IDFC FIRST Bank Branch Head Interview Questions and Answers for Experienced

Operations focus on internal processes while sales focus on external revenue generation.

• Operations involve managing resources, logistics, and production processes.

• Sales involve identifying and pursuing potential customers, negotiating deals, and generating revenue.

• Operations ensure efficient and effective use of resources while sales ensure revenue growth.

• Examples of operations include supply chain management, inventor...read more

NRE and NRO accounts are types of bank accounts for non-resident Indians.

• NRE stands for Non-Resident External account, which is a rupee-denominated account that allows NRIs to transfer foreign earnings to India and earn tax-free interest.

• NRO stands for Non-Resident Ordinary account, which is a savings or current account that allows NRIs to manage their income earned in India and abroad.

• NRO accounts have taxable interes...read more

KYC docs required to open a current account

• Identity proof - Aadhaar card, PAN card, Passport, Voter ID card

• Address proof - Aadhaar card, Passport, Utility bills, Bank statement

• Passport size photograph

• Business proof - GST registration certificate, Trade license, etc.

• PAN card of the business entity

• KYC declaration form