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IDFC FIRST Bank Finance Executive Interview Questions and Answers for Experienced

Updated 14 Jul 2024

IDFC FIRST Bank Finance Executive Interview Experiences for Experienced

1 interview found

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
Selected Selected
Round 1 - Technical 

(2 Questions)

  • Q1. E KYC FULL FORM
  • Ans. 

    E KYC stands for Electronic Know Your Customer.

    • E KYC is a process where customer identity and address are verified electronically.

    • It helps in simplifying the KYC process for financial institutions and customers.

    • Examples of E KYC include Aadhaar-based KYC in India and biometric verification.

    • It reduces paperwork and speeds up the onboarding process for customers.

  • Answered by AI
  • Q2. Interest Calculation

Interview Preparation Tips

Interview preparation tips for other job seekers - Positive Thinking and hard work Regular New challenges Problem solutions

Interview questions from similar companies

I applied via Referral and was interviewed in Sep 2019. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What's the difference between operation and sales.
  • Ans. 

    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...

  • Answered by AI
  • Q2. What, s NRE and NRO account.
  • Ans. 

    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...

  • Answered by AI
  • Q3. What's are KYC docs required to open the current account.
  • Ans. 

    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

  • Answered by AI
  • Q4. Why do you want to join this organization

Interview Preparation Tips

Interview preparation tips for other job seekers - Apart from well dressed and good communication skills are one should have a sound knowledge of banking.

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

Interview Questionnaire 

1 Question

  • Q1. What value add will you bring to this organisation?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be a professional. Before the interview study about the organisation. Always look into the eye of the interviewer and answer honestly to all the questions asked. Be confident. Have a confident body language.

I applied via Naukri.com and was interviewed before Feb 2020. There was 1 interview round.

Interview Questionnaire 

4 Questions

  • Q1. How to Develop your Branch and Manage Team with Efficiently. How you done the Business
  • Q2. What is your strength?
  • Q3. What is your CTC
  • Q4. How you handle Irate Customers
  • Ans. 

    I listen to their concerns, empathize with them, and offer a solution to their problem.

    • Listen actively and patiently to their complaints

    • Empathize with their situation and show understanding

    • Offer a solution to their problem and follow up to ensure satisfaction

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just prepared your self with confidence and positive approach.

Interview Questionnaire 

1 Question

  • Q1. I was asked about the performance of last three years in my previous organisation? Infact the HR and other management head were interested to know about my previous organisation joining value base and how ...

Interview Questionnaire 

1 Question

  • Q1. PROFILE OF YOUR JOB AND YOUR ACHIEVMENTS

Interview Preparation Tips

Interview preparation tips for other job seekers - GOOD

I applied via Referral and was interviewed before Dec 2019. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. How to increase business
  • Ans. 

    To increase business, focus on customer satisfaction, expand marketing efforts, and offer promotions.

    • Improve customer service to increase customer satisfaction and loyalty

    • Expand marketing efforts through social media, email campaigns, and targeted advertising

    • Offer promotions such as discounts, referral bonuses, and loyalty programs

    • Identify and target new markets or customer segments

    • Collaborate with other businesses or ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Achievement in your previous organisation

I applied via Walk-in and was interviewed before Aug 2020. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Tell about case book
  • Ans. 

    A case book is a collection of cases or scenarios used for training or educational purposes.

    • Case books are commonly used in business schools to teach students about real-world business situations.

    • They can also be used in law schools to teach students about legal cases and precedents.

    • Case books may include case studies, simulations, or hypothetical scenarios.

    • They are often used to encourage critical thinking and problem...

  • Answered by AI
  • Q2. Gl size book

Interview Preparation Tips

Interview preparation tips for other job seekers - Good communication skills required

I applied via Referral and was interviewed before Jul 2021. 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 - Aptitude Test 

General awareness and competitive test

Round 3 - HR 

(1 Question)

  • Q1. Salary negotiation and job profile discussed

Interview Preparation Tips

Interview preparation tips for other job seekers - Ask for better ctc and allowance benifits

I applied via Walk-in and was interviewed before Jun 2020. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Tell me about urself
  • Q2. Tell me something about it banking experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Only confidence required in from of interviewer.

IDFC FIRST Bank Interview FAQs

How many rounds are there in IDFC FIRST Bank Finance Executive interview for experienced candidates?
IDFC FIRST Bank interview process for experienced candidates usually has 1 rounds. The most common rounds in the IDFC FIRST Bank interview process for experienced candidates are Technical.
What are the top questions asked in IDFC FIRST Bank Finance Executive interview for experienced candidates?

Some of the top questions asked at the IDFC FIRST Bank Finance Executive interview for experienced candidates -

  1. E KYC FULL F...read more
  2. Learn the regional language or if u r a localite it will be helpful, language p...read more
  3. Idfc finance is very import...read more

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IDFC FIRST Bank Finance Executive Interview Process for Experienced

based on 1 interview

Interview experience

5
  
Excellent
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Join IDFC FIRST Bank Guided by ethics, powered by technology and a force for social good
IDFC FIRST Bank Finance Executive Salary
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₹1 L/yr - ₹4 L/yr
39% less than the average Finance Executive Salary in India
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IDFC FIRST Bank Finance Executive Reviews and Ratings

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