Date: 20 Jun 2024
Location: Karnal
CTC Annexure
Emoluments for the grade of Officer Sales I for Shekhar
COMPENSATION P.A. (Rs) P.M. (Rs)
Basic 90,000 7,500
Basket of Allowance 96,672 8,056
Bank's PF Contribution 17,001 1,417
Gratuity * 4,329 361
Statutory Bonus 16,800 1,400
Total Fixed Pay 2,24,802 18,734
Benefits:
Group Mediclaim Policy and Term Life
14,270 -
Insurance
Total Fixed Pay + Value of
2,39,072 -
Benefits
Location Pay is dependent on the posted location of the employee and is liable to change in case an employee is
transferred to some other location subsequently.
Details of Benefits
Insurance Details
Type of Insurance Insurance Cover (in Rs) Remarks
Employee plus 3 dependants are covered under the floater
Group Mediclaim
4,00,000 policy. Additional 2 dependants can be covered for an
Insurance Policy
additional premium.
Group Term Life Only employee is covered, a part of the annual premium is
50,00,000
Insurance Policy borne by the employee
The Insurance coverage under all the above policies will be available subject to completion of all formalities in connection
with your appointment and fulfillment of requirements of the Insurance Company.
The Group Term life insurance cover includes entitlement under the Employee Care Benevolent Fund, for which the
requisite annual contribution will be deducted from your first salary. You shall be covered under the fund scheme until your
active employment status in the Bank. An ex-gratia amount will be payable to the nominee/ legal heir in the event of death
(accidental/ natural) of the employee
Mobile Benefit
You will be eligible for mobile reimbursement (Including Data Service) as per company policy.
Gratuity *
You will be eligible for gratuity payment as per the provisions of The Payment of Gratuity Act i.e. after rendering five years
of continuous service with the Bank or any of the group entities.
Provident Fund
The Bank will contribute an amount equivalent to the prescribed rate towards Provident Fund. An equal amount will be
deducted from your salary and paid to the Provident Fund Trust of Axis Bank Limited.
Voluntary Provident Fund (VPF)
The Bank has a voluntary provident fund scheme wherein you will 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.
Other Benefits
Variable Pay/
Performance linked bonus pay / Annual Incentive Plan (as applicable), will be paid/given as per the
Annual Incentive
Company’s policy, subject to your being a confirmed employee as per the current year policy. The
Plan (as may be
payouts will be based both on individual performance and organization’s performance.
applicable)
