JAIIB Accounting & Financial Management for Bankers: Syllabus, Units and Free MCQs (2026)
By Swarnakshi Jha (ex-banker) · Updated 20 September 2026
Accounting & Financial Management for Bankers (AFM) is the most numerical of the four papers — accounting mechanics, final accounts, ratio analysis, time value of money, capital budgeting, costing and taxation. Below is the complete unit map of the IIBF syllabus, and for every unit a free page with the key facts, five solved questions and the traps — drawn from the 1,681 questions on this paper in our Mock Centre.
Paper 3 · 28 November 2026~100 MCQs · 100 marks · 2 hoursNo negative marking35 units · 1,681 solved MCQs
Not sure how ready you are for AFM?Take the free 10-question test (real exam interface, instant explanations) — if AFM is your weak paper it recommends the single-subject pass instead of the full bundle.
Read the unit, then test it the same day. Each unit page above ends in five questions; the demo and the Mock Centre continue with the rest. A unit counts as "done" only when your accuracy on it holds up a week later — that is what Smart Revision checks.
Mock first from September. One AFM mock a week in exam-simulation mode, then review every wrong answer against the unit it came from. Time pressure is the thing books cannot teach.
Keep one sheet of drift-prone figures. 4 units in this paper carry rule changes since the textbook; each unit page shows the textbook figure and the current one side by side. Re-read the sheet the morning of 28 November 2026.
Use the calendar. AFM falls on 28 November, six days after PPB and the day before RBWM — numericals must be reflexes by then, not something to revise.
Units where the answer changed since the textbook
Unit 17 — Final Accounts of Banking Companies: RBI's Master Direction on Classification, Valuation and Operation of Investment Portfolio (12 September 2023, effective 1 April 2024) removed the flat…
Unit 19 — Financial Management - An Overview: Since the Hindu Succession (Amendment) Act 2005 (and the 2016 Delhi High Court ruling) the senior-most coparcener — a daughter included — can be karta…
Unit 29 — Taxation - Income Tax, TDS, Deferred Tax: The Income-tax Act 2025 replaced the 1961 Act with effect from 1 April 2026 (tax year 2026-27 onwards); the textbook, and papers set on it, still cite…
Unit 30 — Goods and Services Tax: From 22 September 2025 (GST 2.0) individual life and health insurance premiums are EXEMPT from GST — but an exempt supply is still inside the GST law;…
Study options for this paper
AFM Online-only pass — ₹1,299All 1,681 AFM questions with explanations, full and module mocks, Animated PPTs, Smart Revision, Readiness Score; 1-year login. Details ·
AFM PDF + Online — ₹1,799The subject's audited notes, mocks and rapid-revision books as PDFs plus the online pass above. Details ·
The IIBF syllabus for Accounting & Financial Management for Bankers runs to 35 units across 4 modules (Module A — Basic Accounting and Finance; Module B — Preparation of Financial Statements; Module C — Financial Management; Module D — Cost Management Accounting and Taxation). Our Mock Centre carries 1,681 solved questions across those 35 units, and this page links to a free set of five for each.
When is the JAIIB AFM paper in the November 2026 cycle?
Accounting & Financial Management for Bankers is Paper 3 of the November 2026 cycle, on 28 November 2026 (IIBF's published date). Like every JAIIB paper it is online, about 100 multiple-choice questions for 100 marks in 2 hours, with no negative marking. The passing mark is 50 in the subject (or 45 with a 50% aggregate across all four papers in one attempt).
Which AFM units have changed because of new law or RBI rules?
Since the textbook was printed, rules behind questions in 4 units have changed; on those unit pages the affected questions carry a "Law update, September 2026" line giving both the textbook answer and the current position (e.g. Unit 17 — Final Accounts of Banking Companies; Unit 19 — Financial Management - An Overview; Unit 29 — Taxation - Income Tax, TDS, Deferred Tax). The exam still follows the textbook unless a question says "currently" — our unit pages show which is which.
Independent study aid — not affiliated with, endorsed by, or sponsored by the Indian Institute of Banking & Finance (IIBF). Exam pattern, dates, fees and passing criteria are set by IIBF — always confirm the current rules at iibf.org.in. Regulatory figures verified as of September 2026; verify from official sources before relying on them in practice.
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