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based on 9.9k Reviews

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IDFC FIRST Bank NRI Relationship Manager Interview Questions and Answers

Updated 20 Dec 2024

IDFC FIRST Bank NRI Relationship Manager Interview Experiences

2 interviews found

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Jun 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

Aptitude test accompanied by a questionnaire.

Round 2 - Group Discussion 

Group discussion with the line manager.

Round 3 - HR 

(2 Questions)

  • Q1. Expectations regarding Salary hike
  • Q2. Are you ready for relocation?

Interview Preparation Tips

Interview preparation tips for other job seekers - Just don't stick to 30 % or 40 % hike.
They can pay more you must have the capability to negotiate according to your skills.

I applied via Recruitment Consulltant and was interviewed before Sep 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 - One-on-one 

(2 Questions)

  • Q1. General interview questions
  • Q2. Be prepared for technical questions regarding NRIs and NRI Banking.
Round 3 - One-on-one 

(1 Question)

  • Q1. NRI Banking products
  • Ans. 

    NRI Banking products refer to financial products and services designed for Non-Resident Indians.

    • NRI savings accounts

    • NRI fixed deposits

    • NRI loans

    • NRI credit cards

    • NRI investment options

    • NRI remittance services

    • NRI insurance products

  • Answered by AI

Interview Preparation Tips

Topics to prepare for IDFC FIRST Bank NRI Relationship Manager interview:
  • NRI BANKING
  • FCNR
  • Foreign Remittance
  • Foreign Exchange
Interview preparation tips for other job seekers - Should possess knowledge on getting leads of NRI clients(how and where), FCNR and Foreign Exchange.
Be positive and even of you don't know any technical questions, keep calm and remain positive to get the job. Right attitude do help most of the time. Once you will be positive, your reply to questions will also be the same. All the best.

NRI Relationship Manager Interview Questions Asked at Other Companies

asked in Axis Bank
Q1. How much is your highest life insurance policy issued?
asked in Axis Bank
Q2. Do you have experience in selling Third party products like Life ... read more
asked in Axis Bank
Q3. Do you have AMFI / IRDAI certification ?
asked in ICICI Bank
Q4. And how to treat customers
asked in ICICI Bank
Q5. What is E-relationship manager

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(1 Question)

  • Q1. Explain your greatest achievement
  • Ans. 

    My greatest achievement was successfully managing a portfolio of high net-worth NRI clients and exceeding sales targets consistently.

    • Consistently exceeding sales targets by 20% for three consecutive quarters

    • Building strong relationships with high net-worth NRI clients leading to a 30% increase in assets under management

    • Implementing innovative investment strategies that resulted in a 15% increase in client satisfaction

  • Answered by AI
Round 2 - One-on-one 

(1 Question)

  • Q1. Target achievement
Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Dec 2023. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. What is my experience?
  • Q2. Why shift from FMCG to Banking?
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
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. Technical and basic knowledge
  • Q2. About yourself and family
Round 3 - One-on-one 

(2 Questions)

  • Q1. Foreign exchange related and MUTUAL FUNDS
  • Q2. Taxation of MF for NRI
  • Ans. 

    Taxation of Mutual Funds for NRIs involves TDS on capital gains, different tax rates based on type of MF, and tax implications on redemption.

    • NRIs are subject to TDS on capital gains from mutual funds at different rates depending on the type of MF and holding period

    • Equity mutual funds held for over 1 year are taxed at 10% without indexation benefit, while debt funds are taxed at 20% with indexation benefit

    • Short-term cap...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed before Jun 2023. There was 1 interview round.

Round 1 - HR 

(6 Questions)

  • Q1. Brif Introduction
  • Q2. Technical knowledge
  • Q3. Basic Banking knowledge
  • Q4. Future prospective
  • Q5. Long term goal.
  • Q6. Banking related terms

Interview Preparation Tips

Interview preparation tips for other job seekers - While giving you interview please be confident because they are checking your fluency and confident and present somthing different. Do not hesitate for showing skills and knowledge.

I applied via Referral and was interviewed in Jun 2021. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Who are NRI? About taxation, benefits of life insurance, fcnr, pio, oci

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident about your answers.

I applied via Referral and was interviewed in Jan 2021. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What is your portfolio size
  • Ans. Answer according with your portfolio size
  • Answered Anonymously
  • Q2. What are your achievements
  • Ans. Mostly life insurance and mutual funds they are concentrated
  • Answered Anonymously
  • Q3. What is your Revenue
  • Q4. Based on your Revenue they can estimate how much you can help them in generating Revenue

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview was good
Interview experience
3
Average
Difficulty level
Easy
Process Duration
More than 8 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Dec 2023. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Commentary on the market

Interview Preparation Tips

Interview preparation tips for other job seekers - Need to be confident
Know what is written on resume. Prepare your own resume this helps
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Sep 2022. There were 2 interview rounds.

Round 1 - One-on-one 

(3 Questions)

  • Q1. What are you strengths and weaknesses ?
  • Q2. How would you justify yourself to be in a position to cater the Nri customers?
  • Q3. This would be a stressful environment to prove your work and sales would be an integral part with frequent on the field job. Are you ready to go out of the way and justify your work?
Round 2 - HR 

(1 Question)

  • Q1. Are you willing to travel for this job and how would you justify your salary for the same?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and be really ready to work of the way to justify your opinion on how would you be able to carry out sales and meet the clients need.
Do your homework on foreign markets, products related offering to NRI customers, deposits, foreign deposits, portfolio management.
Be outspoken about your experiences and how it would lead to be a better banker there is.

IDFC FIRST Bank Interview FAQs

How many rounds are there in IDFC FIRST Bank NRI Relationship Manager interview?
IDFC FIRST Bank interview process usually has 3 rounds. The most common rounds in the IDFC FIRST Bank interview process are One-on-one Round, Resume Shortlist and Aptitude Test.
What are the top questions asked in IDFC FIRST Bank NRI Relationship Manager interview?

Some of the top questions asked at the IDFC FIRST Bank NRI Relationship Manager interview -

  1. Be prepared for technical questions regarding NRIs and NRI Banki...read more
  2. General interview questi...read more
  3. NRI Banking produ...read more

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IDFC FIRST Bank NRI Relationship Manager Salary
based on 48 salaries
₹3.6 L/yr - ₹8 L/yr
7% less than the average NRI Relationship Manager Salary in India
View more details

IDFC FIRST Bank NRI Relationship Manager Reviews and Ratings

based on 11 reviews

3.3/5

Rating in categories

2.8

Skill development

3.0

Work-life balance

3.7

Salary

2.9

Job security

3.0

Company culture

3.4

Promotions

2.6

Work satisfaction

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