IDFC FIRST Bank Branch Relationship Officer Interview Questions and Answers

Candidates have to attend the Situational assessment related to sales.
It's all about 30 minutes assessment.

Q1. Why do you want to work in this particular location?
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Q2. What is Insurance and different types of Insurance?
Ans. 
Insurance is a contract between an individual and an insurance company to protect against financial loss.
• Types of insurance include life, health, auto, home, and travel insurance.

• Life insurance provides financial support to the family of the insured in case of their death.

• Health insurance covers medical expenses of the insured.

• Auto insurance covers damages to the insured's vehicle and liability for any injuries or dama...read more
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Q3. What is mutual funds?
Ans. 
Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, and other securities.
• Mutual funds are managed by professional fund managers.

• Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities.

• Mutual funds offer diversification and can be a good option for investors who want exposure to a variety ...read more
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Q4. What is the difference between private sector and public sector banks?
Ans. 
Private sector banks are owned by private individuals or corporations while public sector banks are owned by the government.
• Private sector banks are profit-oriented while public sector banks focus on social welfare.

• Private sector banks have higher interest rates and better customer service while public sector banks have lower interest rates and slower customer service.

• Examples of private sector banks include HDFC Bank,...read more
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Q5. Family background and some basic questions.
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