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    126687

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    IDFC FIRST Bank has offered Arvind Dineshkumar Vansola a position as an Officer in their Retail Bank-Retail Assets group based in Gujarat. His total fixed annual pay will be INR 220000. The letter details his compensation package including a basic pay of INR 44000 annually, housing allowance of INR 22000, and other allowances totaling INR 168667. The appointment is contingent upon Arvind accepting the bank's terms and conditions of employment and code of conduct.

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    126687

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    Dipti
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    IDFC FIRST Bank has offered Arvind Dineshkumar Vansola a position as an Officer in their Retail Bank-Retail Assets group based in Gujarat. His total fixed annual pay will be INR 220000. The letter details his compensation package including a basic pay of INR 44000 annually, housing allowance of INR 22000, and other allowances totaling INR 168667. The appointment is contingent upon Arvind accepting the bank's terms and conditions of employment and code of conduct.

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    IDFC FIRST Bank has offered Arvind Dineshkumar Vansola a position as an Officer in their Retail Bank-Retail Assets group based in Gujarat. His total fixed annual pay will be INR 220000. The letter details his compensation package including a basic pay of INR 44000 annually, housing allowance of INR 22000, and other allowances totaling INR 168667. The appointment is contingent upon Arvind accepting the bank's terms and conditions of employment and code of conduct.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views2 pages

    126687

    Uploaded by

    Dipti
    IDFC FIRST Bank has offered Arvind Dineshkumar Vansola a position as an Officer in their Retail Bank-Retail Assets group based in Gujarat. His total fixed annual pay will be INR 220000. The letter details his compensation package including a basic pay of INR 44000 annually, housing allowance of INR 22000, and other allowances totaling INR 168667. The appointment is contingent upon Arvind accepting the bank's terms and conditions of employment and code of conduct.

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    of 2

    <<<126687>>>

    September 09, 2019 Emp ID: 126687

    Arvind Dineshkumar Vansola


    Banaskantha
    arvindvansola123@gmail.com

    Dear Arvind,

    We are pleased to extend this letter of appointment (“Letter”) to you as “Officer” within Retail Bank-Retail Assets group
    at IDFC FIRST Bank Limited (the “Bank”). You are expected to join on or before September 11, 2019 (“Date of Joining”)
    basis the agreement. Your Total Fixed Pay (“TFP”) will be INR.220000/- per annum. The position is currently based at
    Gujarat.

    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: 2019.09.09 22:17:17 +05:30
    Reason: Letter of Appointment
    Jennifer Lobo
    Lead - HR Operations

    I, Arvind Dineshkumar Vansola, son/daughter of ___________________________________ do hereby accept the


    above and confirm /certify the following:
     Date of Joining the Bank:
     PAN number:
     Email ID:arvindvansola123@gmail.com

    Signature: Authenticated by
    Employee ID: 126687 Signature:
    Date: Name:
    Employee ID:

    This is a digitally signed document and does not require physical signature

    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 bank.info@idfcbank.com www.idfcfirstbank.com
    Annexure:

    COMPENSATION DETAILS

    Employee Name Arvind Dineshkumar Vansola

    Grade Officer

    Business Unit Retail Bank-Retail Assets

    Location Gujarat

    Per Month Per Annum


    Component
    (In INR.) (in INR.)
    Basic Pay 3667 44000

    House Rent Allowance 1833 22000

    Special Allowance 8556 102667

    Annual Guaranteed Cash (“AGC”) 14056 168667

    Provident Fund (PF) Employer’s Contribution * 17600

    Statutory Bonus 2811 33733

    Total Fixed Pay (“TFP”) 16867 220000


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

    Notes:
     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.

    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.

    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 bank.info@idfcbank.com www.idfcfirstbank.com

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