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Why SJA · the accuracy audit

The exam tests current law.
Here is everything we audit for.

JAIIB is written against the law as it stands — but most study material in circulation was printed years ago. This page is our full accuracy audit: every tracked drift, how the audit works, and what we promise when we get something wrong.

The drift table — textbook position vs current law

TopicTextbook saysCurrent lawSincePrimary source
GST slabs (AFM)0/5/12/18/28%0/5/18/40% — GST 2.022-9-202556th GST Council recommendations (3 Sep 2025); CBIC Notification 9/2025-Central Tax (Rate), 17 Sep 2025 — new rate schedule w.e.f. 22 Sep 2025
Bank nomination (PPB)1 nominee per depositUp to 4 nominees1-11-2025Banking Laws (Amendment) Act 2025, ss. 10–13; commencement notification and PIB release of 23 Oct 2025 — up to four nominees, w.e.f. 1 Nov 2025
Beneficial owner (PPB/KYC)25% company · 15% firm>10% for all entities2023PML (Maintenance of Records) Amendment Rules 2023 — beneficial-owner threshold cut to 10% (companies, partnerships), notified 7 Mar 2023; carried into the RBI KYC Directions (amendment of 4 Jan 2024; consolidated in the 2025 Directions linked here)
SFB priority sector (PPB)75% of ANBC60% of ANBCJune 2025RBI circular RBI/2025-26/61 “Small Finance Banks – Priority Sector Lending” dated 20 Jun 2025 (amending the RBI PSL Directions 2025, linked) — overall target 60% of ANBC from FY 2025-26
MSME classification (PPB/IE&IFS)Micro ₹1 cr · Medium ₹50 crMicro ₹2.5 cr · Medium ₹125 cr1-4-2025Ministry of MSME Notification S.O. 1364(E) dated 21 Mar 2025 — revised investment/turnover limits w.e.f. 1 Apr 2025
Equity LTCG (AFM)10% above ₹1 lakh12.5% above ₹1.25 lakh23-7-2024Finance (No. 2) Act 2024 — section 112A amended: 12.5% on LTCG above ₹1.25 lakh for transfers on/after 23 Jul 2024
GDP base year (IE&IFS)2011-122022-23Feb 2026MoSPI press release, Feb 2026 — new series of National Accounts with base year 2022-23 (replacing 2011-12)
ATM charge (PPB)₹21₹23 per transaction1-5-2025RBI circular on ATM customer charges (DPSS), 28 Mar 2025 — cap raised from ₹21 to ₹23 per transaction beyond the free limit, w.e.f. 1 May 2025 (shown as the 28-3-2025 update on the linked notification page)

…plus KCC, MUDRA, deposit-insurance details and more — 15+ drifts tracked across the series, each flagged inline where the topic appears, with both positions stated so you can answer either way the examiner frames the question. Full write-ups on the blog.

How the audit works

1 · Line-by-line verification. Every unit of all 25 books is checked against the IIBF texts and then against RBI, Government of India and statutory norms current as of July 2026 — not against other coaching material.
2 · The Numbers Bank. Every drift-prone figure — rates, limits, thresholds, dates — is pulled into one audited list per subject, re-verified each revision, and printed in the Rapid Revision booklets.
3 · Balanced answer keys. Keys across the mock books are programmatically balanced to ≈25% per letter, so "when in doubt, mark B" earns nothing here — the way a real exam behaves.
4 · Corrigenda culture. Every book prints a law-updates page and an errata contact. Report an error with the book name and page number: we verify it, fix it in the next revision, and email PDF buyers the correction for this cycle. That promise is on the copyright page of all 25 books.

Who's behind it

Swarnakshi JhaBuilt by Swarnakshi Jha, the ex-banker behind @lifeasithink_ (43.2K+ followers, 10.8M+ views in 90 days) — because the material we studied from was outdated, biased toward option (b), and never admitted an error. SJA Learning is a registered, GST-compliant business (GSTIN 22ARXPJ0349R1Z3, Raipur). Seven years as an Assistant Manager in a public sector bank · US CMA Part 2 cleared · Director, Uday Auto Parts Pvt Ltd. Meet Swarnakshi →

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Primary references: the official IIBF JAIIB Rules & Syllabus 2026 (PDF) for syllabus and exam rules · the document named in the “Primary source” column for every regulatory figure above (Gazette notification, Act, RBI circular or Master Direction). The “Since” column is the effective date; the source column names the publication date. Claims last verified July 2026, re-checked 6 September 2026; the running list of changes since July is in the Law Update Sheet (Sep 2026).

Independent study aid — not affiliated with, endorsed by, or sponsored by IIBF. Regulatory information may change after publication — verify from official sources (rbi.org.in · iibf.org.in) before relying on it in practice.