State Bank of India Interview Questions, Process, and Tips

Q1. What is relationship management.
Ans. 
Relationship management involves building and maintaining positive relationships with clients to ensure their satisfaction and loyalty.
• Building trust and rapport with clients

• Understanding clients' needs and preferences

• Providing personalized solutions and support

• Regular communication and follow-up

• Resolving conflicts and addressing concerns promptly
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Q2. How to manage investment of customer at the age of 65 years in mutual fund .
Ans. 
Diversify the investment portfolio based on risk tolerance and financial goals, consider income needs and potential for growth.
• Assess the customer's risk tolerance and financial goals to determine suitable mutual fund options.

• Consider the customer's income needs and desired level of growth when selecting mutual funds.

• Diversify the investment portfolio to reduce risk and maximize returns.

• Regularly review and adjust the ...read more
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Q1. What is the savings account?
Ans. 
A savings account is a type of bank account where you can deposit money and earn interest on the balance.
• Savings accounts typically have lower interest rates compared to other types of investments.

• They are considered a safe and secure way to save money for short-term goals.

• Withdrawals from savings accounts are usually limited to a certain number per month.

• Examples of savings accounts include traditional savings account...read more
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Q2. A savings account, by defination, allowes you to deposit your money safe with the Bank.
Ans. 
A savings account is a secure way to deposit money with a bank for safekeeping and potential growth through interest.
• Savings accounts typically offer a lower interest rate compared to other types of accounts like CDs or money market accounts.

• Funds in a savings account are easily accessible for withdrawals, but may have limitations on the number of transactions allowed per month.

• Some savings accounts require a minimum b...read more
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Q1. What do mean by current account?
Ans. 
A current account is a type of bank account that allows frequent transactions and does not limit the number of withdrawals or deposits.
• Current accounts are typically used for day-to-day banking activities such as receiving salaries, paying bills, and making purchases.

• They do not usually earn interest on the balance maintained in the account.

• Overdraft facilities may be available on current accounts, allowing customers t...read more
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Q1. What is the meaning of fixed account ?
Ans. 
A fixed account is a type of investment account where the interest rate is fixed and does not change over time.
• Fixed accounts typically offer a higher interest rate compared to regular savings accounts.

• The account holder agrees to keep their money in the account for a specified period of time.

• Withdrawals before the maturity date may result in penalties or loss of interest.

• Common examples include fixed deposit accounts
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Q1. What do mean of recurring deposit account?
Ans. 
A recurring deposit account is a type of savings account where a fixed amount is deposited regularly for a predetermined period of time.
• Fixed amount is deposited at regular intervals (monthly, quarterly, etc.)

• Interest is earned on the deposited amount

• The account has a fixed tenure

• Withdrawal before maturity may result in penalties

• Example: Depositing $100 every month for 5 years in a recurring deposit account
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Q1. What do you mean of bank?
Ans. 
A bank is a financial institution that accepts deposits from the public and creates credit.
• Banks provide various financial services such as loans, mortgages, and investment accounts.

• They play a crucial role in the economy by facilitating the flow of money and capital.

• Banks are regulated by government authorities to ensure stability and protect depositors' funds.
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Q1. TELL ME ABOUT YOURSELF
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Q2. WHY BANKING IS CHOSEN AS A CAREER
Ans. 
Banking offers stability, growth opportunities, and the chance to work with diverse clients and financial products.
• Banking provides stability and job security, especially during economic downturns.

• Opportunities for career growth and advancement through training and development programs.

• Chance to work with diverse clients and financial products, gaining valuable experience in the industry.

• Potential for high earning pote...read more
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Banking and ai IMPACTS

Q1. Self interstellar
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Q2. Tell about your experience
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