SBI Mutual Fund Office Assistant Interview Questions, Process, and Tips

A bank account is a financial account maintained by a bank for a customer.

• A bank account allows individuals or businesses to deposit money, withdraw funds, and perform other financial transactions.

• There are different types of bank accounts such as savings accounts, checking accounts, and money market accounts.

• Bank accounts typically come with features like debit cards, online banking, and mobile banking.

• Customers can e...read more

Furniture refers to movable objects intended to support various human activities such as seating, sleeping, and storage.

• Furniture includes items like chairs, tables, beds, sofas, cabinets, and shelves.

• It can be made from various materials such as wood, metal, plastic, and fabric.

• Furniture is essential for creating functional and comfortable living or working spaces.

A purchase is the act of buying goods or services in exchange for money or other forms of payment.

• A purchase involves exchanging money or payment for goods or services

• It can be done in person at a store, online, or over the phone

• Examples: buying groceries at a supermarket, purchasing a new phone online

Cash is physical currency in the form of coins and banknotes, used for transactions.

• Cash is tangible money that can be used to make purchases or pay debts.

• It is typically in the form of coins and paper currency issued by the government.

• Cash transactions are immediate and do not involve electronic transfers.

• Cash is commonly used for small purchases or in situations where electronic payment methods are not available.

A deposit asset refers to funds that are deposited into a bank account or other financial institution.

• Deposit assets can include cash, checks, money orders, and electronic transfers.

• These funds are typically held by the bank on behalf of the account holder.

• Deposit assets can earn interest or be used to make withdrawals or payments.

• Examples of deposit assets include savings accounts, checking accounts, and certificates