7 Banking Interview Questions You Must Know

The banking industry offers many career opportunities for both experienced professionals and freshers. You have more chances of getting a banking job if you possess the right aptitude, educational qualification, and nicely prepared answers for in-depth skill assessment questions that interviewers will ask you. By designing the solutions well in advance, you can respond effectively and naturally during the banking interview process. Take up a banking course to prepare yourself for banking interview questions.


1. Describe Yourself In Brief

It is the question that all interviewers ask to begin a conversation and get familiar with the candidate. Be positive and start by telling your name, qualifications, and other essential information that an interviewer should know.

2. What Attracts You To The Baking Sector?

It is another common question in the banking sector, as its answer will help the interviewer know the reasons behind your career choice. Please talk about the significance of banking sectors, the growing trends, and their influence in the answer. Don’t share your reasons, such as reputation, salary, benefits, etc. Always answer this question with factual options and explanations.

3. What are The Recent Trends In The Banking Sector?

The quick digitalization of banking systems has considerably impacted the development of the Indian economy. Being a professional in the banking sector, you should know all the developing trends since they will probably affect the service you provide and your future career. The interviewer will ask the question to determine if you know the significance of keeping updated with the changes, remaining competitive, and using the latest technologies to create better customer relationships.

4. What are the Different Accounts One Can Open In a Bank?

Start your answer straightforwardly by providing information that matches the question. The most common bank accounts that one can open in a bank to invest or save money include:

  • Current Account – It is an account for daily transactions. This Account lets users make many transactions daily and withdraw funds without restrictions.
  • Savings Account – Savings Account lets depositors save and withdraw funds while earning monetary interest.
  • Fixed Deposit – A fixed deposit is used by those looking for long-term savings. Investors can earn interest on deposits if the funds are not withdrawn during a specified period.
  • Demat Account– t is used to purchase and store shares in electronic formats. Indians can use a regular Demat Account, while NRIs can use a Repatriable Demat Account.
  • Recurring Deposit Account – This personalized deposit account helps people who have a regular income save a fixed monthly sum while earning some interest.

5. What Are the Functions of Commercial Banks?

The functions of commercial banks include:

  • Provide Loans – It is the most important function of commercial banks. They offer loans to individuals, organizations, and their existing customers. These loans can include car loans, home loans, personal loans, business loans, and more.
  • Accept Deposits – Commercial banks also accept customer deposits as fixed, saving, and current deposits.
  • Offer Locker Facility – A commercial bank offers locker facilities to clients who wish to keep their valuables safely.
  • Securities Exchange – A commercial bank also trades in securities and banks.

6. What Are Payroll Cards?

Payroll cards are smart cards banks offer to enable salary payments between employees and employers. Through payroll cards, employers can load charges on an employee’s card. They can then withdraw their salary even if they don’t have a bank account.

7. What Software Banking Applications Are Available In The Banking Industry?

The most commonly used software applications are:

  • ATM banking
  • Internet banking system
  • Investment Management System
  • Credit Management System
  • Loan Management System
  • Core Banking System
  • Financial Management system
  • Stock-market Management Systems

While it is obvious to get a bit nervous during a banking interview, the key is always maintaining a positive attitude and having full confidence. Your aim should be to convince the interviewer that you possess the knowledge, experience, and skills for the banking sector. A banking course will teach you about all the important interview questions and answers.