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IDFC FIRST Bank Senior Banking Officer Interview Questions and Answers

Updated 30 Sep 2023

7 Interview questions

A Senior Banking Officer was asked
Q. How do you make sales?
Ans. 

Sales are made by identifying customer needs, building relationships, and offering solutions that meet those needs.

  • Identify customer needs through active listening and asking questions

  • Build relationships by being personable and attentive to their needs

  • Offer solutions that meet their needs and provide value

  • Follow up and maintain relationships for future sales opportunities

A Senior Banking Officer was asked
Q. What do you know about IDFC First Bank?
Ans. 

IDFC First Bank is a private sector bank in India offering a range of financial products and services.

  • IDFC First Bank was formed in 2018 after the merger of IDFC Bank and Capital First Limited.

  • It offers services such as savings accounts, current accounts, fixed deposits, loans, credit cards, and insurance.

  • The bank has a network of over 600 branches and 4,000+ ATMs across India.

  • IDFC First Bank has won several award...

Senior Banking Officer Interview Questions Asked at Other Companies

Q1. Difference b/w current and saving acc Why banking What is repo ra ... read more
Q2. What do you know about IDFC First Bank?
Q3. How can you source business?
Q4. Does the bank need more TV advertisements?
Q5. What is the difference between a savings account and a current ac ... read more
A Senior Banking Officer was asked
Q. Does the bank need more TV advertisements?
Ans. 

It depends on the bank's marketing strategy and target audience.

  • The bank should analyze their current marketing efforts and their effectiveness.

  • They should also consider their target audience and where they are most likely to be reached.

  • TV advertisements can be expensive, so the bank should weigh the cost versus potential benefits.

  • If the bank's target audience is primarily older individuals who watch a lot of TV, ...

A Senior Banking Officer was asked
Q. What are the different types of accounts?
Ans. 

Various types of bank accounts serve different financial needs, including savings, checking, and investment accounts.

  • Savings Account: Ideal for earning interest on deposits while maintaining liquidity. Example: High-yield savings accounts.

  • Checking Account: Used for daily transactions, offering easy access to funds. Example: Standard checking accounts with debit cards.

  • Money Market Account: Combines features of savi...

A Senior Banking Officer was asked
Q. How can you source business?
Ans. 

Sourcing business involves identifying potential clients and building relationships with them.

  • Networking and building relationships with potential clients

  • Identifying target markets and tailoring marketing strategies accordingly

  • Offering competitive products and services

  • Providing excellent customer service to retain clients

  • Utilizing referrals and word-of-mouth marketing

  • Attending industry events and conferences

  • Collab...

A Senior Banking Officer was asked
Q. Difference b/w current and saving acc Why banking What is repo rate Services of banking Basic banking questions
Ans. 

The difference between current and savings accounts, importance of banking, repo rate, services offered by banks, and basic banking questions.

  • Current accounts are primarily used for business transactions, while savings accounts are for personal savings.

  • Banking is important for individuals and businesses to manage their finances, make transactions, and access various financial services.

  • Repo rate is the rate at whic...

A Senior Banking Officer was asked
Q. What’s our solution..?
Ans. 

Our solution is to provide personalized financial services to our customers.

  • We offer a range of financial products and services tailored to meet the individual needs of our customers.

  • We have a team of experienced financial advisors who provide personalized advice and guidance to help customers achieve their financial goals.

  • We leverage technology to provide convenient and efficient banking services, such as online ...

Are these interview questions helpful?

IDFC FIRST Bank Senior Banking Officer Interview Experiences

15 interviews found

I applied via Referral

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. How do you make sales
  • Ans. 

    Sales are made by identifying customer needs, building relationships, and offering solutions that meet those needs.

    • Identify customer needs through active listening and asking questions

    • Build relationships by being personable and attentive to their needs

    • Offer solutions that meet their needs and provide value

    • Follow up and maintain relationships for future sales opportunities

  • Answered by AI
  • Q2. Sales are done with confidence and potential

Interview Preparation Tips

Interview preparation tips for other job seekers - Do not reduce your potential and confidence and always remember

I applied via Walk-in and was interviewed in Nov 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Technical 

(2 Questions)

  • Q1. Visit Idfc first bank wed site apply there
  • Q2. About banking related questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Go with confidence always thik positive about your self

I applied via Recruitment Consulltant and was interviewed in Mar 2022. There were 2 interview rounds.

Round 1 - Aptitude Test 

Good

Round 2 - HR 

(5 Questions)

  • Q1. What are your salary expectations?
  • Ans. 

    I expect a competitive salary that reflects my experience and the value I bring to the role.

    • Based on industry standards, I believe a salary range of $90,000 to $120,000 is appropriate for this position.

    • I have over 10 years of experience in banking, which I believe justifies a higher salary within that range.

    • I am open to discussing performance-based bonuses and other benefits that could enhance my overall compensation p...

  • Answered by AI
  • Q2. Share details of your previous job.
  • Q3. Why should we hire you?
  • Ans. 

    I bring extensive banking experience, strong leadership skills, and a commitment to excellence that aligns with your organization's goals.

    • Proven track record of increasing branch profitability by 20% through strategic initiatives and customer engagement.

    • Strong leadership experience, having managed teams of over 30 employees, fostering a culture of collaboration and high performance.

    • Expertise in risk management, success...

  • Answered by AI
  • Q4. Why are you looking for a change?
  • Q5. Tell me about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - Easy to get job through consultant
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Sep 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Double-check your resume for any spelling mistakes. The recruiter may consider spelling mistakes as careless behavior or poor communication skills.
View all tips
Round 2 - Aptitude Test 

Basic quant ,
reasoning and english level was good which includes some logical questions

Round 3 - Group Discussion 

This is normal GD round in a batch of 5. to 7 candidates

Round 4 - HR 

(1 Question)

  • Q1. Final round in which they ask about your academic journey family background location in which you are comfortable and expected ctc
Round 1 - One-on-one 

(1 Question)

  • Q1. What you know about IDFC First Bank?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and try to collect information about bank and be prepared.

I applied via Company Website and was interviewed in Oct 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

Easy basic aptitude . score 70+ to pass .

Round 2 - One-on-one 

(1 Question)

  • Q1. Difference b/w current and saving acc Why banking What is repo rate Services of banking Basic banking questions
  • Ans. 

    The difference between current and savings accounts, importance of banking, repo rate, services offered by banks, and basic banking questions.

    • Current accounts are primarily used for business transactions, while savings accounts are for personal savings.

    • Banking is important for individuals and businesses to manage their finances, make transactions, and access various financial services.

    • Repo rate is the rate at which the...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep it cool , easy process but apply by idfc banking site only . 3rd party hiring process have lower salary
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Feb 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Aptitude Test 

Its a good experience and gk knowledge quation and mathmetics

Round 3 - One-on-one 

(2 Questions)

  • Q1. 1.Previous work experience 2.and proceed of work
  • Ans. 

    I have 5 years of experience as a Bank Officer, handling various responsibilities and achieving targets.

    • Worked as a Bank Officer for 5 years

    • Managed customer accounts and provided financial advice

    • Processed loan applications and evaluated creditworthiness

    • Achieved sales targets by cross-selling banking products

    • Handled cash transactions and ensured accuracy

    • Maintained compliance with banking regulations

    • Led a team of junior ...

  • Answered by AI
  • Q2. Last work and proceed

Interview Preparation Tips

Interview preparation tips for other job seekers - Last work and role how do the work and to perform

I applied via Referral and was interviewed in Jun 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Did bank need more advertisements on TV?
  • Ans. 

    It depends on the bank's marketing strategy and target audience.

    • The bank should analyze their current marketing efforts and their effectiveness.

    • They should also consider their target audience and where they are most likely to be reached.

    • TV advertisements can be expensive, so the bank should weigh the cost versus potential benefits.

    • If the bank's target audience is primarily older individuals who watch a lot of TV, then ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Assessment test is the first gateway to enter into the interview process.Do the assessment genuinely without suspicious activity ,not eyes on the sky or try to crack even there will be simple aptitude question. If cleared that mostly you got selected.Best ambiance workplace ever.

I applied via Campus Placement and was interviewed in Feb 2021. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Why do you want to join IDFC FIRST Bank?
  • Ans. 

    I am drawn to IDFC FIRST Bank for its innovative approach, commitment to customer-centric solutions, and strong focus on sustainable banking.

    • IDFC FIRST Bank's emphasis on digital banking aligns with my passion for leveraging technology to enhance customer experiences.

    • The bank's commitment to financial inclusion resonates with my values, as I believe in empowering underserved communities.

    • I admire IDFC FIRST Bank's focus...

  • Answered by AI
  • Q2. Tell me something about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and be honest.

I applied via Referral and was interviewed in Dec 2020. There was 1 interview round.

Interview Questionnaire 

3 Questions

  • Q1. Understanding of Casa
  • Q2. Types accounts
  • Ans. 

    Various types of bank accounts serve different financial needs, including savings, checking, and investment accounts.

    • Savings Account: Ideal for earning interest on deposits while maintaining liquidity. Example: High-yield savings accounts.

    • Checking Account: Used for daily transactions, offering easy access to funds. Example: Standard checking accounts with debit cards.

    • Money Market Account: Combines features of savings a...

  • Answered by AI
  • Q3. Understanding of banking services

Interview Preparation Tips

Interview preparation tips for other job seekers - Please be prepared to do field work.
Otherwise you need to have previous bank job experience.

Top trending discussions

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Interview Tips & Stories
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·
works at
Cvent
Can speak English, can’t deliver in interviews
I feel like I can't speak fluently during interviews. I do know english well and use it daily to communicate, but the moment I'm in an interview, I just get stuck. since it's not my first language, I struggle to express what I actually feel. I know the answer in my head, but I just can’t deliver it properly at that moment. Please guide me
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IDFC FIRST Bank Interview FAQs

How many rounds are there in IDFC FIRST Bank Senior Banking Officer interview?
IDFC FIRST Bank interview process usually has 2-3 rounds. The most common rounds in the IDFC FIRST Bank interview process are One-on-one Round, Aptitude Test and Resume Shortlist.
How to prepare for IDFC FIRST Bank Senior Banking Officer interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at IDFC FIRST Bank. The most common topics and skills that interviewers at IDFC FIRST Bank expect are Banking, Sales, Transaction Banking, Branch Banking and Compliance.
What are the top questions asked in IDFC FIRST Bank Senior Banking Officer interview?

Some of the top questions asked at the IDFC FIRST Bank Senior Banking Officer interview -

  1. Difference b/w current and saving acc Why banking What is repo rate Services o...read more
  2. What you know about IDFC First Ba...read more
  3. How can you source the Busines...read more
What are the most common questions asked in IDFC FIRST Bank Senior Banking Officer HR round?

The most common HR questions asked in IDFC FIRST Bank Senior Banking Officer interview are -

  1. Why are you looking for a chan...read more
  2. What are your salary expectatio...read more
  3. Why should we hire y...read more

Tell us how to improve this page.

Overall Interview Experience Rating

4.8/5

based on 4 interview experiences

Difficulty level

Moderate 50%
Hard 50%

Duration

Less than 2 weeks 25%
4-6 weeks 25%
More than 8 weeks 50%
View more
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₹2.8 L/yr - ₹5 L/yr
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