Emp Code : C211330
Veera Geethanjali Bandari
Contact No :
LETTER OF APPOINTMENT
Dated : 17 November 2022
Ms. Veera Geethanjali Bandari
Dear Ms. Veera,
Employee Code - C211330 / Area - Vizag / Branch - Vizag-Allipuram Main Road Gl
We are pleased to appoint you as Customer Care Executive post our recent discussions and meetings. Your appointment with Iifl
Finance Limited shall be effective 12 August 2022 in Officer grade. Your posting shall be at Vizag-Allipuram Main Road Gl .
Your appointment is subject to the Company''s Rules and Regulations, Code of Conduct, Policies and existing service conditions of the
Company and any other amendments thereto that may be brought into force from time to time and also contained in Annexure -I
attached hereto.
The detail of your CTC is as contained in Annexure -II &III attached hereto. Both these Annexures form part and parcel of this letter of
appointment.
We welcome you to the Company and wish you the very best in your new assignment. As token of your acceptance of the appointment
and the terms and conditions as contained therein, you are advised to sign in counter part of this letter of appointment and return the
same to the HR Department.
Yours faithfully,
For Iifl Finance Limited
Sandeep Rahitkar
Authorised Signatory
I have read, verified, understood and irrevocably agreed the terms and conditions of this Appointment Letter document by signing it
physically and/or electronically (through accessing the link and/or vide OTP confirmation, Electronic and Digital Signatures, Aadhaar
authentication and such other and further means as it is available with me by using my registered E-mail ID and/or the mobile number.
ACCEPTANCE
I, Veera, agree and accept the terms and conditions as contained in the Letter of Appointment.
Signed and Accepted
Date : 17 November 2022
Place: Vizag
[Note: Please initial each page of the Letter of Appointment]
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ANNEXURE - I
The terms and conditions of your employment are as follows:
1. Appointment
1.1 Your appointment is subject to verification of your credentials, testimonials and other particulars mentioned in your
application at the time of your appointment. In case, the information provided by you is found to be incorrect your
appointment is liable to be terminated forthwith without any notice or notice pay in lieu thereof. This offer of
appointment is subject to:
1. Submission of copies of your certificates and testimonials you have mentioned in your application/ resume.
2. Four passport size photographs.
3. Last two months salary slips/ salary certificate and relieving letter from your previous employer.
4. Submission of two acceptable professional references.
1.2 Your appointment is subject to you being medically fit and your retention of reasonable medical fitness during the tenure
of your employment. If for any reasons on grounds of ill-health you are unable to attend work for a period of 240 days in
the preceding twelve months, or in the opinion of a doctor appointed by the Company, you are found to be medically
unfit then in such cases, you are liable to be discharged from the services of the Company and upon such discharge from
the services of the Company, you will be paid one month''s salary in lieu of notice.
1.3 The Company reserves its right to carry out formal/informal checks of your credentials, testimonials and other particulars
mentioned in your application either with your former employers or any other third parties, as the Company may deem
appropriate from time to time.
2. Probation and Confirmation
2.1 You shall be on probation for a period of 6 Months from the date of Joining.
2.2 At the end of the probation period, your services may be confirmed in writing, provided your services are found to be
suitable and at the sole discretion of the Company.
2.3 The Company reserves its right to extend the probation period, for a further term of three months at its sole discretion, in
the event that your services are found to be unsatisfactory.
2.4 You are required to perform your services as per the work assigned and also at the directions issued from time to time by
the Company and achieve such targets/results that have been determined and communicated to you from time to time
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3. Code of Conduct
3.1 On your employment with the Company, you shall devote your full business time and attention to the performance of
your duties as an employee of the Company. You shall render services exclusively to the Company. You shall not engage
in any outside interest or activity whether directly or indirectly (including any other employment service or work in any
trade, business or occupation) or take up any appointment including directorship of any Company during your term of
employment with us, except with the written permission of the Company.
3.2 You shall use your best endeavor to promote the interest of the Company and your conduct at all times shall be such as
not to damage the interest of the Company.
3.3 Your appointment is subject to the Company''s Rules and Regulations, Code of Conduct, Policies and existing service
conditions of the Company and any other amendments thereto that may be brought into force from time to time and also
contained in HR Handbook.
4. Licenses and Registration
4.1 Your appointment is further subject to submission of application, wherever applicable with the exchanges/ concerned
regulatory authorities and obtaining necessary registration from these authorities within reasonable timelines. The
Application Forms will be provided to you, upon signing this letter of employment, and you will be required to complete
them and return them to the Company for lodging within week''s time and preferably before your joining date.
4.2 You shall not perform or undertake any activities at any time during the course of your employment for which you are not
duly and properly registered and/or licensed. In the event you fail to secure appropriate licenses and registrations within a
reasonable time, the Company reserves its right to review and modify the terms of your employment.
4.3 If at any time during the course of your employment you cease to be duly and properly registered or licensed to undertake
the whole or any part of your responsibilities under the terms of your employment, then:
1. You shall with immediate effect cease to carry out the responsibilities for which you are required to be registered or
licensed; and
2. The Company shall be entitled at its sole discretion to review the terms and conditions of your employment in the manner
that it deems fit, including terminating your services without any notice or notice pay.
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5. Working Hours
The working hours of the Company is between 9.30 a.m. to 6.00 p.m., from Mondays to Saturdays or such other working
hours as may be informed from time to time, by the Management of the Company. However, depending on the business
exigencies you may required to work beyond the said working hours.
6. Transfer:
6.1 Transfer is an incident and condition of service and your services are liable to be transferred anywhere in India and/or to
any of the Group companies/ holding companies/ subsidiaries / affiliate, successors in title and assigns, at the sole
discretion of the Company.
6.2 Your appointment is subject to transfer from one department to another department or to any other branch offices or to
any location of the Company, anywhere in India, or its holding/ subsidiaries/ affiliate companies including the successors
in title and assigns within India as may be decided by the Management of the Company. You shall do such other work as
may be assigned to you from time to time by the Management of the Company.
6.3 In the event of your failure to report to duty at the location of your transfer within a period of seven [7] days of the
reporting date, the Company reserves its right to terminate your services without any notice or notice pay in lieu thereof.
7. Annual Leave
You are entitled to Annual Leave as per the rules, regulations of your employment with the Company, including the
Annual Leave Policy of the Company, subject to a maximum of 24 days annual leave per year of completed services.
You are encouraged to avail annual leave as per your each year''s Annual Leave entitlement.
8. Confidential Information and Exclusivity
8.1 In performing your duties you may from time to time receive or obtain information from the Company or a related or
associated or subsidiary or affiliate companies, or otherwise have access to information relating to client or business
information, business plans, systems, personnel, or other information of a confidential nature ("the Information").
8.2 In consideration of you receiving or obtaining or the Company making the Information available to you, you undertake
and agree that you will:
8.2.1 Keep the Information confidential at all times and shall not divulge or shares or communicate to any person or persons
either directly or indirectly, other than those approved in writing by the Company.
8.2.2 Not use the Information for any purposes other than in connection with your services to the Company.
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8.2.3 Immediately return or destroy (at the Company''s option) the original and all copies of any records of the Information (in
whatever form) and all notes and other documents embodying any of the Information on the first to occur of any of the
following:
a) On the Company''s demand; or
b) On termination of your services or upon you resigning from the services of the Company.
8.3 Your duty /obligation to safeguard and not disclose Confidential Information will survive the expiration or early
termination of your employment with the Company.
9. Intellectual Property Rights
9.1 You acknowledge that the Company is the owner of all intellectual property and intellectual property rights, including
without limitation all patents, trademarks, service marks, copyrights, design rights used in connection with its products
and services and the goodwill attaching thereto, and that you shall have no rights in respect thereof other than to use the
same for the purposes of and on the terms of this Letter of Appointment. You shall not alter, remove, obscure or add to
any of the marks, trademark numbers or other intellectual property or other means of identification on product or services
of the Company or knowingly allow others to do so.
9.2 All written work or invention made or produced by you in connection with your activities during the period of your
engagement with the Company shall inure exclusively to the benefit of the Company. In so far as such work or invention
relating to all types and protected by copyright or trademark or patent or design or other intellectual property rights, or
any inventions of yours and technical suggestions for improvement as well as methods of engineering, patents, utility
models, design, copyrights, trademarks, other intellectual property rights and the like developed by you in connection
with your activities for the Company following this Letter of Appointment, hereby grant the Company the exclusive and
unrestricted right of use for all purposes. Such right of use shall remain valid even after the termination of your services
with the Company. You shall not be entitled to any remuneration for granting any such right of use to the Company.
9.3 You shall during your employment with the Company, fully disclose to the Company any inventions or discoveries you
may make or discover and any improvement or mode of performing thereof arising out of or in connection with the
business of the Company. You agree not to claim any proprietary interest in any such inventions, discoveries or
improvements.
10. Compliance
During the continuance of the employment, you are expected to comply with the Company''s policies, practices and
procedures and, wherever required, sign any necessary documentation with respect to such policies, practices and
procedures.
11. Assignment
All customer relations, goodwill, franchise, improvement or design conceived by you while in employment of the
Company shall become the exclusive property of the Company. For the purpose of this clause, the expression ''the
Company'' shall in addition to Iifl Finance Limited, mean and include its group concern, holding company, subsidiaries or
entities affiliated with it.
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12. Resignation
12.1 You may resign the services of your employment with the Company any time during the probation period by giving 30
days written notice or pay 30 days salary in lieu of notice period subject to HOD approval.(Notice Pay Recovery from
employee would be done along with applicable GST).
12.2 Upon confirmation of your service with the Company, you may resign the services of your employment with the
Company any time during regular employment by giving not less than 60 days written notice or pay 60 days Notice pay
in lieu of notice period.(Notice Pay Recovery from employee would be done along with applicable GST). However,
persons in responsible posts or persons having undergone specialized training may be directed to serve the notice period
and in such cases, even where any leave balance exists, the person shall be liable to serve the notice period as applicable.
(Notice Pay in the Letter of Appointment would mean Basic plus any allowances (Gross Salary) that are paid on a
monthly basis to an employee) As part of the exit formalities, you may be required to sign and submit such other
documents, as may be decided by the Company from time to time and in the format as prescribed by the Company.
13. Termination
With Notice Pay/Period
13.1 The Company reserves its right to terminate the services of your employment any time during the probation period, if
your performance is found to be unsatisfactory by giving 30 days notice to you while you are on Probation period.
13.2 Upon confirmation of your service with the Company, your services may be terminated by issue of written notice of not
less than 60 days. Company can terminate with immediate effect and elect to pay Notice pay to you in lieu of notice
period (Notice Pay in the Letter of Appointment would mean Basic plus any allowances (Gross Salary) that are paid on a
monthly basis to an employee)
Without Notice Pay/Period
13.3 Not withstanding what is mentioned elsewhere in this Letter of Appointment, your services with the Company here under
may be terminated forthwith by the Company, if :
13.3.1 The information submitted by you at the time of appointment is found to be incorrect or you have deliberately or
otherwise suppressed material information from the Company.
13.3.2 Any act which in the opinion of the management is an act of dishonesty, disobedience, irregularity in attendance or any
other misconduct or neglect of duty or incompetence in the discharge of duty on your part or breach on your part of any
terms and conditions mentioned in this Letter of Appointment.
13.3.3 On becoming insolvent or committing an act of bankruptcy or make any composition or arrangement with your creditors.
13.3.4 You are guilty of any misconduct (including but not limited to any serious or repeated breach of the terms of your
employment) or dishonesty or act in a way which in the reasonable opinion of the management of the Company may
damage or tend to damage the reputation of the Company.
13.3.5 Engage in any employment with any employer contemporaneously with your employment with the Company without
prior consent in writing of the Company. This condition shall apply to any employment regardless of whether it is
undertaken outside of your norms of duty with the Company.
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13.3.6 Every employee is expected to perform in the interest of the Company, based on his/her professional qualification,
experience, industry exposure, its terms of appointment, nature of employment and the norms/policy framed from time to
time. In case it is observed that the employee is not performing up to the mark, then such employee will be given an
opportunity to improve his /her performance vide Performance Improvement Plan (PIP). In the event of your failure to
achieve the targets/ results /goals that have been communicated to you vide PIP and show improvement in the
performance, the Company reserves its right to terminate the services as per the PIP policy of the Company
13.4 Regularity in attendance and punctuality at work are an implied condition of service and any absence without intimation
or authorisation for a period beyond three days continuously may lead to termination from the services of your
employment without any notice or notice pay in lieu of notice under this clause.
13.5 Notwithstanding any other provision of this Letter of Appointment, the Company shall be under no obligation to vest in
or assign to you any duties or work. During the notice period the Company may suspend you from the performance of
your duties and work and exclude you from the premises of the Company by paying you on full gross salary.
13.6 In the event of any misconduct on your part, your services are liable to be suspended and during the period of suspension,
you will be eligible to a subsistence allowance of 50% of the Basic plus any allowances (Gross Salary) if any during the
period of suspension.
13.7 Upon the termination of your services, you shall immediately handover, deliver and return to the Company or its
authorised representative all materials in any form whatsoever which may be in your possession, custody or control
which are the property of the Company or the Group or which contain any information obtained by you in the course of
your employment and which relates to the affairs of the Company or the Group or any of their clients. In case of any
losses incurred by the Company due to your acts, commissions, omissions, etc., you agree and undertake to indemnify the
Company to the extent of such losses. This indemnity shall survive even after you exit the services of the Company.
14. Non - Solicitation
You will not, whether by yourself, your employees, agents or representatives or otherwise howsoever and whether on
your own behalf or for any other person, firm, sole proprietor concern, Company or organisation or body corporate
directly or indirectly in competition with the Company solicit any business from or canvass or otherwise have dealings
with any person, firm, Company or body corporate with whom or with which you have had personal dealings in the
course of your employment with the Company and/or who or which at any time during the period of 6 (six) months
immediately preceding the date of the termination of your appointment with the Company, was an officer, employee,
agent, representative, manager, client, customer or supplier or who was to be a prospective client, customer or supplier.
Post the termination of your services with the Company, you shall not at any time either solicit any of the clients or
employees of the Company. This clause survives the termination of your services and you shall be bound by the terms
under this clause. In the event of any violation of this clause, the Company stands indemnified by you for any
consequences, loss, damages, legal expenses etc.
15. Territorial Jurisdiction
This letter of appointment is subject to the exclusive territorial jurisdiction of the Courts in Mumbai for any actions, suits
or proceedings arising out of or relating to this Letter of Appointment and the transactions contemplated hereby. Each of
the parties hereby irrevocably and unconditionally waive any objection to the laying of venue of any action, suit or
proceedings arising out of this Letter of Appointment or transactions contemplated hereby, in such courts and hereby
further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such action, suit
or proceedings brought in any such court has been brought in an inconvenient forum. In any action to enforce any of the
terms or provisions of this Letter of Appointment or on account of the breach hereof the prevailing party shall be entitled
to recover all its expenses, including without limitation, reasonable lawyer''s fees.
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16. Address for the purposes of Communication
Address:
Mobile number:
Personal email id: veerageethanjali.bandari@iiflmail.com
17. Other Requirements
17.1 You represent and warrant that you are not subject to any agreement, arrangement, understanding, court order or any such
orders of the law enforcement agencies or otherwise, which in any way directly or indirectly restricts or prohibits you
from fully performing the duties of your Letter of Appointment with the Company.
17.2 No waiver, amendment, extension or other modification of this Letter of Appointment shall be effective unless in writing
and duly signed.
17.3 The Company shall be within its rights and has absolute discretion to terminate your services with immediate effect and
without any notice or notice pay, if in the event you are found to be involved in any illegal , unlawful , criminal activities
including possession of drugs or alcohol and or any such substance during your employment with the company.
17.4 This Letter of Appointment shall be governed by and construed in accordance with the law of India and shall be subject
to the jurisdiction of the courts in Mumbai.
17.5 This Letter of Appointment constitutes the entire understanding between you and the Company relating to your
employment by the Company and supersedes and cancels all prior written and verbal communications and understandings
with respect to the subject matter of the appointment letter.
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If you are willing to agree with the conditions outlined in this Letter of Appointment including the annexures, please signify your
receipt and acceptance and return a copy of this letter to Business HR.
Yours faithfully,
For Iifl Finance Limited
Sandeep Rahitkar
Authorised Signatory
I have read, verified, understood and irrevocably agreed the terms and conditions of this Appointment Letter document by signing it
physically and/or electronically (through accessing the link and/or vide OTP confirmation, Electronic and Digital Signatures, Aadhaar
authentication and such other and further means as it is available with me by using my registered E-mail ID and/or the mobile number.
ACCEPTANCE
I, Veera, agree and accept the terms and conditions.
Signed and Accepted
Date : 17 November 2022
Place: Vizag
[Note: Please initial each page of the Letter of Appointment]
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ANNEXURE - II
Terms and conditions of your CTC as agreed between you and the Company is as below:
1. Your Annual CTC will be Rs.217992/- (Two Lakh Seventeen Thousand Nine Hundred Ninety-Two only) inclusive of all
statutory payments . This would be reviewed periodically and may be restructured as per the Company policy (Please
refer ANNEXURE III for CTC bifurcation).
2. Any other payment / performance bonus payable to you apart from the above mention amounts would be communicated
separately in writing to you. The same shall become payable at the end of the Company''s Financial year and would be at
the discretion of the Company. This amount may be payable in one or more installments, provided you are eligible and
you are under active employment with the Company at the time of such payment being made.
3. You will also be eligible to such benefits as applicable to the employees of the Company and as notified from time to
time in writing and be paid apart from certain fixed components as well as variable and performance linked payments.
This information pertaining to the above components as well as the variable components will be available on the
Company''s intranet or as communicated in writing to you.
4. The CTC related details pertaining to you are unique in nature and should not be shared with anyone else; not following
the above would result in necessary disciplinary action as per Company policy being taken action against you.
5. All payments including any fixed or variable payments made to you by the Company will be subject to applicable taxes
and deduction of tax at source and any other taxes, charges, Cess, levies, as applicable under the existing Tax Laws,
applicable from time to time.
Yours faithfully,
For Iifl Finance Limited
Sandeep Rahitkar
Authorised Signatory
ACCEPTANCE
I, Veera, agree and accept the terms and conditions.
Signed and Accepted
Date : 17 November 2022
Place: Vizag
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ANNEXURE - III
Earnings Amount Per Annum ( In Rs)
BASIC SALARY 147252
HOUSE RENT ALLOWANCE 10728
SUPPLEMENTARY ALLOWANCE 492
STATUTORY BONUS 17184
Gross Salary (A) 175656
EMPLOYER CONTRI TO PF 17724
ESIC EMPLOYERS CONTRIBUTION 5712
INSURANCE 6636
DIWALI BONUS 12264
SUBTOTAL (B) 42336
COST TO THE COMPANY(A+B) 217992
Additional Benefit
1. Net take home is subject to TDS &Professional Tax
2. Medical Insurance benefits will be applicable as per eligibility slab
For Iifl Finance Limited
Sandeep Rahitkar
Authorised Signatory
I have read, verified, understood and irrevocably agreed the terms and conditions of this Appointment Letter document by signing it
physically and/or electronically (through accessing the link and/or vide OTP confirmation, Electronic and Digital Signatures, Aadhaar
authentication and such other and further means as it is available with me by using my registered E-mail ID and/or the mobile number.
ACCEPTANCE
I, Veera, agree and accept the terms and conditions.
Signed and Accepted
Date : 17 November 2022
Place: Vizag
