Process Associate Operations Analyst Interview Questions and Answers

Banking is a financial service that involves accepting deposits and lending money.

• Banks provide financial services such as checking and savings accounts, loans, and credit cards.

• They also offer investment services like mutual funds and retirement accounts.

• Banks make money by charging interest on loans and fees for services.

• Examples of banks include JPMorgan Chase, Bank of America, and Wells Fargo.

RTGS stands for Real Time Gross Settlement. It is a payment system used for large value transactions.

• RTGS is a fund transfer system where the transfer of money takes place in real-time and on a gross basis.

• It is used for high-value transactions that require immediate clearance and settlement.

• The minimum amount for RTGS transactions varies from country to country.

• RTGS is commonly used for transactions such as interbank transfers, large business payments, and government transac...read more