BASIC BANKING INTERVIEW QUESTIONS
1. Why do you want to enter banking?
Ans :- Banking is one of the fastest growing sectors in India with more stable and high growth and more over providing wide range of career opportunities for graduates. So I want to take an opportunity to join in a bank.
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2. What is the difference between Cheque and Demand Draft?
Ans :- Both are used for transfer the amount b/w two accounts of same or different Bank.Cheque is written by an individual and
withdrawn from the account whereas Demand draft is issued by a
bank where you have to pay before issuing.
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3.What are NBFCs and difference between NBFCs and Bank?
Ans :- Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking license. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. These institutions are not allowed to take deposits from the public.
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4. What is Private Banking?
Ans :- Banking services offered to high net-worth individuals. Private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees. The term"private" refers to the customer service being rendered on a more personal basis.
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5. What is the Use of Computers in a Bank?
Ans :- Computers are used for many purposes in banks like: Computer store details of customers account information. Computers can solve billions of complex mathematical operations
in fractions of a second. Computers can be used for user authentication.Computers can be used on a network to instantly contact other branches. When you use an ATM, you are using a
networked computer terminal. It's easier to access/update
the information. An employee can also check a customer's account balance instantly. Computers help a bank save time and money, and can be used as an aid to generate profits.
1. Why do you want to enter banking?
Ans :- Banking is one of the fastest growing sectors in India with more stable and high growth and more over providing wide range of career opportunities for graduates. So I want to take an opportunity to join in a bank.
------------------------------
2. What is the difference between Cheque and Demand Draft?
Ans :- Both are used for transfer the amount b/w two accounts of same or different Bank.Cheque is written by an individual and
withdrawn from the account whereas Demand draft is issued by a
bank where you have to pay before issuing.
------------------------------
3.What are NBFCs and difference between NBFCs and Bank?
Ans :- Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking license. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. These institutions are not allowed to take deposits from the public.
------------------------------
4. What is Private Banking?
Ans :- Banking services offered to high net-worth individuals. Private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees. The term"private" refers to the customer service being rendered on a more personal basis.
------------------------------
5. What is the Use of Computers in a Bank?
Ans :- Computers are used for many purposes in banks like: Computer store details of customers account information. Computers can solve billions of complex mathematical operations
in fractions of a second. Computers can be used for user authentication.Computers can be used on a network to instantly contact other branches. When you use an ATM, you are using a
networked computer terminal. It's easier to access/update
the information. An employee can also check a customer's account balance instantly. Computers help a bank save time and money, and can be used as an aid to generate profits.
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