Banking Viva: General Banking:
Candidate: Assalamualikum, May I Coming Sir
Board: Walikumassalam, Yes, Please take your sit
Board: What are your job responsibilities in the branch?
Candidate: I am General Banking In-charge in the branch
Board: Very good, Tell us Functions of General Banking?
Candidate: The functions of General Banking include Account Opening, Update, Closing; Dealing with Cash Management, BACH/Clearing House related activities, Cheque Book Issue and Deliver, Locker Service, Fund Transfer (e.g. RTGS, EFT etc.), Pay Order Issue, Demand Draft Issue, Dealing with Bank's Deposit Products, Receive Positive Pay and Stop Payment Instruction, and more.
Board: What is Deposit Mix?
Candidate: When a bank's total deposits segmented into different deposit products is called Deposit Mix. In Deposit Mix, bank's all deposit products are combined that is Deposit Mix is the combination of Current Deposit, Savings Deposit, Term Deposit and other deposit products.
Board: What is Ideal Deposit Mix?
Candidate: Ideal Deposit Mix is the state where 15% deposit is Cost Free among total deposit
Board: Can you tell us about Cost Free deposit?
Candidate: Yes Sir, they are - Current A/C Deposit, Pay Order, Demand Draft, Sundray Deposit, TT Paybale, etc. For Cost Free deposit bank does not have to pay profit/interest against such deposit
Board: What is Cheuqe?
Candidate: As per the Negotiable Instruments Act, 1881 (N I Act 1881) - A "cheque" is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.
Board: What are the post-dated, antedated, and stale-dated cheques?
Candidate: A post-dated cheque is a future dated cheque; it is a regular cheque which has validity for placement/payment. An antedated cheque is previous/earlier dated cheque. The date yet not fall/arrive for payment/honour of the Cheque in the cash counter. A Stale Cheque is an outdated cheque that is six (6) months already passed/gone after the given date on the Cheque. The government cheque has three (3) months validity, after three months of given/putted date on the Cheque, the Govt. cheque will expire/stale.
Board: How many parties in a Cheque and what are they?
Candidate: Three parties, they are - Drawer, Drawee (Bank), and Payee
Board: What is Legacy Account?
Candidate: The Accounts which opened before 30 April 2002.
Board: What extra document needed for Public Limited Company?
Candidate: Certificate of Commencement of Business
Board: Good, you may come
Candidate: Thank you sir.
Published Date: 29/07/2023
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