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Hitachi Cash Management Services

3.4
based on 377 Reviews
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10+ AVASOFT Interview Questions and Answers

Updated 5 Mar 2025

Q1. ATM EOD process & Difference between physical and switch

Ans.

ATM EOD process involves reconciling transactions and balancing cash. Physical ATM involves physical cash, while switch ATM involves electronic transactions.

  • ATM EOD process includes reconciling transactions, balancing cash, and updating records.

  • Physical ATM involves physical cash being deposited and withdrawn by customers.

  • Switch ATM involves electronic transactions being processed through a network.

  • Difference lies in the handling of physical cash vs electronic transactions.

  • Ex...read more

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Q2. How do resolve shutter tempering?

Ans.

Shutter tampering can be resolved by implementing security measures such as surveillance cameras, alarms, and tamper-proof locks.

  • Install surveillance cameras to monitor any suspicious activity around the shutter.

  • Use alarms that will alert authorities or security personnel in case of tampering.

  • Implement tamper-proof locks or security seals to prevent unauthorized access.

  • Regularly inspect the shutter for any signs of tampering or damage.

  • Train employees on security protocols and...read more

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Q3. What is RNM work?

Ans.

RNM work stands for Remote Neural Monitoring, a controversial technology that involves monitoring the brain activities of individuals remotely.

  • RNM work is a technology that allegedly allows for the remote monitoring of an individual's brain activities.

  • It is often associated with conspiracy theories and claims of government surveillance.

  • There is debate over the existence and capabilities of RNM technology, with some believing it to be a form of mind control.

  • Examples of RNM wor...read more

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Q4. Are you comfortable no fix working time table

Ans.

Yes, I am comfortable with a flexible working schedule.

  • I am adaptable and can work around changing schedules

  • I understand the importance of being available when needed

  • I am willing to work outside of regular business hours if required

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Q5. Type of EOD & difference

Ans.

End of Day (EOD) can be classified as hard EOD or soft EOD based on the strictness of the deadline and consequences for missing it.

  • Hard EOD: strict deadline, consequences for missing it

  • Soft EOD: flexible deadline, less severe consequences for missing it

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Q6. What is your knowledge of asset accounting?

Ans.

Asset accounting involves tracking and managing a company's fixed assets throughout their lifecycle.

  • Asset classification: Categorizing assets into tangible and intangible, e.g., machinery vs. patents.

  • Depreciation methods: Understanding straight-line vs. declining balance methods for asset value reduction.

  • Asset acquisition: Recording the purchase of assets, including costs like installation and transportation.

  • Asset disposal: Managing the sale or retirement of assets, ensuring ...read more

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Q7. What is TDS, and what are the applicable rates?

Ans.

TDS (Tax Deducted at Source) is a tax collected at the source of income, applicable on various payments.

  • TDS is applicable on salaries, interest payments, rent, professional fees, etc.

  • For salaries, TDS rates depend on the individual's income tax slab.

  • Interest on bank deposits attracts TDS at a rate of 10% if it exceeds ₹40,000.

  • Rent payments exceeding ₹2,40,000 per annum are subject to TDS at 10%.

  • Professional fees are generally subject to TDS at a rate of 10%.

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Q8. What is the reason for searching job

Ans.

To enhance my skills and gain new experiences in a challenging environment.

  • To learn new things and grow professionally

  • To gain experience in a new industry or field

  • To challenge myself and take on new responsibilities

  • To increase my earning potential

  • To work with a great team and company culture

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Q9. Can I upsell and cross sell

Ans.

Yes, I have experience and skills in upselling and cross-selling.

  • I have a proven track record of successfully upselling and cross-selling products and services to existing customers.

  • I am skilled at identifying customer needs and recommending additional products or services that align with their goals.

  • I have strong communication and persuasion skills to effectively present upsell and cross-sell opportunities.

  • I am familiar with sales techniques and strategies to maximize upsell...read more

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Q10. What is full formof ATM

Ans.

Automated Teller Machine

  • ATM stands for Automated Teller Machine

  • ATMs are electronic banking machines that allow customers to perform various financial transactions without the need for a human teller

  • Common transactions include cash withdrawals, deposits, balance inquiries, and fund transfers

  • ATMs are usually located in public places such as banks, shopping malls, and convenience stores

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