Indian Institute of Banking & Finance (IIBF)
Recognised as an Awarding Body (Dual)
by
National Council for Vocational Education and Training (NCVET)
Under
Ministry of Skill Development and Entrepreneurship, Govt. of India
MOU signing ceremony at NCVET headquarters, Kaushal Bhavan, New
Delhi, Dated: 21st May 2025
About the Collaboration between IIBF & NCVET
The National Council for Vocational Education and Training (NCVET) under
Ministry of Skill Development and Entrepreneurship (MSDE), Government of India is a
regulatory body that sets standards and develops regulations for vocational education,
training, and skilling in India. IIBF has been recognized by NCVET as an Awarding Body Dual
(AB-Dual) in terms of the order dated 30th May 2025. Accordingly, one 4-credit
qualification, “Fundamentals of Retail Banking” at NCrF level 4.5 has been designed to
enhance vocational competencies in the retail banking sector.
This initiative aligns with the objectives of the National Education Policy
(NEP) 2020 and supports the broader mission of skill development across the financial
services industry by providing skill education to the graduate/postgraduate students and
converting them as highly trained and talented workforce.
Name of the Course:"Fundamentals of Retail Banking"
About the Course
The National Education Policy (NEP) 2020 has introduced essential reforms in the Indian
education system, particularly emphasizing skill-based learning for undergraduate students
and post graduate students. To align with this requirement, the Indian Institute of Banking
& Finance (IIBF) has developed a specialized course titled as ‘Fundamentals of Retail
Banking’. The primary objective of this course is to equip learners with the requisite
skills and knowledge necessary for proficient performance in various job roles within the
retail banking sector which includes positions such as Relationship Managers, Customer
Service Executives, Front Desk Managers, Retail Banking Loan Officers, Retail Banking
Product Managers, Credit Officers, Credit Appraising Officers, and Customer Service
Assistants, among others. By the end of the course, participants will be prepared to
effectively engage with clients and manage relationships within banks and financial
institutions, thereby enhancing their operational competencies in the retail banking
landscape.
Credit: 4
Notional Hours: 120 hours
48 hours of self-paced e-learning content accessible to all registered candidates.
72 hours of online live training.
Eligibility:
1. Passed 12th grade and 1.5 Years of experience in BFSI sector,
Or
2. Pursuing Graduation in any discipline,
Or
3. Completed Graduation in any discipline,
Or
4. Pursuing Post Graduation in any discipline.
Fee Structure
| Category |
Fee |
What's Included |
| Initial Enrolment/Registration |
₹3000 |
- Includes access to LMS.
- 72 hours of virtual training by Industry Experts
- 1st attempt Examination fees.
|
| Re-registration for Training
(for those who did not attend requisite
number of training hours in initial registration cycle)
|
₹1400 |
- Access to LMS
- 72 hours of virtual training
Note:
- Candidate need not to pay examination fees for appearing for the
examination upon successful completion of training.
- The chance to re-register for training will be available only
for the immediate next cycle.
|
| Re-registration for examination (for those who attended requisite number
of training hours but did not appear for the exam or did not pass the
exam) |
₹500 |
- Examination fees
Note:
- No access to LMS
- No 72 hours of virtual training as they already have attended
training earlier
- The chance to re-register for examination will be available for
the immediate next five cycles
|
