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HDFC Bank Internal Auditor Interview Questions and Answers

Updated 12 Nov 2024

HDFC Bank Internal Auditor Interview Experiences

3 interviews found

Interview experience
4
Good
Difficulty level
Easy
Process Duration
-
Result
Not Selected

I applied via Naukri.com and was interviewed in Oct 2024. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. Golden rule of accounting
  • Ans. 

    The golden rule of accounting states that debit what comes in and credit what goes out.

    • Debit what comes in and credit what goes out

    • Helps maintain the balance in accounting records

    • Used to ensure accuracy in financial transactions

  • Answered by AI
  • Q2. Explain requirements of LFAR
  • Ans. 

    LFAR stands for Long Form Audit Report, which is a detailed report prepared by auditors to provide a comprehensive analysis of a company's financial statements and internal controls.

    • LFAR is a regulatory requirement for banks and financial institutions in India, mandated by the Reserve Bank of India (RBI).

    • It includes detailed information on the financial position of the company, compliance with regulatory requirements, ...

  • Answered by AI
Interview experience
1
Bad
Difficulty level
Easy
Process Duration
2-4 weeks
Result
No response

I applied via Approached by Company and was interviewed in Sep 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Tell me something about yourself
  • Q2. About the family background

Interview Preparation Tips

Interview preparation tips for other job seekers - I had appeared for the interview.. Awful Experience.. Interview started 15mins late.. Interviewer was very very rude and impatient..and had very little idea about the original process of Audit..very questionable process..The interview happened on WhatsApp which is very surprising

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Q4. what are the key risk areas and give an explain ?
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I applied via Approached by Company and was interviewed in Jan 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Group Discussion 

Banking process and Kyc And AML knowledge

Round 3 - One-on-one 

(1 Question)

  • Q1. Self Introduction and personal thing with St management

Interview Preparation Tips

Interview preparation tips for other job seekers - Be strong and confident
If u don’t know the answer just say u don’t know

Interview questions from similar companies

I applied via Recruitment Consultant and was interviewed in Mar 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. About process

Interview Preparation Tips

Interview preparation tips for other job seekers - What ever u know abt banking and process be confident and communicate.
It took 10-15 mins . Quest was related to branch banking process.

I applied via Naukri.com

Interview Questionnaire 

1 Question

  • Q1. Questions are related to Team handling and process oriented

Interview Preparation Tips

Interview preparation tips for other job seekers - It was really a good one, answer precisely to the questions asked. Be yourself and say whatever you to do in your current role.

I applied via Referral and was interviewed in Aug 2021. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. About working capital products and process of work flow

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident of the and explain the product and process which you know

I applied via Recruitment Consultant and was interviewed before Sep 2020. There were 3 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. How would you pitch investment to a senior citizen keeping in mind they are more inclied towards FD ?
  • Ans. 

    Highlight the benefits of investing in stocks and mutual funds over FDs for senior citizens.

    • Explain how inflation can erode the value of their savings in FDs over time

    • Emphasize the potential for higher returns in the long run with stocks and mutual funds

    • Highlight the tax benefits of investing in equity-linked savings schemes (ELSS)

    • Assure them that investing in stocks and mutual funds can be done safely with proper rese...

  • Answered by AI
  • Q2. Which funds do you recommend for long term Investment in mutual funds and how should one get a regular pay out of it if the funds are in Growth?
  • Ans. 

    For long-term investment in mutual funds, recommended funds are diversified equity funds and balanced funds. To get regular payouts from growth funds, one can opt for systematic withdrawal plans (SWP).

    • Recommended funds for long-term investment: diversified equity funds and balanced funds

    • Diversified equity funds provide exposure to a wide range of stocks, offering potential for higher returns

    • Balanced funds invest in a m...

  • Answered by AI
  • Q3. What is the market capture of Mutual Funds in India?
  • Ans. 

    Mutual Funds in India have captured around 14% of the total assets under management in the financial market.

    • Mutual Funds in India have grown significantly in the past decade.

    • As of March 2021, the total assets under management (AUM) of the mutual fund industry in India stood at INR 32.17 trillion (USD 430 billion).

    • This is around 14% of the total assets under management in the financial market.

    • The market capture of mutua...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Always be prepare with the names of Fund Managers and their existing share in the fund they handle. Keep a sharp look on current market scenario and be updated about the competition banks offerings.

I applied via Recruitment Consulltant and was interviewed before Jun 2021. There was 1 interview round.

Round 1 - Boss 

(2 Questions)

  • Q1. Sales experience about Clients
  • Q2. Knowledge for the subject

Interview Preparation Tips

Interview preparation tips for other job seekers - Multitasking abilities with Sales and Operations management. Team Player

I applied via Recruitment Consultant and was interviewed before Oct 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. About your past work experience

Interview Preparation Tips

Interview preparation tips for other job seekers - If you are ready to work in pure retail banking culture, then join. Otherwise look for better.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. Basic background check for relevant experience
Round 3 - Line manger round 

(1 Question)

  • Q1. Tell me about ur self Ur past experiences Why jana bank What u know about jana bank

HDFC Bank Interview FAQs

How many rounds are there in HDFC Bank Internal Auditor interview?
HDFC Bank interview process usually has 2 rounds. The most common rounds in the HDFC Bank interview process are Resume Shortlist, One-on-one Round and Technical.
How to prepare for HDFC Bank Internal Auditor interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at HDFC Bank. The most common topics and skills that interviewers at HDFC Bank expect are Internal Audit, Auditing, Accounting, Agri Finance and Bank Audit.
What are the top questions asked in HDFC Bank Internal Auditor interview?

Some of the top questions asked at the HDFC Bank Internal Auditor interview -

  1. Explain requirements of L...read more
  2. Golden rule of account...read more

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HDFC Bank Internal Auditor Interview Process

based on 4 interviews

Interview experience

2.5
  
Poor
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HDFC Bank Internal Auditor Salary
based on 239 salaries
₹2 L/yr - ₹11.3 L/yr
27% more than the average Internal Auditor Salary in India
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HDFC Bank Internal Auditor Reviews and Ratings

based on 45 reviews

3.7/5

Rating in categories

3.5

Skill development

3.0

Work-life balance

3.0

Salary

4.2

Job security

3.4

Company culture

2.7

Promotions

3.2

Work satisfaction

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