Ref: AXISB/HR/REC/CO/ABYBP/032012B-274 Date: 13 February 2012

Mr. Raj Kumar

B.I.E.T BOYS' HOSTEL,KALPATARU BLOCK,ROOM NO-5,DAVANGERE,KARNATAKA-577004

Davangere 577004

Karnataka

Contact No: 8088010198/ 0612-2214741

Email ID: rajsonblue@gmail.com/ rajosonblue@gmail.com

Test ID: LK-175 AMCAT ID : 11540004971194

Dear Mr. Raj Kumar,

LETTER OF ADMISSION TO AXIS BANK YOUNG BANKERS PROGRAM CONDUCTED BY MANIPAL GLOBAL
EDUCATION

This is in reference to your application to the Axis Bank Young Bankers Program being conducted
in association with Manipal Global Education for a Post Graduate Diploma Course in Banking
Services awarded by Manipal University.

We take pleasure to inform that subsequent to the selection process, you have been found
successful for admission to the said program.

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Your admission to Axis Bank Young Bankers Program will be subject to the following conditions;

a. Your fulfilling the prescribed eligibility criteria i.e. prescribed age between 21years to 24 years
of age as on 01-Jan-2012 and the basic educational qualification of Graduation.

b. Your being found medically fit

c. Submission of documents/ certificates as listed in the Annexure C in original along with 2 sets
of photocopies self-attested, at the time of reporting to the Manipal University Bangalore
Campus .

The above referred certificates / documents / information submitted by you shall be deemed to
be material for the purpose of this admission. If any of these certificates, documents, information,
statements, claims are found to be false or incomplete; your admission is liable to be terminated,
forthwith as having been secured on misrepresentation / suppression of facts.

d. While in the Program you will be eligible for a Stipend as mentioned below;

 During the 9 months of on Campus training: Rs.3000/- per month

 During the 3 months of Internship at Axis Bank Branches: Rs.12000/- per month

e. The course fees payable to Manipal Global Education, for this one year Full-time Post
Graduate Diploma Course is Rs. 3,00,000/-(Rupees Three lakhs) plus service taxes as applicable.

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The said fees will be payable to Manipal Global Education in three equal installments at the
beginning of each trimester.

At the time of admission, therefore, an amount of Rs.1,00,000/- (Rupees One lakh) plus
applicable taxes of 10.3% amounting to a total of Rs.1,10,300/- will be payable, immediately.

The fee amount is all inclusive, covering course fees, course material, boarding and lodging
during the nine months on-campus period but exclusive of any out-of-pocket expenses.

For the 3 month internship period you will be posted at any branch of Axis Bank across the
country. During this period the stipend of Rs. 12000/ per month, all inclusive will be paid to you.

Kindly note that no refund of the course fees will be permissible in any circumstances, as notified
by Manipal Global Education.

The account details and payment method for paying these fees is mentioned in ANNEXURE B

attached to this letter. You will need to specifically accept the terms and clauses mentioned in
this letter.

f. As a Part of the Axis Bank Young Bankers Program, you will be bound by the Code of conduct
and Rules of the Program. These will be applicable to you both on and off the Campus.

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A copy of the Student Handbook will be provided to you. The Important rules that govern your
stay in the campus and as a part of the program are explained therein. Any other applicable
rules will be displayed on the notice boards for the students on the campus.

g. In case you are unable to complete the course / unable to pass all the subjects / unable to
get the required credits as stipulated within the one year course duration, this offer of subsequent
appointment with Axis Bank, shall stand withdrawn automatically. Any additional expenses
required to be incurred in appearing for repeat attempts will have to be borne by the
candidate, with no commitment of appointment to the Bank.

h. In case you are unable to complete the course for any reason, you will be liable to make
payments towards the Fees and other academic charges for the entire course to Manipal Global
Education. Axis Bank will not be liable for any payments or claims in this regard.

i. After successful completion of the said course under Axis Bank Young Bankers Program, you will
be appointed in the Bank in the position of Assistant Manager and posted at any of the Branches
of Axis Bank, with an indicative CTC (Cost To Company) of Rs. 3.42 Lakhs per year. This CTC is
inclusive of Retrial’s, Performance Bonus and Staff Loan Benefits. Details Breakup of the CTC
mentioned above is attached in Annexure A. You are requested to please read the same carefully.

Kindly note that your Provisional Appointment letter has the full details of the terms and
conditions of your subsequent employment with the Bank. This letter is being sent to you
separately, by email itself.

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Successful completion of the Axis bank Young Bankers Program implies fulfilling of the following
conditions;

o Completion of the, 9 months of classroom training and 3 months of Internship, leading to the
conferring of a Post Graduate Diploma in Banking Services, by Manipal University.
o All papers of all 3- Trimesters need to be necessarily passed within the one year course duration
only.
o Satisfactory conduct throughout the program.

Upon completion of all the above conditions you will be given a Letter of Appointment with the
details of your posting to a Branch and your exact compensation breakup. Your joining in the
services of the Bank as per the Bank’s records for purpose of your employment with us will be
considered as the next working day subsequent to your course completion.

Kindly note that you are required to convey your acceptance to this admission letter on or before
15th Feb 2012, by email to the Email ID: harshad.pai@axisbank.com, with your Letter Ref no: and Full
Name.

In case we do not receive your acceptance to this letter by the said date, the admission to the
said program shall be withdrawn without any recourse to you.

For any further information / clarifications feel free to contact:-

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Mr. Harshad Pai

AVP. Human Resources

AXIS House, 6th floor, P.B. Marg, Wadia International Centre Worli, Mumbai- 400 025, India.

Email Id : harshad.pai@axisbank.com

We at Axis Bank wish you success and look forward to your having a long and rewarding career
with us!

Yours faithfully,

_______________________________________

Vineet Agrawal

Vice President – Human Resources

Encl: - a/a

1) Annexure A (Indicative Compensation Breakup)

2) Annexure B (Steps until Joining the program at Bangalore, with Axis Bank Education loan details)
3) Annexure C (Checklists of the Documents required for the loan and Joining process at Bangalore)
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 4) Pay-In-Slip Format for submission of 1st Trimester fees

ANNEXURE A: Grade & Indicative Compensation offered for the successful students

Axis Bank Young Bankers Program

Grade: Assistant Manager

Amount
COMPENSATION BREAKUP
Annual (Rs) Monthly (Rs)

Basic Rs90,000 Rs7,500

Allowances:

Fixed Allowance Rs45,000 Rs3,750

Conveyance Rs9,600 Rs800

Medical Rs15,000 Rs1,250

# House Rent Allowance Rs45,000 Rs3,750

Leave Travel Concession Rs15,000 Rs1,250

Superannuation Allowance Rs9,000 Rs750

SUB TOTAL - I (Fixed Cash) Rs2,28,600 Rs19,050

Retirals:

Bank's PF Contribution Rs10,800 Rs900

Gratuity Rs4,332 Rs361

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Group Mediclaim & Term Insurance Rs7,980 Rs665

SUB TOTAL - II (Retirals) Rs23,112 Rs1,926

TOTAL PAY (Fixed Cash + Retirals) Rs2,51,712 Rs20,976

Indicative Annual Performance linked Bonus Rs25,000 Rs2,083

TOTAL PAY (Fixed Cash + Retirals + Performance Bonus) Rs2,76,712 Rs23,059

*In addition to the above mentioned Compensation details you will be eligible for a Staff Loan at subsidized
Interest rate after confirmation of your services in the Bank. Staff Loan eligibility and terms are as per the staff
loan rules.
The benefit accrued to you when you avail all these Staff loans is calculated at Rs. 65640/- annually. This amount
is not encashable and benefit will be applicable only if the Staff Loans are availed. (Details are shown below to
calculate your CTC)

* Loan Benefit (as per Staff loan rules) Rs65,640 Rs5,470

CTC Rs3,42,352 Rs28,529

# House Rent Allowance: Mentioned above is the lowest. The HRA amount is linked to your place of posting
and will change based on your final Posting location. The highest HRA for the Assistant Manager Grade is
Rs.6375/- pm for Mumbai.

NOTE: The CTC mentioned in this sheet is based on the current year's salary norms. As per the Bank's
Compensation strategy the salary undergoes revision each year. The CTC applicable to you shall be the CTC
applicable to the Assistant Manager Grade at the time of your joining active service with the Bank.

ANNEXURE B: Steps for your joining the Young Bankers Program at Bangalore

Step 1: Acceptance of the Admission Letter

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○ Acceptance on email with subject as: “ACCEPTANCE of Letter Ref: AXISB/HR/REC/CO/ABYBP/032012B-274“
sent to harshad.pai@axisbank.com. The same needs to reach on or before 15th Feb 2012.

Step 2: Completing the Medical test

○ Post receipt of acceptance, Bank’s authorized agency M/s UHCI, will contact you for scheduling your
medical test.
○ Your medical test has to be completed on or before 18th Feb 2012
○ Cost of this medical examination will be borne by the Bank
○ Your medical fitness status will be advised to you by email
○ Once you are advised of Medical fitness, please deposit the fees for course.

Step 3: Payment of Fees : Fees Structure and method of payment is given as below

Particulars OPTION 1) OPTION 2) Remarks

Self-Funding / Education Education loan from Axis
Loan from another Bank
/Organization
Bank *
Full Course fees Rs.3,00,000/- Rs.3,00,000/- *Kindly note that
Service Tax (10.3%) Rs.30,900/- Rs.30,900/- admission to this
Term Life Insurance, Single program does not imply
premium (for 7 yr on Sum Not Applicable Rs.3,514/- that Education loan will
Assured of Rs. 300000) mandatorily sanctioned
Total Rs.3,30,900/- Rs.3,34,414/- by Bank. It is subject to
Loan will be disbursed completion of
In 3 Installments of Rs documentation as per
in 3 Installments before
1,10,300/- before Bank’ Education loan
beginning of each
beginning of each scheme. Details of
Trimester. Amount will
Payment Frequency Trimester or entire Scheme and Documents
be disbursed directly by
amount can be required to process are
Bank to Manipal Global
deposited together. given below. Please
Education Services P.Ltd
comply very carefully to
avoid rejection of loan
Payment by Payorder/Draft/NEFT/RTGS only.
Mode of Payment
No Cash /Cheques will be accepted
Name of Account in whose favour Payorder/Draft/RTGS/NEFT needs to be made : (use attached Pay-In-Slip
format for the payments) Manipal Global Education Services P. Ltd
Account Number 009010200021748
IFSC Code (for RTGS /
NEFT)
UTIB0000009
Due date of Payment By 20th February 2012
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IMPORTANT INSTRUCTIONS:

 Please carry the correct 3rd Pay-in Slip portion duly stamped by the Bank Branch as proof of the
deposit.
OR

 In case of NEFT/ RTGS transfers, please carry the transaction notification copy as proof along
with the Transaction ID for the same

Axis Bank Education Loan details :

The details of the Education Loan for the Young Bankers Program are mentioned below;

12% compounded
Rate of Interest
(this is a special rate of interest offered for the Young Bankers Program only)

Tenure of Loan 7 years

18 months from Date of Joining Program. No Principal to be paid. Only Interest to be

Moratorium serviced every month from date of disbursement.

1st EMI will be due 6 months after starting work with Axis Bank

Margin Money NIL.

Processing Fee NIL.

Out of pocket expenses like Stamp Duty / document Franking / Security creation etc.
Other charges will need to be borne by applicant. These charges will not exceed Rs.2500/- and
have to be paid in cash at the time of loan processing at Bangalore

Co-applicant required

Security Co-Applicants can be Parents/ Guardian/ Elder sibling / Grand Parents/ Spouse

Co-applicant is required to travel to Bangalore for the loan processing and

documentation. Co-Applicant needs to carry all the required documents as listed in
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 Annexure C.

Documents as mentioned in ANNEXURE C will be required for the loan processing.

Documents

Education loan payout Snap Shot - Indicative for a loan of Rs 3,34,414/- (incl. taxes and Insurance
premium) for a term of 7 years.

Loan amt EMI

Stage Period Rate of Interest Remarks
disbursed amount

12%
1st 1st to 3rd
Rs. 1,13,814 Compound Rs. 1,138
Trimester month
interest The first 18 months are
12% in the Moratorium
2nd 4th to 6th period of the Education
Rs. 2,24,114 Compound Rs. 2,241
Trimester month Loan. Thus only Interest
interest on the amount disbursed
12% for the said period
3rd 7th to 9th
Rs. 3,34,414 Compound Rs. 3,344
Trimester month
interest

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 12%
Branch 10th to 12th
Rs. 3,34,414 Compound Rs. 3,344
Internship month
interest

12%
Joined in 13th to 18th
Rs. 3,34,414 Compound Rs. 3,344
Bank as AM month
interest

On completion of 6 months of active service in the Bank the Candidates will be confirmed, subject to
Satisfactory Performance during this period.

Post Confirmation the existing Commercial Education Loan shall be converted to a Staff Education Loan.
The Staff Education loan will be at 8% simple interest for the remaining period of 66 months.

19th to 64th Total Principal 8% Entire Principal will be

Rs.7,270
month Rs. 3,34,414 Simple interest paid off in 46 months

Accumulated
65th to 84th 8% Entire Interest will be
Interest Rs.2,620
month Simple interest paid off in 20 months
Rs. 52,392

From 19th to 8% Average EMI Rs. 5,861 post

84th month Simple interest conversion to Staff Edu. Loan

Step 4: Reporting for the Program at Bangalore

○ The program will start on 5th March 2012. You shall be required to report on 2nd/3rd March 2012 at
Bangalore and may plan your travel accordingly.

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○ A Help Desk will be set up at the Railway stations (Not at Airport/bus stands) at Bangalore.
○ From the Help Desk, you would be taken to the Campus and respective Hostels.
○ If your parents / guardians are coming with you to Bangalore for loan processing or escorting you, they
would have to make their own arrangements for local stay and local travel including travel from railway
stations. Manipal University will arrange only for your pickup from railway station and stay in hostel.
○ Please note that no traveling expenses towards joining the program shall be reimbursed by the Bank.

Page 13 of 19
ANNEXURE C: Checklist of Documents that you need to carry with you to Bangalore:

The below list of documents will be used for your Education Loan, Opening of Savings Account and Joining
documentation in Bangalore.

Address Proof (Any 1 document showing

clearly Communication address where you
reside ) Check Birth Date Proof (Any 1 document) Check

1 Passport 1 Passport

2 PAN 2 Driving License

3 Driving License 3 Birth Certificate

4 Ration card 4 School Leaving Certificate

5 Latest Electricity Bill (Paid) 5 SSC / HSC certificate

6 Election Card / Voter Card 6 Election Card / Voter Card

Identity Proof (Any 1 document) Check Signature Proof (Any 1 document) Check

1 Passport 1 Passport

2 Driving License 2 Driving License

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3 PAN 3 PAN

4 Election Card / Voter Card

5 Aadhar Card Academic Certificates (All Documents) Check

1 10th / SSC Marksheet and Certificate

Other Documents Check 2 12th / HSC Marksheet and Certificate

Passport size photos (min 6 photos) Formal Graduation Marksheet and Certificate
1 attire, 3.5cms X 4.5 cms, Light colour background 3 (all Years)

PAN (Or confirmation of application for

2 PAN)

Candidate should carry these documents in

○ Original documents for verification.

○ 3 sets of self-attested Photocopies of the entire set.

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Checklist of Documents that the Co-Applicant for the Axis Bank Education loan needs to carry to
Bangalore:

This is only applicable for the Candidates who apply for the Education Loan from Axis Bank.

Address Proof (Any 1 document showing

clearly communication address where you
reside) Check Birth Date Proof (Any 1 document) Check

1 Passport 1 Passport

2 PAN 2 Driving License

3 Driving License 3 Birth Certificate

4 Ration card 4 School Leaving Certificate

5 Latest Electricity Bill (Paid) 5 SSC / HSC certificate

6 Election Card / Voter Card 6 Election Card / Voter Card

Identity Proof (Any 1 document) Check Signature Proof (Any 1 document) Check

1 Passport 1 Passport

2 Driving License 2 Driving License

3 PAN 3 PAN

4 Election Card / Voter Card

5 Aadhar Card
These documents are needed in Original
as well as Photocopies. Co-applicant will
Other Documents Check
need 2 sets of photocopies.
1 Passport size photos (min 4 photos)

2
Cheque book containing min. 5 cheque
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 leaves

PAN (Or confirmation of application for

3 PAN)

Income Proof (Any 2 of below

document) Check IMPORTANT : The Co-Applicant
1 Latest Income Tax returns filed needs to travel alongwith the
candidate to Bangalore to
2 last 6 months Bank statement
complete the Loan documentation
3 Form 16 A from employer
and signatures in the Loan forms.
4 6 months’ Salary slips

Income certificate from Government

5 body

Page 17 of 19
 Young Bankers Program Young Bankers Program Young Bankers Program
1st 2nd 3rd
PAY IN SLIP Copy PAY IN SLIP Copy PAY IN SLIP Copy
Date: Date: Date:
Branch: Branch: Branch:
(To be submitted by candidate at time of Joining YBP as proof of
(To be retained by Axis Bank Collecting Branch) (To be retained by Fee Paying person) payment)

Candidate Name: Candidate Name: Candidate Name:

Letter Ref. No. : Letter Ref. No. : Letter Ref. No. :

AXISB/HR/REC/CO/ABYBP/022012B-0 ______ AXISB/HR/REC/CO/ABYBP/022012B-0 ______ AXISB/HR/REC/CO/ABYBP/022012B-0 ______
Please credit: MANIPAL GLOBAL EDUCATION Please credit: MANIPAL GLOBAL EDUCATION Please credit: MANIPAL GLOBAL EDUCATION
SERVICES P.Ltd Current A/c No. 009010200021748 SERVICES P.Ltd Current A/c No. 009010200021748 SERVICES P.Ltd Current A/c No. 009010200021748

1st Trimester Fee payment details 1st Trimester Fee payment details 1st Trimester Fee payment details
Fee Amout Paid Rs. 1,00,000 / - Fee Amout Paid Rs. 1,00,000 / - Fee Amout Paid Rs. 1,00,000 / -
Service Tax (10.3%) Rs. 10,300 /- Service Tax (10.3%) Rs. 10,300 /- Service Tax (10.3%) Rs. 10,300 /-
Total Rs. 110300 /- Total Rs. 110300 /- Total Rs. 110300 /-
Rupees one lakh ten thousand three hundred only. Rupees one lakh ten thousand three hundred only. Rupees one lakh ten thousand three hundred only.
Cheque/ DD/PO no.: Cheque/ DD/ PO Date.: Cheque/ DD/PO no.: Cheque/ DD/ PO Date.: Cheque/ DD/PO no.: Cheque/ DD/ PO Date.:

Drawn on Bank & Location : Drawn on Bank & Location : Drawn on Bank & Location :

Depositors signature : Depositors signature : Depositors signature :

Received above amount on : DD - MON - 2012 Received above amount on : DD - MON - 2012 Received above amount on : DD - MON - 2012

Finacle Transaction ID: Finacle Transaction ID: Finacle Transaction ID:

Cashier sign & Stamp: Cashier sign & Stamp: Cashier sign & Stamp:
NOTE: Please accept this payment and credit: MANIPAL NOTE: Please accept this payment and credit: MANIPAL NOTE: Please accept this payment and credit: MANIPAL
GLOBAL EDUCATION SERVICES P.Ltd Current A/c No. GLOBAL EDUCATION SERVICES P.Ltd Current A/c No. GLOBAL EDUCATION SERVICES P.Ltd Current A/c No.
009010200021748 009010200021748 009010200021748

Page 18 of 19
Also please do note the Finacle Transaction ID in the section Also please do note the Finacle Transaction ID in the section Also please do note the Finacle Transaction ID in the section
above above above
Page 19 of 19