
Proof of Date of Birth
Proof of work experience (if applicable)
Application fees as prescribed in form
Based on the performance in the personal interview and the test, appropriate program offer will be made to the candidates. Selected candidates should confirm their acceptance by paying non-refundable Admission Fee.

17. What are the qualifying criteria for program certificate?

Based on the program, a minimum of 50% aggregate marks with a minimum of 85% attendance during the program is essential to qualify for program certificate.

18. What types of profiles are offered to IFBI graduates?

Depending on the hiring organization, students get hired in varied functions like Sales (customer acquisition), Front Office Operations, and Back Office Operations, High end Operations amongst many others.

19. What levels do we get hired at?

Mostly, at the entry level as Officer, Relationship Executive/Manager. Exceptionally bright candidates may get entry laterally at higher levels.
Toppers will receive pre-placement offers from leading banks

20. What do I get under IFBI’s placement assistance facility?

IFBI Programs prepares student academically and provides them with the skills to excel in the chosen profession, before providing exposure to Partner Organization/s for internship and placement opportunities. We provide adequate opportunities to attend interviews until you are placed.

21. Who are the partnering organizations with IFBI?

IFBI has placement tie-ups with more than 25 leading BFSI sector organizations including - ICICI Bank, Axis Bank, Kotak Mahindra Bank, Dhanalakshmi Bank ICICI Lombard, ICICI Prudential, Lakshmi Vilas Bank, ICICI Securities, HDFC Securities, Bajaj Capital, Deutsche Bank, ING Life and many more

22. If I am not able to clear test or interview will I be able to apply again?

One can apply only once in an admission session.

23. When are the results declared for the exam?

The results will be declared post completion of test and personal interview.