Dear Readers Now as the interview dates of RRB All Grades and IBPS PO are scheduled we bring to you very common banking interview questions with out set No 12 on the given subject. We will be updating material and Videos on a regular basis to help maximum number of candidates to cherish their dreams.
try Usually the time interval for interview for RRb exams and IBPS PO lies between 7-9 minutes and more depending on the interest you are generating.
Questions
What are negotiable instruments? Answer :: Sir, Cheques, demand drafts, banker cheques are negotiable instruments. They are used for payments to other people and also for withdrawing cash from the banks.
Can Cash payment can be done for Demand Drafts? Answer:: Sir demand drafts cannot be cashed. They can be deposited directly to the beneficiary account.
What is the difference between a demand draft and NEFT? Answer:: Sir demand draft is a negotiable instrument where as NEFT is a payment delivery system. Drafts are issued to the customer and then deposited in beneficiary account, but sir in case of neft the funds are transferred to bank account of the beneficiary within few hours.
If you have to transfer funds between two accounts of the same bank, will you use NEFT? Answer:: No sir there is no need of NEFT in this case. NEFT are used for interbank transactions. For transferring funds between two accounts in the same bank we can use direct account transfer.
What are SMA Accounts. Answer:: Sir SMA accounts stands for Special Mention Accounts. With a focus to reduce NPA RBI introduced SMA as early signs of a loan getting NPA. SMA has 3 categories sir SMA-0 – Principal or interest payment not overdue for more than 30 days but account showing signs of incipient stress SMA-1 – Principal or interest payment overdue for 31-60 days SMA-2 – Principal or interest payment overdue for 61-90 days
What is KYC? Answer:: Sir, Sir KYC is Know your customer. Sir RBI after implementation of Money laundering Act, introduced certain measures so that you know your customer. Now if any customer comes to branch to open the account he need to give his address and Name proof. RBI has classified a certain set of documents which need to be presented in the bank to open an account. These documents include aadhaar card, Voter ID, Driving License, Pan Card etc.
What is direct benefit transfer? Answer:: Sir direct benefit transfer is the government scheme to provide subsidies and other help to people directly to their banks accounts. This has helped the government to save thousands of rupees of subsidy. The duplication of subsidy has been reduced. For e.g. in the LPG subsidy where subscribers were asked to submit their bank accounts with respective dealer and attach their aadhaar cards to their banks accounts. Government has blocked subsidy of many accounts who were claiming multiple subsidies of the same. Also the payment of other government schemes is being made to the consumer directly via bank account.
