Bajaj Finserv Senior Technical Specialist Interview Questions and Answers

Transaction monitoring is the process of reviewing and analyzing transactions to detect suspicious activity or compliance violations.

• Monitoring financial transactions for signs of money laundering or fraud

• Identifying unusual patterns or behaviors in transactions

• Ensuring compliance with regulations and policies

• Using software tools to automate the monitoring process

• Taking action on flagged transactions, such as investiga

SAR stands for Suspicious Activity Report. Outgoing wires refer to electronic transfers of funds from one account to another.

• SAR is a report filed by financial institutions to report suspicious activities that may indicate money laundering or other illegal activities.

• Outgoing wires are electronic transfers of funds initiated by a customer to send money to another account.

• Financial institutions monitor outgoing wires to...read more

401k is a retirement savings plan sponsored by an employer where employees can contribute a portion of their salary on a tax-deferred basis.

• 401k is a type of retirement savings plan

• Employees can contribute a portion of their salary on a tax-deferred basis

• Employers may match a percentage of the employee's contributions

A 403b is a retirement savings plan for employees of certain non-profit organizations, public schools, and other tax-exempt organizations.

• 403b plans are similar to 401k plans but are specifically for employees of non-profit organizations and public schools.

• Employees can contribute a portion of their salary to their 403b plan on a pre-tax basis.

• Employers may also make contributions to the employee's 403b plan.

• Withdrawal...read more

A 401k is a retirement savings plan sponsored by an employer that allows employees to save and invest a portion of their paycheck before taxes.

• 401k contributions are typically invested in a variety of mutual funds or other investment options

• Employers may match a portion of the employee's contributions

• Withdrawals from a 401k are typically taxed as ordinary income and may incur penalties if taken before retirement age