HDB Financial Services Business Development Executive Interview Questions, Process, and Tips

Credit cards allow you to borrow money while debit cards use your own funds.

• Credit cards charge interest on unpaid balances while debit cards do not.

• Credit cards offer rewards and cashback programs while debit cards do not.

• Credit cards have a credit limit while debit cards have a spending limit based on available funds.

• Credit cards can help build credit history while debit cards do not affect credit scores.

• Examples of ...read more

Current accounts are for businesses while savings accounts are for individuals. Savings accounts offer interest while current accounts do not.

• Current accounts are designed for businesses to manage their day-to-day transactions.

• Savings accounts are meant for individuals to save money and earn interest on their savings.

• Savings accounts usually have a limit on the number of withdrawals per month while current accounts do ...read more

Forex card is a prepaid card used for international transactions in foreign currency.

• Forex card can be loaded with multiple currencies

• It is a convenient and safe way to carry money while traveling abroad

• Forex card offers better exchange rates compared to cash or traveler's cheques

• It can be used for online transactions and cash withdrawals at ATMs

• Examples of forex cards are HDFC Bank ForexPlus Card, ICICI Bank Travel Ca

Secured loans are backed by collateral while unsecured loans are not.

• Secured loans require collateral such as a house or car to be put up as security

• Unsecured loans do not require collateral but may have higher interest rates

• Examples of secured loans include mortgages and auto loans

• Examples of unsecured loans include credit cards and personal loans

The permission for building the 2nd floor at panchayat is granted by the local panchayat authority.

• The local panchayat authority is responsible for granting permission for construction in their jurisdiction.

• The applicant needs to submit the necessary documents and pay the required fees to obtain the permission.

• The authority may conduct a site inspection to ensure that the construction adheres to the local building code...read more

Before disbursement, certain things need to be verified.

• Verification of all necessary documents

• Confirmation of eligibility criteria

• Assessment of creditworthiness

• Validation of collateral

• Compliance with legal and regulatory requirements