Most of the fresh graduates fail to secure a banking job even after cracking the written exam. Because during the preparation, they put 90% of their effort in cracking the written test, while the real challenge belongs in the interview, the real-world questions, the confidence, the spoken skill and so on.
It’s true that modern banks have become choosy about hiring candidates and they aren’t happy ‘just with degrees’. They don’t want to invest time and effort on a fresh graduate with good academic background and zero experience. Rather they want someone mediocre student with some practical banking knowledge.
So, before you attend a banking interview, you must know what are some of the most common questions asked by most bankers to ensure you don’t fail after such massive effort. Here are few collected from the faculties of Banking Pathways.
Table of Contents
1. What is KYC and Why is it Important?
KYC (Know Your Customer) is probably one of those most common questions asked by bankers during an interview. A candidate needs to explain what does it mean, what documents are required for an individual or an institute and how the process works.
2. What is the Difference Between a Savings Account and a Current Account?
Most adults have heard about these terms; but most young adults don’t have clear idea about what they are actually, what’s the difference and so on. A savings account is mainly meant for individuals to save money and earn interest. A current account is generally used by businesses and allows frequent transactions without earning interest.
3. What is CASA?
CASA stands for Current Account Savings Account. Banks focus heavily on CASA because these deposits provide low-cost funds that improve profitability. Candidates applying for sales or relationship management roles are often asked this question.
4. What is the Difference Between NEFT, RTGS, and IMPS?
It’s a tricky and difficult question for many young adults who yet haven’t joined the real world and haven’t worked on any real-banking issues. With digital banking becoming common, recruiters frequently test candidates on fund transfer systems.
• NEFT: Transfers are processed in batches.
• RTGS: Used for high-value transactions and settled individually.
• IMPS: Provides instant money transfer facility 24×7.
A basic understanding of these services is expected from every banking candidate.
5. What Documents Are Required for Opening a Bank Account?
This practical question is commonly asked for customer service and operations roles.
Candidates should know that banks generally require:
• Identity Proof
• Address Proof
• PAN Card
• Passport-size photograph
• Mobile number linked for communication
Why These Questions Matter
So, every student must spend enough time preparing these and more like these questions before the actually attend a banking interview. To get into the process before you are late, Apply Now for Banking Pathway’s baking job course.
A little preparation on these core concepts can significantly improve your chances of converting an interview call into a job offer.
