Teller Authoriser Interview Questions and Answers

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

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

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

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

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.

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.