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JAIIB AFM Syllabus 2026: Module-wise Breakdown + What Changed This Year

By Swarnakshi Jha (ex-banker) · 22 August 2026 · JAIIB Nov-2026 cycle

AFM — Accounting & Financial Management for Bankers — is the paper bankers fear most, because it is the most numerical of the four. Here is the module-wise map for the November 2026 cycle, where the marks concentrate, and what changed this year.

The four AFM modules

Module	What it covers
Module A — Basic Accounting & Finance	Accounting principles and standards, journal/ledger mechanics, bank reconciliation, depreciation, and the time value of money — the foundation everything else builds on.
Module B — Preparation of Financial Statements	Final accounts, balance sheets and P&L of banking companies, cash-flow and funds-flow statements, and ratio analysis.
Module C — Financial Management	Capital budgeting (NPV, IRR, payback), cost of capital, capital structure, working-capital management, EMI and loan calculations.
Module D — Cost Management, Accounting & Taxation	Costing methods, marginal costing and break-even, standard costing — plus the taxation portion: GST and capital-gains tax, which is where this year's drift lives.

Where the marks concentrate

In our question bank of nearly 10,000 MCQs, the heaviest-tested AFM areas are consistently: time value of money and EMI arithmetic (Module A/C), ratio analysis (Module B), NPV/IRR decisions (Module C), and break-even numericals (Module D). These are learnable, mechanical marks — exactly the kind a working banker should bank first.

What changed for 2026 — update your notes

GST 2.0 (w.e.f. 22 September 2025): the slab structure is now 0 / 5 / 18 / 40% — the old 0 / 5 / 12 / 18 / 28% structure printed in most notes is gone. Full breakdown: GST slabs for JAIIB 2026.
Equity LTCG (w.e.f. 23 July 2024): long-term capital gains on listed equity are taxed at 12.5% above ₹1.25 lakh — older notes still print 10% above ₹1 lakh.

An AFM answer that was correct in 2024 can be wrong in 2026. When you practise from older question banks, check every tax figure against the current law before trusting the answer key.

How to prepare AFM as a working banker

Do Module A properly first — TVM confusion is the root cause of most Module C failure.
Practise numericals daily in small doses (5–8 questions) rather than weekend marathons; speed on the calculator is a trained reflex.
From September, one AFM mock a week in exam simulation mode with a timer — accuracy without time pressure is an illusion.
Keep one sheet of every drift-prone figure (GST slabs, LTCG, depreciation rates) and re-read it the morning of the paper — 28 November 2026.

📚 Preparing for JAIIB Nov-2026? All 25 of our books are audited line-by-line against the July-2026 rulebook — every drift like this one is flagged with both positions. PDF Study Pack · All-Access Bundle · Mock Centre · free 10-question test · 86 free sample pages.

Independent study aid — not affiliated with, endorsed by, or sponsored by IIBF. Exam pattern, dates and passing criteria are set by IIBF — always confirm current rules at iibf.org.in. Regulatory figures verified as of July 2026; verify from official sources (rbi.org.in) before relying on them in practice.