HDFC Bank Accounts Executive and Cashier Interview Questions and Answers

I am a detail-oriented and organized individual with experience in accounting and cash handling.

• I have a degree in accounting and have worked as an accounts executive for 3 years.

• I am proficient in using accounting software such as QuickBooks and Excel.

• I have experience in handling cash transactions and reconciling cash registers.

• I am a team player and have excellent communication skills.

• I am always willing to learn an...read more

I am passionate about finance and banking, and I believe that the banking sector offers a challenging and rewarding career.

• I have a strong interest in finance and banking

• I am excited about the opportunity to work in a dynamic and fast-paced environment

• I believe that the banking sector offers a challenging and rewarding career

• I am eager to learn and grow in my career

• I am confident that my skills and experience make me a...read more

Types of accounts in a bank include savings, current, fixed deposit, recurring deposit, and NRI accounts.

• Savings account: for individuals to save money and earn interest

• Current account: for businesses to carry out transactions

• Fixed deposit account: for individuals to deposit a lump sum for a fixed period of time and earn higher interest

• Recurring deposit account: for individuals to deposit a fixed amount of money every ...read more

To open a bank account, a person requires necessary documents such as ID proof, address proof, and passport size photographs.

• ID proof such as Aadhaar card, PAN card, Voter ID card, or Passport

• Address proof such as Aadhaar card, Voter ID card, Passport, or utility bills

• Passport size photographs

• In case of a joint account, the documents of all the account holders are required

The 3 types of commercial banks are retail or consumer banks, corporate or business banks, and investment banks.

• Retail or consumer banks cater to individual customers and provide services like savings accounts, loans, and credit cards.

• Corporate or business banks serve the financial needs of businesses and corporations, offering services like commercial loans, cash management, and trade finance.

• Investment banks speciali...read more

Loan grading is a process of evaluating the creditworthiness of a borrower and assigning a risk rating to the loan.

• Loan grading helps lenders to assess the risk associated with a loan and make informed decisions.

• It involves analyzing various factors such as the borrower's credit history, financial statements, collateral, and industry trends.

• The grading system typically ranges from A to D, with A being the lowest risk a...read more

Line of credit is a flexible borrowing arrangement between a borrower and a lender.

• It is a pre-approved loan amount that can be borrowed as needed.

• Interest is only charged on the amount borrowed, not the entire credit limit.

• It is often used by businesses to manage cash flow or for short-term financing.

• Examples include credit cards, home equity lines of credit, and business lines of credit.

Banks earn profit through various means such as interest on loans, fees, and investments.

• Interest on loans and credit cards

• Fees for services such as ATM usage, overdrafts, and wire transfers

• Investments in stocks, bonds, and other financial instruments

• Charging higher interest rates on loans than they pay on deposits

• Foreign exchange transactions

• Mortgage banking

• Credit card interchange fees

• Merchant services

• Wealth managemen...read more

Card based payment is a method of making transactions using debit or credit cards.

• Card based payment involves the use of debit or credit cards to make transactions.

• The card is swiped or inserted into a card reader and the payment is processed.

• Card based payments are widely used in retail stores, online shopping, and for bill payments.

• Examples of card based payment systems include Visa, Mastercard, and American Express.

There are mainly two types of fixed deposit - cumulative and non-cumulative.

• Cumulative fixed deposit - interest is compounded annually and paid at maturity

• Non-cumulative fixed deposit - interest is paid at regular intervals (monthly, quarterly, half-yearly, or annually)

• Tax-saving fixed deposit - offers tax benefits under Section 80C of the Income Tax Act

• Senior citizen fixed deposit - offers higher interest rates to sen...read more

A home equity loan is a type of loan where a borrower uses the equity in their home as collateral.

• Home equity loans allow homeowners to borrow money using the equity in their home as collateral.

• The loan amount is typically based on the difference between the home's current market value and the outstanding mortgage balance.

• Interest rates on home equity loans are usually lower than other types of loans because they are s...read more

Interbank deposit is a transaction where one bank deposits funds into another bank's account.

• Interbank deposit is a common practice among banks to manage their liquidity.

• It helps banks to earn interest on their excess funds.

• Banks can also borrow from other banks through interbank deposits.

• Interbank deposits are usually short-term and can be withdrawn on demand.

• For example, Bank A deposits $10 million into Bank B's acco...read more

Non performing assets are those assets which are not generating income or are not able to recover their cost.

• Non performing assets are also known as bad assets or non performing loans.

• These assets can include loans, investments, or properties.

• Examples of non performing assets include defaulted loans, foreclosed properties, and non performing stocks.

• Non performing assets can have a negative impact on a company's financi...read more