Wednesday, October 14, 2009

INTERVIEW QUESTIONS AND ANSWERS

1.DEMAND DRAFT(DD)
Demand draft is a written order for making payments.It is an negotiable instrument.Demand Drafts are comparatively a more secure method of cashing cheque.
A demand Draft is different from normal cheque.The Major difference is that a demand draft does not require a signature for it to be cashed.It is also known as remotely created cheque.
Demand Drafts can be of two types.
(i) Sight Draft
(ii) Time Draft
Sight Draft allows money transfer only when proper documents are produced on sight.
Time Draft allows money transfer after the specified time(a future date).
2.CURRENT ACCOUNT
Current accounts are operated bank accounts maintained for mainly business purpose.
No limit in transactions.It is primarily meant for business man,firms,companies,and public enterprises.
3.CROSS THE CHEQUE
Crossing a cheque means,the cheque can be only deposited to the payee account.This means the payee needs to verify the bank account before cashing the cheque.
4.DIFFERENCE BETWEEN SELF-CHEQUE AND ATM CARDS
The majority of ATMs in our nation has imposed limit in maximum amount you can withdraw on daily basis.Whereas,in self-cheque you can withdraw as much money your bank account permits.You can also use your self-cheque at a different branch of your bank.
5.TRAVELER'S CHEQUE
It is invented for the comfort and convenience of the travelers who usually travel internationally.
6.DIFFERENCE BETWEEN SAVING AND INVESTING
Saving is the result of collection of money from your earnings,while Investing process grows more money from your savings.
7.Total scheduled commercial Banks in India-88
Total Public sector Banks-27
Total Private sector Banks-31
Total Foreign Banks-33
8.IMPORTANT FACTS
The State Bank Of India was nationalised on July 1955 under SBI ACT OF 1955.
Nationalisation of 7 State banks (formed subsidiary) of India took place on 19th July 1960.
The Nationalisation of Banks in India took place in 1969 by Mrs.Indira Gandhi.(14 banks were nationalised).
The second phase of nationalisation took place in the year 1980.(7 banks were nationalised).

2 comments:

esta said...

Hi

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Source: Bank interview questions

Best regards
Henry

JITENDRA said...

HI I AM JITENDRA KUMAR JIGYASU. PLS. TELL ME ABOUT INTERVIEW QUESTIONS OF BANKS.