Friday, 2 January 2015

Success Story - Elena - RBI Assistant-2014

Believe in Yourself"

When I started preparation, I used to search Internet so much as to from where to start, I came across various sites and it was then when I found BA.

At the time I started preparation, was a silent observor, I made my disqus profile only about a month back. I am really very happy to be part of BA family, here people welcome new people with open hands, everybody is very helpful, keen to share what they know, it is really a very healthy atmosphere. I enjoyed conducting quizzes here, made many friends, I am thankful to each one of them. Now, I am so much addicted to BA that I cannot resist it for a single day. I keep checking for updates, because they are the best. Thank You for being there BA.

I had always been an average student.
I failed IIT.
I failed AIEEE.
I failed GATE and many of the Technical competitive exams.
I failed many written exams of Banks.
I failed BOB Manipal.
Finally, a success in RBI Assistant. I also cleared IBPS PO written.

Everybody has failures in life, you have to Believe in yourself, have patience, find the right direction, surely you will succeed.

Suggestions for written exam:-

Practice a lot, increase your speed, there is no shortcut, you have to work hard.

For GA, BA gives you a lot, Daily GK updates are lifeline and Capsules are like the ultimate thing which u needed. And if something is left, the BA quizzes will cover it. Trust me, my GA was zero, an actual zero, I worked have to and you will get help if you want to, I got from BA.

Well, I would like to share my interview experience of RBI, it may benefit you for the upcoming interviews.

Interview Experience

Interview Panel had 3 males and 1 female. M1(very senior), M2(youngest among them),M3(senior), F1(young)

Duration-around 30 minutes.

Only 2 general questions were asked at the starting:-
  • Famous place near my father's birth place.
  • Famous person from my mother's birth place.

Rest Interview goes like this-
M1 - Do you know about credit cards and debit cards?
Me-  Yes.

M1 - Tell us cards issued by banks other than credit and debit cards.
Me - I told them about Pre-paid cards and RuPay card launched by NPCI.

M1 - What is International Card?
Me - Enquired whether credit or debit card

M1 - any, let it be debit card.
Me - I told it can be used globally to withraw money....etc. I also mentioned the SBI Multicurrency card...and that we can withraw different currencies.

M1 - He corrected me that it is a travel card. Then he asked suppose you are in new york, you have got an international debit card, can u withraw $1000 per day?
Me - I asked about the daily limit imposed.

M1 - They clarified that limit is $1000 and don't worry you are daughter of Tata, Birla, you have plenty of money in your can u withraw?
Me - I told yes I can withraw then as under limit.

M1 - For 30 much money?
Me - $30000 

M1 - Now u were talking abt multi-currency .....if you want to withraw money in another currency....say if you want money in rupee ...can you?(This question was a little more lengthy, I remember this much only, they twisted more.)
Me - I said no, there it will come in dollars.

M2 - U have heard about the recent limit imposed on atm transaction, what is it?
Me - I told.

M2 - Is it good or bad.
Me - I said good.

M2 - Why?
Me - Because Banks also have to spend in maintenance of ATM's, so a limit is appropriate otherwise people misuse and banks are unable to recover their spendings.

M2 - Functions of RBI
Me - I told 6-7, he kept on asking.

M2 - U must have heard financial inclusion, what is the purpose.
Me - I told....including PMJDY.....all about it.

M2 - So do u think just opening an account will help a poor who is earning 20-30 rupees a day.How is he benefited?
Me - I told it inculcates habit of saving, provides insurance coverage,etc.

M2 - (he kept on asking, he was specifically waiting for something...and then gradually I got)
Me - They can get loans from banks.(His expressions changed, I got this was what he was waiting for). I continued, it is a very important point. Loans from banks can help a person start his business or help in agriculture.

M2 - What is White Label ATM?
Me - I NBFC....licensed by by Muthoot finance...

M2 - how different from other atm's
Me - Told.

M3 - You are from Electronics branch, do you know about Electronic Transaction? Explain.
Me - I told......also about NEFT, RTGS.

M3 - Asked difference between NEFT and RTGS, their limits.
Me  -told

M3 - You said as a function of RBI, Banker to Banks. Ellaborate.
Me - I told it provides loans to other commercial banks and also regulates them. Explained CRR, SLR.

M3 - Does  any interest is payed by RBI for keeping deposits from banks in accounts opened with RBI
Me - I tried to explain Repo and Reverse Repo.

M3  -I am not talking about short term.
Me - Then I said no, it doesn't provide.

M3 - Tell me recent news related to RBI
Me - (I have read newspapers and knew also but don't know y at that tym was not remembering any.....jst remembered one) Recently RBI has relaxed gold import norms. It has removed the previous 80:20 scheme.

M3 - Why on first place these norms were applied.
Me - I answered something in 1 line(he was satisfied, sahi hi hoga)

M3 - (but he expected more) asked one more question I didn't knew.
Me - Sorry Sir, i don't know much about it.

Then M3 asked F1 if she wanted to ask something, she said no, so they said Thank You. you may go now.

I thanked them and came out.

Suggestions for Interview:-
  • Be Confident. Little nervous is ok, but try to be calm and confident.
  • Be polite, never argue.
  • Admit politely if you don't know something.
  • Newspaper please padkr jao....and revise krlo headings...specially related to business and RBI...meine pada tha phir bhi bhul gyi thi nervousness mein.

Wish You all a Very Happy New Year!!!
May all your dreams come true.

- Elena

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