Kotak Mahindra Bank Deputy Manager Operations Interview Questions, Process, and Tips

A banker should possess strong financial knowledge, excellent communication skills, and the ability to build and maintain relationships.

• Strong financial knowledge and understanding of banking products and services

• Excellent communication and interpersonal skills to interact with clients and colleagues

• Ability to build and maintain relationships with customers and stakeholders

• Attention to detail and accuracy in handling f...read more

Negotiable instrument is a document that guarantees payment of a specific amount of money to the bearer or holder of the instrument.

• Negotiable instruments are commonly used in business transactions.

• Examples of negotiable instruments include checks, promissory notes, and bills of exchange.

• They are transferable from one person to another by endorsement or delivery.

• They provide a level of security and assurance to the par...read more

Notes have various security features to prevent counterfeiting.

• Watermark: A faint image or pattern is visible when held up to light.

• Security thread: A thin strip embedded in the note glows under UV light.

• Microprinting: Tiny text that is difficult to replicate is visible under magnification.

• Color-shifting ink: The color of the ink changes when viewed from different angles.

• Raised printing: Certain parts of the note have ...read more

Cheques have various security features to prevent fraud and ensure authenticity.

• Watermark or security thread visible under UV light

• Microprinting of the bank's name and amount on the cheque

• Use of special paper that is difficult to alter or copy

• Magnetic ink character recognition (MICR) line for automated processing

• Signature verification and matching with account holder's signature on record

The amount limit for NEFT transactions varies depending on the bank and type of account.

• The limit can range from Rs. 1 lakh to Rs. 25 lakhs per day.

• Some banks may have different limits for different types of accounts.

• The limit may also depend on the mode of transfer, such as online or offline.

• The RBI has set a maximum limit of Rs. 10 lakhs for NEFT transactions.

• It is advisable to check with your bank for the specific l