Banking Interview Questions for IBPS PO: Important Questions and Answers 2021

Institute of Banking Selection Personnel organisers Bank PO exam every year for the selection of candidates for the required vacancy. Those who successfully clear the mains exam are called for a personal interview this personal interview AIIMS to access the capability and the potential of the organizer’s recruits

In this article, we will cover all the aspects of the Banking interview as well as important banking interview questions for the IBPS PO exam 2021.

IBPS PO Interview

Candidates will be called for a personal interview after they pass the IBPS PO mains exam. The interview would be conducted by the participating organization and would be coordinated by the nodal Bank of the respective state or union territory.

The interview will be conducted at the respective centres of the candidate and the candidate will be informed about the centre address time and date of the interview in a call letter. Candidates can download their call letters from the official website of IBPS

The interview would carry total marks of a hundred and the minimum qualifying marks would be no less than 40% and 35% for SC ST OBC PW BD candidates full stop scoring high in an interview is very important as it carries 20% off marks for the total score. The candidates would be selected based on the total marks obtained in the mains exam and interview.

Also Read: What is PO’s Job Profile and Responsibility in ICICI Bank? Get to Know the Insights 

Important Documents for the IBPS PO Interview

# Printout of the official call letter.

# Printout of the online application form.

# Birth certificate issued by the municipal authority or 10th certificate with date of birth.

#Photo identity proof can be anything for instance Aadhar card, voter ID card, etc.

#Original and photocopy of the mark sheet of the graduation or equivalent degree.

# A Caste certificate issued by the government authority in case of belonging from SC/ ST/OBC or any other minority group.

# An income and asset certificate issued by the authority of the Government of India in the case of EWS category candidates.

# Disability certificate in the case of a candidate with a benchmark disability.

# If a candidate is availing reservation under ex-servicemen then he has to produce his service for discharge book along with pension payment order or document proof of the rank last.

Note: if a candidate fails to produce the relevant eligibility document he would be not allowed to appear for the interview.

Important Topics for IBPS PO Interview 2021

The interview consists of 2 types of questions, the first being in which personal questions would be asked and in the second part, subject related questions would be covered. Let’s see those topics in detail.

General IBPS PO Interview Questions

# Introduction: in this type of question you have to introduce yourself in front of the interviewer or the panel.

# Surroundings: in this type of person you would be asked about your native place, hometown, and also about the place where you currently live.

# Hobbies and Interest: in this part candidates will be asked questions about their hobbies and interests.

# Role model: you have to describe your role model with a brief description of the reason why you like them.

# Strength and Weaknesses:  Then the interviewer would ask about your strengths and weaknesses.

# Career Prospects: This part will contain general questions about your carrier’s HS. Where do you see yourself in 5 years from now or do you want to join the banking sector?

Also Read: IBPS PO Exam Date 2021: Everything You Need to Know about Bank Exams in India

Subject Related Questions: Banking Interview Questions

This will include questions about your educational background, career expectations, banking awareness, and current affairs.

General Questions: Bank PO Interview Questions and Answers

#1. Tell me about yourself?

#1. Good morning/afternoon sir or mam, I am [your name] I have graduated from [University] in [degree]. I belong from [your city or hometown].

#2. What do your parents do? How many members are there in your family?

#2. My father is an Engineer in the HCL group and my mother is a professor. I have two siblings, one elder sister, and one brother.

#3. Where is your hometown? And what is special about your hometown?

#3. I belong to the native town of Uttar Pradesh, Allahabad. Allahabad is also known as Prayagraj and is famous for Kumbh Mela. It lies beside the confluence of three rivers, Ganga, Yamuna, and Saraswati.

Note: Here we have taken an example of a city. You can add the name of your city and mention its speciality.

#4. Who is your role model and why?

My role model is Dr Bhimrao Ambedkar. He is the man who drafted the constitution in the constituent assembly. He belonged to a small caste and had to face a lot of discrimination. Yet he didn’t lose hope and devoted his life and family to mend the future of the upcoming generation.

#5. Tell me about your strengths and weaknesses.

#5. My Strengths are Quick learning, striving towards perfection, smart work, and dedication. Also, I stay motivated throughout the time and look for solutions for every problem. And for my weakness, I have a bad habit of taking multiple tasks at a time and then struggle to complete them.

#6. Why do you want to work in a bank?

#6. In India, banks are considered to be one of the fastest-growing sectors. It provides a better environment, better growth opportunities, and handsome salaries for its employees.

#7. Why should we select you?

#7. I have a bachelor in management and hence I can manage customers well. Moreover, I have excellent communication skills that will help me to communicate with the customers and understand their issues. I also have great leadership qualities that will help me to organize my team well and help them to work efficiently.

#8. What are your hobbies?

#8. In my leisure time, I love to do many things to stop but if I have to speak specifically about my hobby then I would like to mention three of them, dancing, reading, and painting. Dancing helps me to move my body and fulfil the daily exercise requirement. Reading books helps me to widen my horizon and take my imagination to the next level. And from painting, I can use my creativity to create a masterpiece.

Also Read: Bank PO Salary in India: Important Details Including Exam Pattern, Salary, Perks & More

Subject Related Questions: Bank PO Interview Questions and Answers

Technical Or Education Related Questions

#1. Tell me about your educational qualifications.

#1. I have graduated with a Bachelor of Arts in Economics from Delhi University. It is an interesting subject as it deals with the economic trade between humans. It is broadly divided into two parts: microeconomics and macroeconomics. Microeconomics deals with the economics related to an individual whereas macroeconomics deals with the economics of a nation as a whole.

#2. What is Demand push Inflation?

#2. Demand push inflation is inflation caused by the increase of data demand for a product in the market. It occurs when the demand for a product rises from the supply of a product and hence the cost of the product rises.

Career Related Questions

#1. Where do you see yourself in5 years from now?

#1. I see myself as a successful banking employee in the XYZ Bank. Five years from now I would see myself as improved, skilled, and professional from what I am now.

#2. What are the roles and responsibilities of an IBPS PO?

#2. A PO is a supervisor of the clerks. He is responsible for their activities and works. Also, he is responsible to attend and solve customer complaints with the bank services. He is also assigned with duties regarding the works of Banks. Last but not the least, he is responsible for updating the Bank with the latest trends.

Banking Awareness and Current Affairs

#1. What is an NBFC?

#1. NBFC stands for a non-banking financial company. It is a company registered under the companies act 1956 and is engaged with the business dealing with loans and advances acquisitions of Government or local authority’s shares, stocks, bonds, debentures, or security.

#2. What is a Demat account?

#2. A Demat Account is an account that helps you to buy or sell stocks without any paperwork. It is similar to the bank account but only money is replaced with the shares.

#3. What is the RuPay card?

#3. Rupay card is an Indian domestic card launched by the Indian government to reduce the use of foreign cards like Visa and others.

#4. What are NPAs?

#4. NPAs stands for Non-performing assets. It is an asset or account of a borrower that is classified by the bank as doubtful, sub-standard, or loss assets. This includes loans in arrears when principal or interest payments are missed.

#5. What are the functions of the RBI?

#5. The central bank of India is the Reserve Bank of India and was established on 1 April 1935. The current governor of  RBI is Mr Shaktikanta Das from March 2021. The main function of the RBI are:

# Issue of Currency

# Banker of the government

# Custodian of Cash Reserves of commercial banks of India

# Lender of last resort

# Credit controller

#6. What is the Right to Information Act?

#6. The Right to Information is an act passed by the Parliament of India. It states the rules regarding the citizens right to information. It implies that any citizen of India can request for information from any public authority.

#7. What is NABARD? What is its purpose?

#7. NABARD is an apex development bank that is authorised to provide and regulate cash flow and credit creation for the development of agriculture and other small scale industries of rural areas.

#8. What is the bank rate?

#8. Bank rate is the rate charged by the Central bank on the loan lent to the commercial banks.

#9. What is Pradhan Mantri Jan Dhan Yojana?

#9. Pradhan Mantri Jan Dhan Yojana is a financial inclusion program by the central government to promote the opening of bank accounts and ease the ability to access financial services. This financial inclusion was launched by the Prime Minister of India Narendra Modi in 2014.

#10. What are the effects of COVID in the banking industry?

#10. COVID has a drastic effect on every industry including banks. The pandemic has left people unable to repay their loans and thus negatively affected the profit and bank capital.

Moreover it has negatively affected bonds and other financial instruments. It also has affected lower non-interest revenues, lower capital buffers and many more.

Also Read: Upcoming Bank Exams 2021-2022: Top Bank Exams in India 2021

Conclusion

For more such Bank PO preparation tips and materials you can visit UPSC Pathshala. This website also provides a course that can help you to ace your Bank PO exam. Register yourself for this specially designed course by our expert mentors.

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Banking Interview Questions for IBPS PO: Important Questions and Answers 2021

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Are you ready for IBPS PO Interview? Here are some important Interview Questions for IBPS PO 2021. Click to read more all-important Interview questions with answers.

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Deeksha

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UPSC Pathshala

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