Diploma in Banking and Insurance

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Duration

1 Years

Level

Diploma After 10+2

Type

Diploma

Eligibility

10+2

Diploma in Banking and Insurance is a Banking Diploma course. Banking, that is engaged in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit, etc. Second, Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. The time period of Diploma in Banking and Insurance is ranging from one academic year to three but it varies from institute to institute. The minimum time to complete the course is also differentiating from institute to institute. The course may also be available on a part-time basis in certain institutes. The course is important that provides many career scopes for the candidates after its completion.

Diploma in Banking and Insurance Eligibility

  • Aspiring candidates should have completed 10+2 or its equivalent exam from recognized school board.

Diploma in Banking and Insurance Syllabus

Syllabus of Banking and Insurance as prescribed by various Universities and Colleges.

 Sr. No.

Subjects of Study

Paper I: Principles & Practices of Banking

 1

Indian Financial System

 

Functions of banks-
Deposits, Credit, Agriculture, SMEs, SHGs, SSI and Tiny Sector financing

 1

Banking Technology

 2

Support Services - Marketing of Banking Services Products

 Paper II: Accounting & Finance for Bankers

 1

Basics of Business Mathematics

 2

Accounting in Banks/Branches

 3

Bank Accounting and Balance Sheet

 4

Other Accounts

 

Computerized Accounting

 Paper III: Legal & Regulatory Aspects of Banking

 1

Regulations and Compliance

 2

Legal aspects of banking operations

 3

Banking Related Laws

 4

Commercial Laws with reference to banking operations

 

Diploma in Banking and Insurance Colleges

Diploma in Banking and Insurance Course Suitability

  • The course is suitable for those who are willing to go for teaching fields at higher degree level. 
  • They should have the necessary skills such as basic knowledge of the industry, good communication skills both written and verbal, interpersonal skills, leadership qualities, capacity to motivate team members, ability to deal with customers, ability to use computers and related technology and alert nature. 
  • They also possess a mathematical aptitude, logical and analytical mind, diplomacy, sincerity and knowledge of the banking system. 
  • Candidates should also have good decision making power like considering the relative costs and benefits of potential actions to choose the most appropriate one.

How is Diploma in Banking and Insurance Course Beneficial?

  • There are lots of career options in this field. Applicants with this degree/diploma are mainly employed in banks. 
  • It is also beneficial such as many international banks hire skilled professionals for various profiles on competitive salaries.
  • Public sector banks hire mostly graduates for clerical and probationary officer posts on the basis of All India Level examination. 
  • Once you complete a selective professional course in banking, you can find a position as a banking sales officer with the private banks. 
  • Candidates have a good option for a higher degree program in respective subjects, e.g. Bachelors’s degree, etc. and then for a Master's Degree and further research work.

Diploma in Banking & Insurance Employment Areas

  • Retail Insurance
  • Banking & Insurance
  • Private Banking
  • Education & Teaching

Diploma in Banking and Insurance Job Types

  • Retail Insurance Head
  • Assistant Manager
  • Customer Service Manager
  • Insurance Associate
  • Private Banking
  • Insurance Acquisition Manager
  • Sales Manager
  • Relationship Manager
  • Sales Executive
  • Team Member, Collateral/Insurance Specialist