Indian Institute of Banking & Finance Phone Banking Officer Interview Questions and Answers

Q1. What is the card based payment
Ans. 
Card-based payment refers to making transactions using a payment card, such as a credit or debit card.
• Card-based payment involves using a physical or virtual card to make payments.

• It is a convenient and widely accepted method of payment.

• Examples of card-based payment systems include Visa, Mastercard, and American Express.

• Card-based payments can be made in-person, online, or over the phone.

• Security measures like PINs an...read more
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What are the type of a account in a bank

Q1. What do you want to join banking sector?
Ans. Banking sector is the fastest and growing sector and work by the banking
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Q2. Brief me about yourself
Ans. I am sonal kedari. my qualifications is the graduation . My graduation is the last years complete . And i learning the nom m.com
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Q3. What are type of account in a bank
Ans. 
Types of accounts in a bank include savings, current, fixed deposit, and recurring deposit accounts.
• Savings account: Used for regular banking transactions and earns interest on the balance.

• Current account: Primarily for businesses and allows unlimited transactions.

• Fixed deposit account: Offers a fixed interest rate for a specific period of time.

• Recurring deposit account: Allows regular deposits and earns interest over
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Q4. How bank earn a profit
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Banks earn profit through various sources such as interest income, fees and commissions, and investments.
• Interest income from loans and mortgages

• Fees and commissions from services like credit cards and wealth management

• Investments in stocks, bonds, and other financial instruments

• Foreign exchange transactions

• Interbank lending and borrowing

• Profit from subsidiaries and affiliates
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