I want to transfer money to my friend's account at night. Is it possible to do so? If yes, how? If no, why not
Panel: I
Interview Time: 8:30 AM
My Interview time: 1:00 PM
Venue: Bank of Maharashtra,Next to Bombay Stock Exchange,Near RBI headquarters,Bombay Samachar Marg, Fort, Mumbai-400001
Interview Panel: 5 (One lady)
Actual Interview:
M1: What is your height? Is it 6 ft?
Me: Yes Sir, it is 6 feet 1 inches
These are the question which was asked to me:
Tell me about yourself
Your fathers and mothers occupation
Family background
Why banking?
Your job?
Your current package?
What is NPA? Types of NPA?
Is Vijay Mallya Willful defaulter?
What is CBS?
What database is used in CBS?? (*$%% confused could not answer properly)
Which is the robust database that could be used in CBS?
What is primary and secondary key?
Again they asked why banking?
How your present job profile will be useful in banking?
Thank you !
Had any1 faced interview @Varanasi...
what is difference between gst and vat?
please throw some light on make in india
Is itt worth applying LIC AAO @phyllo @maheshj @arya @pkumar5 @gato and al members , wen les no. Of seats ??
If a drunk man come to bank, does d bank allow to deposit or withdraw money ??
Do we need to carry any resume? do we need to fill any form there?
Help! why vat is being replaced by GST ? what is GST ? somebdy throw some light on this......
what is PAHAL ??
The world's largest cash subsidy under the Direct Benefit Transfer Scheme was re-launched by the Union Government in November 2014 in 54 districts and is extended all over the country with effect from January 1, 2015. The scheme was launched for the consumers of Liquid Petroleum Gas (LPG). The modified scheme is referred to as Pratyaksh Hanstantarit Labh or PAHAL DBTL (Direct Benefit Transfer of LPG).
What is PAHAL DBTL?
The PAHAL DBTL ambitious scheme was earlier launched on June 1, 2013 by the previous Government with the objective of giving cash subsidy on cooking gas and it covered 291 districts. The present government has comprehensively examined the PAHAL scheme and after reviewing the problems faced by the consumers, it modified the prior scheme and re-launched it in 54 districts on November 15, 2014 to cover 2.5 crore households. The second phase of this revised scheme started on January 1, 2015 to cover all the districts of the country. Under the previous scheme, it was mandatory to have the Aadhar number for all consumers who want to receive the LPG subsidy. However, this was a big problem for consumers who did not have the Aadhar card, which meant that they could not avail the subsidy.
How to receive LPG subsidy?
However, the new scheme has made available the LPG subsidy to all consumers. Under the modified scheme, the consumers who use LPG can now receive subsidy in his bank account under two options. Such a consumer who joins the scheme will be called Cash Transfer Compliant (CTC) and he can receive subsidy in the bank account.
Option 1
With Aadhar: If the consumers have their Aadhar numbers, then they have to get the number linked to the bank account to receive the subsidy.
Option 2
Without Aadhar: If a consumer does not have his Aadhar number, he can get the subsidy by linking his bank account with the LPG connection ID. This can be done in two ways:
- The LPG distributor should get all bank details (account holder's name, account number, and IFSC code) of the consumers who want to get LPG subsidy from his location. All information will be captured in the LPG database.
- The bank should have all the information of the LPG connection of the consumer. This includes the 17 digit LPG consumer ID.
While the first option is known as the primary option, the second option is referred as the secondary option. In fact, the primary option of having an Aadhar number is the best option to avail the subsidy and hence recommended to all. Now, those consumers who have already registered themselves under the previous scheme need not register their information again with the LPG distributors. They will receive their subsidy directly in their bank account.
Benefits of PAHAL
There are three bodies which are going to be benefited by the PAHAL scheme:
- For LPG consumers: All consumers using LPG cylinders will get cash subsidy to buy 12 14.2-kg cylinders or 34 5-kg refills. The amount of money which is equal to the difference between the present subsidised rate and the market price is automatically transferred to the bank account of the consumer, when he or she makes the first booking for a cylinder. However, this is possible only after joining the scheme. When the consumer takes the delivery of the cylinder, another advance subsidy is transferred to the bank account.
- For Government: This scheme will reduce or prevent the unauthorised sale of LPG cylinders at higher rates. The purchase of multiple gas connections will be prevented. Accordingly, the subsidy burden for the Government will be reduced.
- For oil marketing companies (OMC): The LPG gas distributors won't have much burden of sending the cylinders to the intermediate gas suppliers. They will be in direct contact with their consumers, thereby building a good customer relationship. Multiple unauthorized connections won't be provided. The OMCs will be able to ensure that the consumers receive the LPG gas at one fixed rate and do not have to stand in long queues if they had made the booking well in advance.
Grace period
Those consumers who are not yet in the CTC bracket will be given 3 months time from the date of launch of PAHAL to become CTC. During this period, such consumers will need to buy the LPG cylinders at the market rates but they will receive the subsidised amount in their bank account once they become CTC consumers.
Parking period
After the grace period of three months, all non-CTC LPG consumers will get another three months time as Parking Period. In case a consumer does not become CTC during this period, the parked subsidised funds will lapse and consumer shall become ineligible to receive subsidies till the consumer becomes CTC. When non-CTC consumers become CTC after the parking period, they will get one time permanent advance and total cash subsidized cylinders in that financial year.
Permanent advance
Once a consumer becomes a CTC after joining the PAHAl scheme, a one-time advance will be given to him or her. This is known as the permanent advance and will remain fixed for a financial year. This amount will remain with a CTC consumer till the time he has the gas connection. LPG consumers who have the permanent advance on a previous scale will not be paid for any extra payment on account of the revision in the permanent advance.
Things to remember
- All consumers need a bank account to join the scheme.
- One time permanent advance will be received by the consumers in their bank account, before they buy the first market priced LPG cylinder
- The subsidies will be debited to the consumers' bank account according to their entitlement of subsidized cylinders.
- The consumers who have joined the scheme will get cylinders at subsidized price for three months from November 15, 2014 to February 14, 2015.
- The consumers will get LPG cylinders at market price for the next three months, but the subsidy amount will be given back to them if they join this scheme before April 14, 2015.... ATB 👍
At present No of Nationalized Banks in India?
Haven't started prepartion. Can some provide useful links for the same?
Also have enrolled in TIME for WAT/PI for cat from this weekend.
Interview experience :
Name: Nishant.
Date: 20th january
Panel : II
Location : Dena bank bhavan, Ahmedabad
Time: 8:30 AM
Document verification Was done is 5 minutes and my number was 4th in the list.
Tea and snacks were provided for refreshment of the candidates and all the officials of dena bank were very cordial and helpful.
Documents was needed to be arranged as per their given sheet with originals.
My Documents verification was completed at 9:40 AM (only 5 mins).
Then they asked four of us to go for interview.
1st candidate to 3rd candidate, interview run only for 10 mins.
My interview time duration : 15-16 mins.
While entering in the room, (Panel II - 3 males and 1 female)
Panel Member 1 : Nishant, right ?
Replied : yes sir.
Panel member 1 : come in and have a seat.Good morning nishant (all other 3 were also greeted me)
Replied: Good morning sirs and madam.
Panel member 1 : So nishant, You have done B.tech and then MBA, Do not you think you have more degrees than required ?
Replied: As per my view, having higher degree should not be judged.If a person is capable of doing required job, then he is qualified.Degrees and Post graduations helped to do the job much better. ( he asked me the question here.)
Panel member 1: You have plenty opportunities i think , in dairy technology.Why you left it ?
Replied: I was never into that field while graduation.As i was pursuing it, i couldn't leave it in between otherwise my career might get ruined.So i had decided to change the graduation field by doing MBA at that time.So i have done MBA in marketing and HR specialization from Ahmedabad university. i added here that, i have joined one organization as sales coordinator which was private company in gandhinagar. but i was not 100 % in that job and felt insecure.As my father is bank, that also motivate me to come in banking sector.I have tried in IBPS 3 times before as well.
Member 1 : so you were not passed in the previous exams ?
Replied : I have cleared this exam last year but i was not satisfied by my performance.besides, i have not considered preference list seriously which was my mistake So i applied again to get into my desired organization with new preferences.
Member 2 : no you will be given any bank out of this of your choice.. (here they were fighting like, who is right.. they told me that preference is not a issue.).You have mentioned ECGC.
Replied : No sir, it is necessary to show your preferences, for example.. IBPS will consider those candidates for ECGC who have given it a first preference, as it has only 30 seats, not like that 1000th rank candidate will get a chance.
Lady member (interrupted me and members) : Yes he is right, only top 30 who have given ecgc, they will be allotted it.
Panel member 1: hmm... so now tell me what is marketing as in banking ?
Replied : marketing is everywhere.it is consumer awareness department of any organization.You can use word of mouth, TV advertising for marketing of you bank products, If you put hoardings at different sites, like at roads, posters then it is marketing, if you just show people you logo, then it is branding... If you show ad that your bank is giving deposits interest at 8.9 % then it is marketing.
panel member 1: stopped me at my answer and asked, you should go in marketing as it is your expertise ?
Replied : I don't have that much good communication skills, i have hearing issues which restrict me from marketing field.Also in marketing job, one need to go to the field, cause getting marketing job is not tough.Every organization want persons for selling their products and i never wanted to go for it. Thats why i have joined the company where there is not field work.
Panel member 1: Tell me something about dairy science, your graduation?
Replied : Dairy technology is Based on milk and milk products. GCMMF (Gujarat cooperative milk marketing federation) which is headed by vipul chaudhary, AMUL brand is Runs under it.There is a separate dairy named " Vidya dairy " for only students, where one learn about how to make milk and milk products, Ice creams etc practically.Bringing milk in the silos (silos are for storing the milk in dairy), then processed it.. to make SPM(standard pasteurized milk), Toned milk , double tone milk.
Then he stopped me and now panel member 2 :
Question : Now, nishant tell me.. what will you do to start a unit with 25 cattles with help of bank ?
Replied : first of all, i will find best cattle breeds and for that i will contact farmers.To start any unit, i need finance, to bring the milk from that cattle's, i will arrange tankers and work men.TO make unit, i will need a land.So here bank can help me by providing finance to established the unit...
he stopped me here... how will you select cattle's ? direct 25 or in batch ( conversation was done in HINDI as he asked me in HINDI) I told that i will prefer in batch,
i don't have that much money (with smile) He also smiled and told me to leave it
and transfer me to panel member 3:
Question : What are banking products ?
replied: Deposits of public, loans, advances, etc...
Question : How will you sell this products if you will be allotted rural branch ?
Replied : I will analyse the area as i am right now working in rural branch, i will contact tea vendors to spread the word of mouth for banking products. I will put posters in local languages to attract local public.And also sell the loans...he stopped me .... and asked : What types of loans you can offer to them in rural ?
Replied : Housing loan, Land Loan, Overdraft facility etc..
Question : What is lactation period ?
Replied : i don't know.I mean i have heard this word but i do not have sure answer. He told me that i should know that as i have done B.tech.
Now the last 4th member (lady member): (total conversation was in GUJARATI)
Question : Where are you working ? which bank ?
Replied : Oriental bank of commerce,naranpar branch,bhuj.
Question : So who are your customers ?
Replied : This village have many NRI people with general public. Question :What types of NRI accounts are there ?
Replied : There are NRE and NRO accounts.Non residential rupee account and non residential ordinary rupee account.
Question : what is d difference between them ?
Replied: NRE : opened by only NRI, Remittances can be done to other NRI account only from abroad as well. where as in NRO : You can remit from any account.
Question : total deposits in your branch ?
Replied : Around 100 lakhs a year.(they were saying no its less) Then they look at each other and told me thank you. then again other members greeted me thanks and i replied with thanks and left the room.
P.S. : This was my encounter for PO interview.All the best to all of you.I hope this will help you.Sorry for grammatical errors if you find.
😛 👼
Capital account and its constituents???????
FOREX RESERVES AND HOW ITS DYNAMICS EFFECT ECONOMY???
I need to study BASEL norms....Any link in which this is explained from basics ?
what is the best answer to the question "why bank after btech"??
could we discuss some thing about it...give your valuable points plz!!!
explain different between cash credit and overdraft?How limit on cash on credit is decided?
guys who are done with the interview, are the asking for gap certificate?