Yes Bank Operations Interview Questions, Process, and Tips

The latest RBI circulars are regulatory guidelines issued by the Reserve Bank of India.

• RBI circulars are issued to regulate and govern various aspects of banking and financial operations in India.

• They cover areas such as monetary policy, banking regulations, foreign exchange management, and payment systems.

• The circulars provide instructions, guidelines, and updates to banks and financial institutions on compliance and ...read more

Payment modes in banking include cash, cheques, cards, and electronic transfers. RTGS and NEFT are two popular electronic transfer modes.

• Cash: Physical currency notes and coins.

• Cheques: Written orders to pay a specific amount from one bank account to another.

• Cards: Debit or credit cards for electronic payments.

• Electronic Transfers: RTGS and NEFT are two common modes.

• RTGS (Real Time Gross Settlement): Used for high-valu...read more

The permissible credit/debit policy of NRI accounts refers to the rules and regulations governing the use of credit and debit facilities by non-resident Indians.

• NRI accounts have specific guidelines regarding the maximum amount of credit and debit allowed.

• Credit facilities may include loans, overdrafts, and credit cards.

• Debit facilities may include ATM withdrawals, online transactions, and check payments.

• The permissibl...read more

Soiled, mutilated, and notes are different conditions of currency.

• Soiled notes refer to currency that is dirty or stained but still intact.

• Mutilated notes are currency that is damaged or partially destroyed.

• Notes can be considered mutilated if they are torn, burnt, or have missing parts.

• Examples of mutilated notes include those that have been chewed by animals or damaged by fire or water.

• Both soiled and mutilated notes...read more