how to prepare banking awareness for ibps clerk

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Banking Awareness plays a crucial role in the IBPS Clerk Mains exam, as it is part of the General/Financial Awareness section. This section is highly scoring and does not require lengthy calculations, making it a game-changer for improving the overall score if prepared well.

Begin with understanding basic banking concepts such as types of bank accounts, cheques, NEFT/RTGS, demand drafts, and different financial instruments. Move on to important terms like repo rate, reverse repo, CRR, SLR, inflation, and fiscal deficit, as these are commonly asked.

Stay updated with the latest banking and financial news. Focus on RBI monetary policy updates, changes in bank rates, mergers of banks, financial inclusion schemes, digital banking initiatives, and government economic reforms. Reading newspapers daily and following monthly banking current affairs PDFs are helpful for staying updated.

Static banking awareness, such as headquarters of banks, their taglines, and important committees, should also be revised as direct questions are often asked. Maintain concise notes of important points for quick revision before the exam.

Practice banking awareness quizzes daily to strengthen recall ability and test knowledge retention. Dedicate at least 30–45 minutes daily to this section in the last two months before the exam. Since banking awareness questions can be attempted in seconds if prepared well, scoring high in this section can significantly boost the overall Mains score.