AU Small Finance Bank Senior Executive Interview Questions and Answers

Clean Note Policy is a policy by RBI to ensure circulation of clean and hygienic currency notes.

• RBI ensures that all currency notes in circulation are clean and free from any kind of contamination.

• Banks are required to sort and replace soiled and torn notes with new ones.

• RBI also conducts regular inspections of bank branches to ensure compliance with the policy.

• The policy aims to maintain the quality of currency notes ...read more

Soiled/mutilated note is a damaged currency note that is no longer fit for circulation.

• Soiled notes are currency notes that are torn, stained, or have missing parts.

• Mutilated notes are currency notes that are damaged to the extent that their authenticity cannot be determined.

• These notes are no longer accepted as legal tender and need to be exchanged for new notes at designated bank branches.

• Examples of damage include f...read more

Locker operations involve a process of secure storage and retrieval of personal belongings.

• Customers are assigned a locker and given a unique key or code to access it.

• The locker is secured with a lock or electronic system.

• Customers can deposit or withdraw items as needed.

• The locker area is monitored for security purposes.

• Regular maintenance and cleaning of lockers is necessary.

• Examples include gym lockers, airport lugg