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    Offer Letter Axis

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    girimpatil123
    This is the format of offer letter form Axis Bank

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Offer Letter Axis

    Uploaded by

    girimpatil123
    10 views2 pages
    This is the format of offer letter form Axis Bank

    Copyright

    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    This is the format of offer letter form Axis Bank

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    10 views2 pages

    Offer Letter Axis

    Uploaded by

    girimpatil123
    This is the format of offer letter form Axis Bank

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 2

    CTC Annexure

    Em olum e nts and Be ne fits for the grade of As s is tant M anage r (for Giris h M aliPatil)
    COM PENSATION P.A. (Rs ) P.M . (Rs )

    Basic 1,13,400.00 9,450.00


    Basket of Allow ance 2,10,600.00 17,550.00
    Bank's PF Contribution 21,600.00 1,800.00
    Gratuity * 5,460.00 455.00

    Location Pay # 17,010.00 1,418.00


    Total Fixe d Pay 3,68,076.00 30,673.00
    Be ne fits :
    Group Mediclaim Policy and Term Life Insurance 8,100.00 -
    Loan Benefits 69,084.00 -
    Total Fixe d Pay + Value of Be ne fits 4,45,260.00 -
    # - Loca tion Pa y is dependent on the posted location of the employee and is liab le to change in case an employee is transferred to
    some other location sub sequently.

    Details of Benefits
    Loan Be ne fit Eligibility
    Loan Am ount (in Rate of
    Type of Loan Eligibility Re m ark s
    Rs .) Inte re s t

    For takeover loans, the repayment w ill be 240


    Upon 4%
    Hous ing Loan 20,00,000.00 months or the balance service period (in
    Confirmation (Compound Int.)
    months) left, w hichever is less.

    For takeover loans, the repayment w ill be the


    Upon 6% residual period of the original sanction term, or
    Ve hicle Loan 2,00,000.00
    Confirmation (Simple Int.) 120 months, w hichever is less, w ith Principal
    and Interest instalments in the ratio of 7:3.

    Note : Loan be ne fits cannot be e ncas he d if not availe d.


    Ins urance De tails
    Type of Ins urance Ins urance Cove r (in Rs ) Re m ark s

    Group M e diclaim Employee plus 3 dependants are covered under the floater policy.
    4,00,000.00
    Ins urance Policy Additional 2 dependants can be covered for an additional premium.

    Group Te rm Life Only employee is covered, a part of the annual premium is borne by
    35,00,000.00
    Ins urance Policy the employee
    The Insurance coverage under all the above policies w ill be available subject to completion of all formalities in connection w ith your
    appointment and fulfillment of requirements of the Insurance Company.
    M obile Be ne fit
    You w ill be eligible for mobile reimbursement (Including Data Service) as per company policy.
    Gratuity *
    You w ill be eligible for gratuity payment as per the provisions of The Payment of Gratuity Act i.e. after rendering five years of continuous
    service w ith the Bank or any of the group entities.
    Provide nt Fund
    The Bank w ill contribute an amount equivalent to the prescribed rate tow ards Provident Fund. An equal amount w ill be deducted from your
    salary and paid to the Provident Fund Trust of Axis Bank Limited.

    Voluntary Provide nt Fund (VPF)

    The Bank has a voluntary provident fund scheme w herein you w ill be eligible to voluntarily contribute to the Provident Fund Trust, in
    addition to the statutory requirement. Such contribution is eligible to earn the same rate of interest as statutory contribution.
    Othe r Be ne fits
    Pe rform ance Bonus
    Performance linked bonus pay / Annual Incentive Plan/ESOPs (as applicable), w ill be paid/given as per the
    / Annual Ince ntive
    Company’s policy, subject to your being a confirmed employee as per the current year policy. The payouts w ill
    Plan (as m ay be
    be based both on individual performance and organization’s performance.
    applicable )

    Digitally signed by DS AXIS BANK 1


    Date: 2021.06.14 21:29:02 +05:30
    Reason: LOI
    Location: mumbai

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