Kogta Financial India Limited Executive Interview Questions and Answers

KYC stands for Know Your Customer.

• KYC is a process of verifying the identity of a customer.

• It is mandatory for financial institutions to perform KYC before opening an account.

• KYC helps in preventing fraud and money laundering.

• Documents like Aadhaar card, PAN card, passport, etc. are used for KYC.

• KYC is also required for getting a SIM card or buying insurance.

NBFC stands for Non-Banking Financial Company.

• NBFCs are financial institutions that offer banking services without holding a banking license.

• They provide services like loans, credit facilities, and investments.

• NBFCs are regulated by the Reserve Bank of India (RBI) and are an important part of the Indian financial system.

• Examples of NBFCs in India include Bajaj Finserv, Mahindra & Mahindra Financial Services, and L&T Fi

FD stands for Fixed Deposit, a type of investment where a sum of money is deposited for a fixed period of time at a fixed interest rate.

• FD is a low-risk investment option

• The interest rate on FDs is usually higher than savings accounts

• FDs have a fixed tenure, ranging from a few months to several years

• Premature withdrawal of FDs may attract a penalty

• FDs can be opened with banks, post offices, and other financial institut

To do Bajaj FD, I would follow a step-by-step process to open a fixed deposit account with Bajaj Finance.

• Research and compare Bajaj Finance's fixed deposit offerings

• Gather necessary documents like identity proof, address proof, and PAN card

• Visit the nearest Bajaj Finance branch or apply online

• Fill out the application form and provide the required details

• Submit the application along with the necessary documents

• Deposit t...read more

To convince a customer, I would focus on understanding their needs, building trust, and providing a compelling solution.

• Listen actively to the customer's needs and concerns

• Demonstrate expertise and knowledge about the product or service

• Highlight the unique features and benefits of the offering

• Provide social proof through testimonials or case studies

• Offer a trial or sample to showcase the value

• Address objections and pro...read more