IndusInd Bank Deputy Branch Manager/Branch Operation Manager Interview Questions and Answers

Types of account include savings, checking, money market, and certificate of deposit.

• Savings account: earns interest on deposited funds

• Checking account: used for daily transactions

• Money market account: higher interest rates than savings account

• Certificate of deposit: fixed term and interest rate

Yes, stop payment can be placed on a DD.

• Stop payment can be placed on a DD if the customer requests it.

• The bank charges a fee for placing a stop payment on a DD.

• The stop payment request must be made before the DD is presented for payment.

• Once the stop payment is placed, the bank will not honor the DD.

• The customer must provide the DD number and other relevant details to place a stop payment.