Yes Bank Operations Representative Interview Questions and Answers

NEFT and RTGS are electronic funds transfer systems used in banking.

• NEFT stands for National Electronic Funds Transfer and RTGS stands for Real Time Gross Settlement.

• NEFT is used for transferring funds up to a certain limit, typically with a time delay, while RTGS allows for immediate and real-time transfer of large amounts.

• NEFT operates in hourly batches, while RTGS operates continuously throughout the working hours o...read more

Saving account is for saving money and earning interest while current account is for frequent transactions.

• Saving account offers interest on the deposited amount while current account does not.

• Saving account has a limit on the number of transactions while current account does not.

• Saving account is suitable for long-term savings while current account is suitable for day-to-day transactions.

• Examples of saving accounts in...read more

Marketing is the process of promoting and selling products or services to customers.

• Marketing involves identifying customer needs and wants

• Creating a product or service that meets those needs

• Promoting the product or service through advertising, public relations, and other channels

• Sales approach involves building relationships with customers

• Understanding their needs and providing solutions

• Cross-selling involves identify...read more