Personal Banker Authoriser Interview Questions and Answers

Fake notes can be detected by checking for security features and using special equipment.

• Check for watermarks, security threads, and color-shifting ink

• Use UV lights to check for fluorescent markings

• Use counterfeit detection pens to check for chemical reactions

• Compare the note to a genuine one for differences in texture and design

• Use currency counting machines with counterfeit detection capabilities

• Train employees on how to detect fake notes

I am drawn to Yes Bank for its innovative approach, commitment to customer service, and opportunities for professional growth.

• Yes Bank's focus on digital banking aligns with my passion for technology and finance.

• The bank's commitment to customer satisfaction resonates with my belief in building strong client relationships.

• I admire Yes Bank's initiatives in sustainable banking and corporate social responsibility.

• The opportunity for career advancement and continuous learning at...read more

AML stands for Anti-Money Laundering and KYC stands for Know Your Customer. Both are important measures to prevent financial crimes.

• AML is a set of regulations and procedures designed to prevent money laundering and terrorist financing.

• KYC is the process of verifying the identity of customers and assessing their potential risks.

• AML and KYC are important for banks and financial institutions to comply with regulations and prevent financial crimes.

• Examples of AML and KYC measure...read more

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 accounts like CDs or money market accounts.

• They are designed for saving money rather than frequent transactions.

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

• Some savings accounts may require a minimum balance to be maintained to avoid fees.

• Examples of savi...read more

Accounting involves recording, analyzing, and reporting financial transactions of a business or organization.

• Accounting is the process of recording financial transactions.

• It involves analyzing financial data to make informed business decisions.

• Accounting also includes preparing financial statements like balance sheets and income statements.

• There are different types of accounting such as managerial accounting and financial accounting.