offer letter from idfc first bank and joining letter PDF

Preview

Summary

i had completed my mba in the year 2018 after that i had taken some time to build my carrier and i take a decision to work in bank...

Description

March 07, 2020

Emp ID: 138693

Chukkapalli Yuva Naga Malleswara Rao Guntur [email protected] Dear Chukkapalli Yuva, We are pleased to extend this letter of appointment (“Letter”) to you as “Senior Officer” within Retail Banking-Retail Liabilities group at IDFC FIRST Bank Limited (the “Bank”). You are expected to join on or before March 09, 2020 (“Date of Joining”) basis the agreement. Your Total Fixed Pay (“TFP”) will be INR.340000/- per annum. The position is currently based at Chennai. Your Compensation Details are as per the attached Annexure. Further, as agreed and accepted by you electronically, your appointment is subject to your abiding to, in letter and spirit, Terms & Conditions of Employment

Code of Conduct

Code of Conduct for Prohibition of Insider Trading for the Bank This appointment is subject to you being medically fit to perform your role effectively. It is also subject to verification, as per the norms of the Bank, of information and particulars submitted (electronically or signed) by you, including but not limited to Authorization / Undertaking / Declaration Form. Please note that you are required to keep the salary & other perquisites / benefits offered to you strictly confidential and not share information regarding the same with anyone. Congratulations on your appointment. We wish you a successful association with IDFC FIRST Bank. Thank You, For IDFC FIRST Bank Limited

Signature Not Verified Digitally signed by JENNIFER LOBO Date: 2020.03.07 21:50:21 +05:30 Reason: Letter of Appointment

Jennifer Lobo Lead - HR Operations I, Chukkapalli Yuva Naga Malleswara Rao, son/daughter of _____________________, resident of ____________(city), do hereby accept the above & confirm/certify that all the information/details submitted by me for IDFC FIRST Bank portal/site/form/ letter to be deemed as certified & attested by me & I take complete responsibility of the same. I agree to authenticate the same with originals as & when the organization requires. • • •

Date of Joining the Bank: PAN number: Email ID: [email protected]

Signature: Employee ID: 138693 Date:

Authenticated by Signature: Name: Employee ID: This is a digitally signed document and does not require physical signature

Classification: Internal - Vendor Shareable IDFC FIRST Bank Limited (formerly IDFC Bank Limited) Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354 Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4564 4000 Fax: +91 44 4564 4022 CIN: L65110TN2014PLC097792 [email protected] www.idfcfirstbank.com

Annexure COMPENSATION DETAILS Employee Name

Chukkapalli Yuva Naga Malleswara Rao

Grade

Senior Officer

Business Unit

Retail Banking-Retail Liabilities

Location

Chennai

Per Month (In INR.)

Per Annum (in INR.)

5667

68000

Flexible Benefit Plan (FBP)1

20867

250400

Annual Guaranteed Cash (“AGC”)

26533

318400

Component Basic Pay

Provident Fund (PF) Employer’s Contribution * Total Fixed Pay (“TFP”)

21600 26533

340000

* As per the EPFO notification dated February 28, 2019 and basis the new PF rules, your PF will be as mentioned herein Notes: •

1 Flexible Benefit Plan (FBP) comprises of HRA, Meal Card, Professional Development Expenses, Communication Expenses, LTA, Bank’s Owned Car / Reimbursement & National Pension Scheme. The employee gets to allocate the pool amount under various components as desired. Tax Benefits will be based on declaration & as per IT law.

•

In addition to TFP, Insurance premium is paid by the bank towards employee’s life, accident & medical insurance. This is a notional premium amount & is not paid in cash to the employee.

•

Gratuity will be applicable as per the Payment of Gratuity Act.

•

The notice pay reimbursed, joining bonus, relocation expenses and any other amounts, if any, paid, at the time of joining would be recovered in full, in case of your resignation/separation (whichever is earlier) within twelve months from the date of joining.

Accepted & Agreed: Signature: Date:

* It may be noted that the Grade, Designation and Compensation Structure offered to you earlier has undergone suitable changes as a result of the merger of Capital First Ltd. and its group companies with IDFC Bank Ltd. However, such changes have not adversely affected the overall gross compensation offered to you vide this letter.

Classification: Internal - Vendor Shareable IDFC FIRST Bank Limited (formerly IDFC Bank Limited) Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354 Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4564 4000 Fax: +91 44 4564 4022 CIN: L65110TN2014PLC097792 [email protected] www.idfcfirstbank.com...