BANK INTERVIEW QUESTIONS AND ANSWERS






Why do you want to make a career in the banking sector?

This question is common in bank interviews as the answer helps the interviewer understand your reasons behind the choice of career.

Talking points can include the importance of the banking sector, its influence and growth trends.

Avoid sharing personal reasons like salary, reputation, perks, etc., and answer with reasons and factual opinions.

Sample Answer:

The banking industry is lucrative and plays an important role in our economy. It offers challenging roles and opportunities to develop skills and knowledge.

The dynamic nature of the industry and its relevance in the economic scenario is why I want to pursue a career in the banking sector.

Can you elaborate on the types of bank accounts?

Various bank accounts meet different objectives to fulfill the need of the account holder. The 5 most commonly used bank accounts to save or invest money are:

Savings Account- It is a commonly used deposit account that allows the account holders to save and withdraw money while earning monetary interests.

Current Account- Meant for daily transactions, the current account is a type of deposit account that allows the users to make multiple transactions regularly and withdraw money as many times as required.

Fixed Deposits-Fixed deposits are used for long term savings. It entitles the investors to the interest earned on deposits, given the money is not withdrawn for a fixed period. The rate of interest for a fixed deposit is higher than the savings account and may vary from 4 %-7.5%.

 


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