30 Axis bank interview questions with answers for freshers (2024)

Axis Bank is one of India’s leading private sector banks, known for its robust hiring process. If you’re a fresher seeking a career in banking, preparing for the interview is crucial.

This article provides 30 commonly asked Axis Bank interview questions with detailed answers, covering topics like banking operations, customer service, and personal attributes.

Whether you’re a recent graduate or have limited experience, these questions will help you understand the bank’s expectations and excel in the interview process.

30 Axis bank interview questions with answers for freshers

1. Why do you want to work at Axis Bank?

Sample Answer: Axis Bank is known for its strong values, customer-centric approach, and growth opportunities. I’m drawn to its reputation for innovation and commitment to excellence, which aligns well with my career aspirations.

2. What do you know about Axis Bank’s products and services?

Sample Answer: Axis Bank offers a comprehensive range of banking products and services, including savings and current accounts, loans, credit cards, investment solutions, and digital banking platforms like their mobile app and internet banking. They are also pioneers in introducing innovative services like Thought Factory and Aha! Banking.

3. Explain the term ‘Core Banking Solution’.

Sample Answer: A Core Banking Solution is a centralized software system used by banks to manage their operations and customer records. It enables seamless integration of various banking services, facilitates efficient data processing, and enhances overall operational efficiency.

4. What is the full form of NEFT and RTGS?

Sample Answer: NEFT stands for National Electronic Funds Transfer, and RTGS stands for Real-Time Gross Settlement.

5. What are the different types of bank accounts?

Sample Answer: The main types of bank accounts are Savings Accounts, Current Accounts, Recurring Deposit Accounts, and Fixed Deposit Accounts. Each account type serves different purposes and has specific features, interest rates, and transaction limits.

6. How would you handle an irate customer?

Sample Answer: In such a situation, I would remain calm and listen to the customer’s concerns patiently, without interrupting. I would empathize with their frustration and apologize for the inconvenience caused. Then, I would take appropriate steps to resolve the issue promptly, keeping the customer informed throughout the process.

7. What is the importance of KYC (Know Your Customer) in banking?

Sample Answer: KYC, or Know Your Customer, is a crucial process in banking that involves verifying the identity of customers and understanding their financial activities. It helps banks comply with regulations, prevent money laundering, and mitigate the risk of financial crimes.

8. Explain the term ‘Cheque Truncation’.

Sample Answer: Cheque Truncation is the process of converting physical cheques into electronic images for faster clearance and settlement. Instead of physically moving the cheque across locations, the electronic image is transmitted, reducing the time and cost involved in the clearing process.

9. What is the role of the Reserve Bank of India (RBI)?

Sample Answer: The Reserve Bank of India (RBI) is the central banking institution in India. Its main roles include formulating and implementing monetary policy, managing the country’s currency and money supply, regulating and supervising the banking sector, and promoting financial stability.

10. How would you sell a banking product to a customer?

Sample Answer: To sell a banking product effectively, I would first understand the customer’s specific needs, financial goals, and risk appetite through active listening and open-ended questions. Then, I would explain the product features and benefits clearly, highlighting how it aligns with their requirements. I would address any concerns they may have and provide transparent information to help them make an informed decision.

11. What is the difference between a debit card and a credit card?

Sample Answer: A debit card is linked directly to a customer’s bank account, and the funds are deducted immediately from the account when a transaction is made. On the other hand, a credit card allows the customer to borrow funds from the bank up to a certain limit, and the borrowed amount can be repaid later with interest.

12. Explain the term ‘Non-Performing Asset (NPA)’.

Sample Answer: A Non-Performing Asset (NPA) is a loan or advance that is in default or close to being in default. In other words, the borrower has stopped making principal or interest payments for an extended period, typically 90 days or more.

13. What is the importance of customer service in banking?

Sample Answer: Customer service is of utmost importance in the banking industry. It helps build trust, loyalty, and long-term relationships with customers. Excellent customer service not only ensures customer satisfaction but also contributes to the bank’s reputation and growth.

14. How would you handle a situation where a customer’s account was compromised?

Sample Answer: In such a situation, I would immediately follow the bank’s security protocols and escalate the matter to the concerned authorities. I would reassure the customer that their interests are our top priority and take prompt action to rectify the issue, such as blocking the account, investigating the breach, and ensuring the customer’s funds are secured.

15. What is the role of a bank teller?

Sample Answer: The primary role of a bank teller is to handle cash transactions, including deposits, withdrawals, and cash transfers. They also process routine banking services like account openings, loan payments, and foreign exchange transactions. Additionally, they provide basic customer service and ensure compliance with banking regulations and procedures.

16. Explain the term ‘Interest Rate Risk’.

Sample Answer: Interest Rate Risk refers to the potential risk of losses that a bank may face due to fluctuations in interest rates. Changes in interest rates can impact the bank’s profitability, asset values, and liabilities. Banks must effectively manage this risk through strategies like asset-liability management and hedging techniques.

17. What is the importance of teamwork in a banking environment?

Sample Answer: Teamwork is crucial in a banking environment as it ensures efficient operations, better customer service, and achievement of organizational goals. Each department and employee must work collaboratively, share knowledge, and support each other to provide seamless banking experiences to customers. Effective teamwork also fosters a positive work culture and enhances overall productivity.

18. How would you prioritize tasks in a fast-paced banking environment?

Sample Answer: In a dynamic banking environment, I would prioritize tasks based on urgency, importance, and deadlines. I would create a to-do list, categorizing tasks as high, medium, or low priority. Time-sensitive and critical tasks would be addressed first, followed by less urgent but important tasks. I would also continuously reassess priorities as new tasks arise, ensuring that the most pressing matters are handled promptly.

19. What are the different types of loans offered by banks?

Sample Answer: Banks offer various types of loans to cater to different customer needs, including Home Loans, Personal Loans, Education Loans, Vehicle Loans, and Business Loans. Each loan type has specific eligibility criteria, interest rates, repayment terms, and documentation requirements.

20. Explain the term ‘Net Banking’.

Sample Answer: Net Banking, also known as online banking or internet banking, refers to the banking services provided by financial institutions that allow customers to access their accounts and perform various transactions remotely, using the internet. This includes activities such as checking account balances, transferring funds, paying bills, and applying for loans or other banking products.

21. What is the importance of maintaining confidentiality in the banking sector?

Sample Answer: Maintaining confidentiality is of utmost importance in the banking sector. Banks handle sensitive customer information, including personal and financial data. Breaching confidentiality can lead to identity theft, financial losses, and erosion of customer trust. It is crucial for banks to implement robust security measures, train employees on data privacy, and comply with relevant regulations to protect customer information.

22. How would you handle a situation where a customer’s personal information was accidentally disclosed?

Sample Answer: In such a situation, I would immediately follow the bank’s protocols for data breaches. I would inform the customer about the incident, apologize for the lapse, and provide them with guidance on steps they can take to protect themselves. Additionally, I would escalate the matter to the appropriate authorities within the bank to investigate the cause, contain the breach, and implement measures to prevent such incidents from occurring in the future.

23. What is the role of a Relationship Manager in a bank?

Sample Answer: A Relationship Manager is responsible for building and maintaining strong relationships with high-value or priority customers of the bank. Their primary role is to understand the customers’ financial needs, goals, and risk appetite, and provide tailored banking solutions and personalized services. They act as the primary point of contact for these customers, ensuring their banking experience is seamless and their requirements are met efficiently.

24. Explain the term ‘Loan-to-Value (LTV) Ratio’.

Sample Answer: The Loan-to-Value (LTV) Ratio is a metric used by banks to assess the lending risk associated with a loan. It is calculated by dividing the loan amount by the value of the asset being financed. For example, if a customer is taking a home loan of ₹40 lakhs for a property valued at ₹50 lakhs, the LTV ratio would be 80%. A lower LTV ratio represents lower risk for the bank.

25. How would you handle a situation where a customer was unable to repay a loan?

Sample Answer: In such a scenario, I would approach the situation with empathy and understanding. I would first listen to the customer’s circumstances and reasons for the inability to repay the loan. Based on the bank’s policies and the customer’s financial situation, I would explore potential solutions, such as loan

26. What is the importance of compliance in the banking industry?

Sample Answer: Compliance is of utmost importance in the banking industry as it ensures adherence to laws, regulations, and internal policies. Banks must comply with various regulatory frameworks, such as those set by the Reserve Bank of India (RBI), to maintain integrity, avoid penalties, and protect their reputation. Compliance also helps mitigate risks, prevent financial crimes, and safeguard the interests of customers and stakeholders.

27. How would you handle a situation where you suspected fraudulent activity?

Sample Answer: If I suspected fraudulent activity, I would immediately follow the bank’s protocols for such situations. I would gather all relevant information and evidence without alerting the suspected individuals. Then, I would escalate the matter to the appropriate authorities within the bank, such as the fraud prevention team or compliance department, while maintaining confidentiality. My priority would be to protect the bank’s and customers’ interests and cooperate fully with any investigations.

28. What is the role of a bank’s Internal Audit department?

Sample Answer: The Internal Audit department plays a crucial role in evaluating the effectiveness of a bank’s internal controls, risk management processes, and governance mechanisms. They conduct independent audits to assess compliance with policies, procedures, and regulatory requirements. Their primary responsibilities include identifying areas of potential risk, recommending improvements, and providing assurance to the bank’s management and stakeholders regarding the adequacy and effectiveness of the bank’s operations.

29. Explain the term ‘Cross-selling’.

Sample Answer: Cross-selling is a sales strategy employed by banks and financial institutions to offer additional products or services to existing customers. It involves analyzing a customer’s financial profile, needs, and preferences, and then recommending complementary products or services that may benefit them. For example, a bank may cross-sell a credit card or investment plan to a customer who has a savings account. Cross-selling aims to deepen customer relationships, increase revenue, and provide comprehensive financial solutions.

30. How would you stay updated with the latest trends and developments in the banking industry?

Sample Answer: To stay updated with the latest trends and developments in the banking industry, I would actively seek out relevant information from various sources. This includes reading industry publications, attending seminars or training programs, following thought leaders and experts on social media, and participating in online forums or communities. Additionally, I would stay informed about regulatory changes, technological advancements, and best practices in the banking sector to continually enhance my knowledge and skills.

Axis bank interview tips for freshers

Axis bank interview questions with answers for freshers
Axis bank interview questions with answers for freshers
  • Research the Bank: Thoroughly research Axis Bank’s history, products, services, values, and recent initiatives. This will demonstrate your genuine interest and help you provide informed responses during the interview.
  • Understand the Role: Carefully review the job description and responsibilities of the role you have applied for. Prepare examples from your academic projects, internships, or extracurricular activities that align with the required skills and competencies.
  • Revise Basics: Brush up on your knowledge of basic banking concepts, terminologies, and operations. This will help you answer questions related to the banking industry confidently.
  • Practice Responses: Anticipate common interview questions and practice your responses. Focus on providing clear, concise, and structured answers that highlight your relevant skills and experiences.
  • Highlight Soft Skills: In addition to technical knowledge, emphasize your soft skills such as communication, problem-solving, teamwork, and customer service orientation, as these are highly valued in the banking sector.
  • Prepare Questions: Prepare thoughtful questions to ask the interviewer. This shows your enthusiasm and curiosity about the role and the organization.
  • Dress Professionally: Dress formally and maintain a professional appearance. First impressions are crucial, and your attire should reflect the bank’s corporate culture.
  • Be Confident: Maintain a positive and confident attitude throughout the interview. Speak clearly, make eye contact, and avoid fidgeting or appearing nervous.
  • Emphasize Your Strengths: Highlight your strengths and achievements that make you a suitable candidate for the role. Provide specific examples to support your claims.
  • Follow Up: After the interview, send a thank-you note or email to the interviewer(s), expressing your appreciation for their time and reiterating your interest in the role.

What are the 3 rounds of interview for freshers?

  1. Preliminary Screening: This round assesses candidates’ basic knowledge, communication skills, and overall fitment for the role through aptitude tests and initial interviews.
  2. Technical/Operational Round: Focused on evaluating candidates’ domain knowledge, technical skills, and understanding of banking operations through case studies and in-depth interviews.
  3. HR/Managerial Round: The final round evaluates candidates’ personality traits, cultural fit, leadership potential, and overall suitability for the organization through behavioral and situational-based interviews.


While these questions and sample answers can help you prepare for Axis Bank interviews, remember that actual questions may vary. Use this as a guide to understand the bank’s expectations, but tailor your responses to your unique experiences and the specific role you’re interviewing for. Stay updated on industry trends and practice confidently.

Disclaimer: The information provided is based on research and should not be considered as official or legally binding. It is recommended to cross-verify details from authoritative sources before relying on this information.

Leave a Comment