Teller Authoriser
Teller Authoriser Interview Questions and Answers
Q1. 6. If end of the day cash is not tallied then what procedure do you apply??
If end of the day cash is not tallied, the procedure is to investigate the discrepancies and follow the established protocols.
Investigate the discrepancies in cash
Review the transactions and records
Follow the established protocols for resolving discrepancies
Consult with supervisors or colleagues if necessary
Document the findings and actions taken
Q2. 9. What is soiled note and mutilated note and counterfeit note?
Soiled, mutilated, and counterfeit notes are types of unusable currency.
Soiled notes are those that are dirty or stained and cannot be used in transactions.
Mutilated notes are those that are torn, damaged, or have pieces missing, making them unusable.
Counterfeit notes are fake currency that is made to look like real currency, but is not legal tender.
Banks and financial institutions have strict guidelines for identifying and handling these types of notes.
In some cases, individ...read more
Q3. 4.Full form of RTGS and NEFT and timings??
RTGS stands for Real Time Gross Settlement and NEFT stands for National Electronic Funds Transfer. Timings vary for both.
RTGS is used for high-value transactions with a minimum amount of Rs. 2 lakh and there is no maximum limit.
NEFT is used for transactions up to Rs. 2 lakh and there is no minimum limit.
RTGS operates on a real-time basis and settles transactions individually while NEFT operates in batches and settles transactions in hourly intervals.
RTGS timings are from 7:00...read more
Q4. 10. How to check a "Cheque" errors??
To check cheque errors, verify the date, amount, signature, and account number.
Check the date to ensure it is current and valid
Verify the amount written in both numbers and words
Ensure the signature matches the account holder's signature
Check the account number to ensure it is correct
Look for any alterations or corrections made to the cheque
Q5. 7.Difference between FD and RD ?
FD is a lump sum investment with fixed interest rate while RD is a recurring deposit with variable interest rate.
FD requires a lump sum investment while RD requires regular deposits.
FD offers a fixed interest rate while RD offers a variable interest rate.
FD has a fixed tenure while RD can have a flexible tenure.
FD can be withdrawn prematurely with penalty while RD has restrictions on premature withdrawal.
Example of FD: Investing a lump sum amount of Rs. 1 lakh for 5 years at ...read more
Q6. 8. What is loose leaf?
Loose leaf refers to paper that is not bound in a book or notebook.
Loose leaf paper is often sold in packs or reams.
It can be used for note-taking, printing, or writing letters.
Three-hole punched loose leaf paper can be easily inserted into a binder.
Loose leaf tea is also a popular term for tea leaves that are not in tea bags.
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Q7. Learning is last bank
Learning is a continuous process in the banking industry, with the focus on staying updated with the latest trends and regulations.
Continuous learning is essential in the banking industry to keep up with changing regulations and technologies.
Training programs and workshops are often provided to help employees stay updated.
Adapting to new systems and processes is crucial for success in the banking sector.
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