IndusInd Bank Interview Questions, Process, and Tips

Q1. Tell me the process of deceased claim in without nominee case?
Ans. 
Deceased claim process in without nominee case
• The legal heir needs to submit a claim form along with the death certificate of the account holder

• The bank will verify the claim and the legal heir's relationship with the deceased

• If the claim is approved, the funds will be transferred to the legal heir's account

• If there are multiple legal heirs, the funds will be divided among them as per the succession laws

• If the legal he...read more
Answered by AI
View 6 more answers
Q2. What is technical verification in clearing?
Ans. 
Technical verification in clearing refers to the process of verifying the accuracy and completeness of trade data and ensuring compliance with regulatory requirements.
• It involves checking trade data against market rules and regulations

• It ensures that all necessary information is included in the trade data

• It helps to prevent errors and reduce the risk of trade failures

• Examples include verifying trade details such as tra...read more
Answered by AI
View 1 more answer
Q3. Tell me about bait money?
Ans. 
Bait money is a form of currency that is marked and used to track criminals who steal from banks or other financial institutions.
• Bait money is typically used in sting operations to catch thieves and robbers.

• The money is marked with special ink or dye that can be easily identified by law enforcement.

• Bait money can also be used to track the movement of stolen money and identify suspects.

• It is important to keep the use of...read more
Answered by AI
Add your answer
Q4. What is the difference between soiled and mutilated notes?
Ans. 
Soiled notes are dirty or stained while mutilated notes are damaged or torn.
• Soiled notes are still intact and can be used for transactions but may require cleaning.

• Mutilated notes are no longer usable and need to be replaced by the central bank.

• Examples of soiled notes include those with ink stains, dirt, or oil marks.

• Examples of mutilated notes include those with missing corners, holes, or tears.

• Banks are responsible ...read more
Answered by AI
View 2 more answers
Q5. What is DN1 & DN2?
Ans. 
DN1 & DN2 are designations for different levels of Deputy Branch Managers in some organizations.
• DN1 is typically a lower level position with less responsibility than DN2.

• DN2 is usually a more senior position with greater responsibility and authority.

• The specific duties and requirements for each designation may vary depending on the organization.

• For example, DN1 may be responsible for managing a smaller team or branch, ...read more
Answered by AI
View 1 more answer

Basic quantitative questions, directional questions, relational questions, etc.

The advantages and disadvantages of social media.

Q1. Basic questions regarding your family background?
Add your answer
Q2. Entirely based on your resume
Add your answer

Q1. Tell me about your internship
Ans. 
I interned at a tech startup where I worked on developing a web application for managing customer data.
• Developed front-end using React.js and back-end using Node.js

• Implemented RESTful APIs for data retrieval and manipulation

• Collaborated with team members to troubleshoot and optimize code

• Gained experience in agile development practices
Answered by AI
Add your answer
Q2. Tell me about your projects
Ans. 
I have worked on various projects including e-commerce websites, social media platforms, and data visualization tools.
• Developed an e-commerce website using React and Node.js

• Built a social media platform with Django and React

• Created a data visualization tool using D3.js
Answered by AI
Add your answer

Q1. Why do you want to join us
Ans. 
I am passionate about providing excellent customer service and believe in the values and mission of your organization.
• Passionate about customer service

• Aligned with organization's values and mission
Answered by AI
View 1 more answer
Q2. What are your strength and weakness
Ans. 
My strength is attention to detail and my weakness is public speaking.
• Strength: Attention to detail - I excel at noticing small details and ensuring accuracy in my work.

• Weakness: Public speaking - I struggle with speaking in front of large groups and conveying my thoughts effectively.

• Example: In my previous role as a bank teller, my attention to detail helped me catch errors in transactions before they became bigger is...read more
Answered by AI
Add your answer
Q3. If someone forcibly gives a torn note to the teller, what should the teller do in that condition
Ans. 
The teller should refuse to accept the torn note and inform the customer of the policy regarding damaged currency.
• Refuse to accept the torn note as it may not be considered legal tender

• Inform the customer of the policy regarding damaged currency

• Advise the customer to exchange the torn note at a bank or through the central bank
Answered by AI
Add your answer
Q4. If the cash tally is not matching in the same denom then what should the tailor do
Ans. 
The teller should recount the cash and verify the denominations to identify any discrepancies.
• Recount the cash to ensure accuracy

• Check each denomination separately

• Look for any errors in counting or sorting

• Consult with a supervisor if needed
Answered by AI
Add your answer
Q5. How to check if someone gives a counterfeit note to the teller
Ans. 
To check for counterfeit notes, tellers can use UV light, counterfeit detection pens, and check for security features.
• Use UV light to check for security features like watermarks, security threads, and color-shifting ink.

• Use a counterfeit detection pen to test the paper's authenticity.

• Check for raised printing, microprinting, and other security features on the note.

• Train tellers to be familiar with the look and feel of ...read more
Answered by AI
Add your answer

Q1. What about you yourself
Add your answer
Q2. What have you done
Ans. 
I have worked as a teller for 5 years at XYZ Bank, handling cash transactions, assisting customers, and balancing daily reports.
• Handled cash transactions on a daily basis

• Assisted customers with account inquiries and transactions

• Balanced daily reports and reconciled discrepancies

• Trained new tellers on bank procedures and policies
Answered by AI
Add your answer

Q1. What is the expected GDP of India? Ans-India's economic growth is expected to accelerate to 6.7 per cent in the second half (H2) of the fiscal year, bringing the full-year 2024-25 GDP growth to 6.4 per cen...read more
Ans. 
India's GDP growth is expected to accelerate to 6.7% in the second half of the fiscal year, with full-year 2024-25 GDP growth projected at 6.4%.
• India's economic growth is forecasted to pick up to 6.7% in the second half of the fiscal year.

• The full-year GDP growth for 2024-25 is expected to be 6.4%.

• Factors such as government policies, global economic conditions, and domestic consumption will influence India's GDP growth...read more
Answered by AI
Add your answer
Q2. 2) Tell me the process of deceased claim in without nominee case? claim process in without nominee case Ans- We will process deceased claim.in the favor of regal hire in the case of absence of nomination.
Ans. 
Deceased claim process in without nominee case involves processing the claim in favor of legal heirs.
• Verify the death certificate of the deceased

• Identify the legal heirs of the deceased

• Obtain necessary legal documents such as succession certificate or probate

• Process the claim in the name of legal heirs as per the succession laws

• Ensure all required documents are submitted for claim processing
Answered by AI
Add your answer

Q1. Tell me the process of deceased claim in without nominee case? claim process in without nominee case
Ans. 
The process of deceased claim in without nominee case involves legal procedures and documentation.
• Verify the death certificate of the deceased individual

• Obtain legal heirship certificate from the court

• Submit the necessary documents to the bank or financial institution

• The claim amount may be distributed among legal heirs as per succession laws
Answered by AI
Add your answer