Bandhan Bandhan Bank Limited
Q Bank Head Office: Floors 12-14, Adventz lnfinity@5, BN 5, SectorV, Salt Lake City, Kolkata- 700091
CIN: L67190WB2014PLC204622 I Phone: +91 33 6609 0909, 4045 6456 I Fax: +91 33 6609 0502
Email: info@bandhanbank.com I Website: www.bandhanbank.com
PRIVATE AND CONFIDENTIAL
Ref.No.:BBL/HR/28610/2024-25
Ref. No.: BBL/HR/27610/2020-21 Date: 24/08/2020
Date-19/05/2025
Mr. Manish
Laxmi Narayan
kumar Khandelwal
Employee ID: 163717
LETTER OF APPOINTMENT
Dear Manish
Mr. Laxmi Narayan Khandelwal,
Kumar,
With reference to your application and subsequent discussions with us, we are pleased to offer you
employment with Bandhan Bank in the position of Customer Care
RM Executive based at 28100-Mathura Branch at
20014 - Kota Branch
Executive grade.
th
You shall be required to join the Bank on or before 05 September 2020.
01-June-2025.
The detailed terms and conditions of your employment are outlined in Annexure I ("Terms of Employment")
and compensation details are mentioned in Annexure II ("Compensation Details"). You will also be governed
by the policies, rules and regulations of the Company as may be modified from time to time.
Accordingly, please sign and return a copy of this letter of employment and the employee statement attached
herewith indicating your formal acceptance of your employment with the Company on the terms contained
herein. Please initial each page of this letter. Upon your signature and return to us, this letter of employment
will be treated as an employment agreement between the Company and you and the terms and conditions of
this letter of employment shall govern your employment with the Company.
th
Kindly note that in case we do not receive your formal acceptance on or before 05 September
01-june-2025 of this
term2020,
letter of employment shall automatically be rescinded.
Yours sincerely,
For B ndhan Bank Limited,
Je
Resources
Registered Office: ON 32, Sector V, Salt Lake City, Kolkata - 700091
~~ Bandhan Bandhan Bank Limited
Head Office: Floors 12 • 14, Adver1tz lnfinity@S, BN S, Sector V, Salt Lake City, Kolkata • 700091
~ Bank CIN: L67190WB2014PLC204622 I Phone: +91 33 6609 0909, 4045 6456 I Fax: +91 33 6609 0502
Emili!: info@bandhanbilnk.com I Website: www.bilndhanbank.com
ANNEXURE I
TERMS AND CONDITIONS OF EMPLOYMENT
1. Appointment
1.1 During the course of your employment, you will be governed by the Code of Conduct and Ethics,
rules, regulations and other policies (together the "Company Policies") as enforced and as may be
amended from time to time, The Bank reserves the right to vary the terms and conditions of service
governing your appointment including your duties and responsibilities at any time.
1.2 You will be required to report at 01-June-2025
20014 - Kota part of You will be accountable for duties &
Branch.
term
responsibilities to the Retail Office In-Charge or to any such person in Company as may be indicated
to you from time to time. However, your services are transferable and you can be seconded or
deputed by the Company to any of its operations or operations of its associate companies in India or
abroad. The Company further reserves the right to transfer your employment to any other company
or legal entity, as part of any transfer of undertaking of the Company or as part of any restructuring
or amalgamation or such other plan implemented by the Company or by which the Company is
bound, on such terms and conditions as applicable to such plan.
1.3 Your appointment and continuation in employment at Bandhan Bank is subject to clearance of all
hand-over, dues in your previous organization and submission of unconditional Relieving Letter and
Experience Letter along with attested copies of all your degrees and professional qualification
certificates at the time of joining.
Further, your appointment shall be subject to you being found medically fit for the role as mentioned
in Point 13 of this letter.
Additionally, Bandhan Bank reserves the right to conduct a background verification/ seek references
from your current/ previous employers. If any information, declaration provided by you, at the time
of selection/ joining is later found to be false or untrue, or if any material information is suppressed
and / or the background verification / reference checks received are not satisfactory, Bandhan Bank
may terminate your services forthwith.
2. Probation & Confirmation
2.1 You will be on a probation period of 180 days (06 months) from the date of your joining at Bandhan
Bank. During this period, your performance will be reviewed and if found satisfactory your
employment will be confirmed on completion of this period, unless otherwise communicated by the
Company. In the event the Company, at its sole discretion, extends the term of probation for such
period as it may deem fit, any such extension of probation shall be duly communicated to you in
writing. Your performance will be continuously evaluated during such extended probationary period
and if found satisfactory, your employment will be confirmed in writing on completion of this
period.
3.Leave
3.1 You will be governed by Bandhan Bank's Leave Policy announced from time to time. However, you
must obtain prior approval of the concerned reporting manager prior to availing privilege leave.
4. Termination
Registered Office: DN 32, Sector V, Salt Lake City, Kolkata - 700091
6~ Bandhan Bandhan Bank Limited
Head Office: floors 12 • 14, Adventz lnfinity@5, BN 5, Sector V, Salt Lake City, Kolkata • 700091
__, Bank CIN: L67190WB2014PLC204622 I Phone: +91 33 6609 0909, 4045 6456 I Fax: +91 33 6609 0502
Email: info@bandhanbank.com I Website: www.bandhanbonk.com
4.1 During the probationary period of 180 days (06 months) including any extension, either party may
terminate this appointment by giving 30 days' prior notice in writing without assigning any reasons
therefor. After confirmation, either party may terminate this appointment by giving 90 days' notice in
writing to the other party without assigning any reasons thereof. Your resignation shall not
automatically be assumed to be accepted from the date of its communication to the Company and
will be subject to the fulfillment of notice period, proper handover of charge to your successor to the
satisfaction of the Company and any other conditions as may be communicated to you in writing.
The Company reserves the right not to accept the payment in lieu of the notice and at its sole
discretion may enforce the complete or part of the notice period to effectuate a proper handover of
charge to the sole satisfaction of the Company.
In the event termination is initiated by you, the Company may, at its sole discretion, relieve you from
such date as it may deem fit, even before the expiration of the notice period. Under these
circumstances, the Company will ordinarily pay you compensation for the unexpired period of the
notice period. The Company at its discretion reserves the right to withhold compensation, without
incurring any liability should there be a material breach of your duties or obligations, or gross
indiscipline or misconduct in this period.
4.2 The Company may terminate your services immediately without any compensation or notice thereof,
if you are in material breach of your duties or obligations, or commit breach of trust or gross
indiscipline or misconduct or commit breach of any applicable law or of the Company Policies and
Code of Conduct and Ethics or any of the terms and conditions set forth herein. Such material breach
would include your failure to comply with or committing breach of the provisions contained in this
appointment letter, gross misconduct, financial irregularities, breach of confidentiality, any act
involving moral turpitude, including conviction in any criminal case during your present or previous
employment, breach of any applicable law or regulation, breach of the Company's Code of Conduct
and Ethics, refusal to carry out reasonable instructions and the like. The said right of the Company is
without prejudice to its rights in law or equity to initiate other legal action as it deems fit to protect
its interests.
4.3 In the event of your continuous absence for a period exceeding 15 days, without formal request or
permission from the management for the same, you shall be deemed to have left and relinquished
your service. The contract of service shall come to an end when the employee abandons his / her
job.
4.4 Subject to earlier termination of this engagement, you shall retire on the last day of the month in
which you attain the age of 60 years.
4.5 Upon severance of your employment with the Company, it is agreed that any assets and amounts
due to the Company by you shall be held in trust by you for and on behalf of the Company and
subject to the provisions of this agreement, the Company commits itself to hold all amounts due to
you in trust for you and on your behalf. The Company shall have the right to retain any amounts
otherwise payable to you to satisfy any of your obligations as a result of any breach of this
agreement.
4.6 The Company may proceed against you to seek injunction in an appropriate court of law against your
working in any other company/firm/business before you are relieved from the Company. In addition
Registered Office: DN 32, Sector V, Salt Lake City, Kolkata - 700091
6~ Bandhan Bandhan Bank Limited
Head Office: f!oors 12 • 14, Adventz lnfinity@S, BN 5, Sector V, Salt Lake City, Kolkata • 700091
~ Bank
CIN: L67190WB2014PLC204622 I Phone: +91 33 6609 0909, 4045 6456 I Fax: +91 33 6609 0502
Emeil: info@bandhanbenk.com I Website: www.bandhanbank.com
to any other remedies which the Company may have at law or in equity, you agree that the Company
shall have the right to have all provisions of this agreement specifically performed including the post-
employment restrictions stipulated in clauses 5 and 6.
4.7 The terms of this offer are strictly confidential between you and the Company and any breach of this
confidence will be viewed with utmost seriousness. Your obligations set forth in paragraphs 5, 6 and
7 survive expiration or termination of your employment contract with the Company.
5. Confidentiality & Employment Policy
5.1 In the course of your assignment with the Company, and by virtue of the position held by you, you
may acquire information, technical or otherwise, including any computer software, trade secrets,
design, technology, ideas, know-how, processes, formulas, compositions, data, techniques,
improvements, inventions, work of authorship, business and product development plans, and other
information concerning the Company's actual or anticipated business, research, and development or
that is received by the Company, which is confidential or proprietary to Company or it's subsidiaries
or affiliates, it's customers, subcontractors or any other person or company having any kind of
association or relationship with Company, and / or it's affiliates or subsidiaries (together
"Confidential Information"). You shall keep and maintain strict confidentiality of such Confidential
Information and data that may come to your possession or knowledge by virtue of this engagement,
use such information only as may be required in the normal course of your work and shall not
disclose or divulge any such information or data, without prior written consent of an authorized
officer of the Company.
5.2 You shall at all times, whether during or after the termination of your employment, act with utmost
fidelity and shall not disclose or divulge any such Confidential Information to third parties or make
use of such information for your own benefit or otherwise howsoever.
5.3 You will not reproduce, store in a retrieval system or transmit in any form or by any means -
electronic, mechanical, photocopying, recording, scanning or otherwise - any copyrighted material or
other Confidential Information, for your own benefit or for the benefit of any third party, either
during the term of your employment or thereafter.
5.4 Upon expiry or termination of your employment with Company, you will return and surrender to
Company, all such Confidential Information including without limitation, data, information, files,
books, magazines, reports, documents, manuals, audio and video tapes, floppies and discs and any
other knowledge databases that came to you or were entrusted to you in the course of your
employment and shall not retain any copy thereof in any form whatsoever. You may be required to
execute such other or further agreements as Company or its affiliates or customers may require in
this regard, from time to time.
6. Disclosure of Information
6.1 You shall not, except in the course of your duties or unless ordered to do so by a court of competent
jurisdiction, either during or anytime after your employment with us, use or disclose to any person,
firm or corporation any information relating to the organization, its business, clients or trade secrets
which have come into your possession in the course of your employment with us including public
papers, journals, pamphlets or leaflets, or cause to be disclosed at any time, any information or
documents, official or otherwise relating to Company or it's subsidiaries or affiliates, customers, sub-
Registered Office: DN 32, Sector V, Salt Lake City, Kolkata - 700091
~~ Bandhan Bandhan Bank Limited
Head Office: Floors "\2· 14, Adventz lnfinity@5, BN S, Sector V, Salt Lake City, Kolkata • 700091
--, Bank CIN: L67190WB2014PLC204622 I Phone: +91 33 6609 0909, 4045 6456 I Fax: -,.91 33 6609 0502
Email: info@bandhanbank.com I Website: www.bandhanbank.com
contractors or any other person or company having any kind of association or relationship with
Company and/or its subsidiaries or affiliates, except with prior written approval.
7. Intellectual Property Rights
7.1 All intellectual property rights in any work or material developed by you during the course of your
employment shall belong to and be the property of Company and you confirm that you shall not be
entitled to claim any rights over such intellectual property. If required by Company, during or after
the term of this engagement, you shall assign and transfer in favor of Company or, at the request of
Company, in favor of any of its subsidiary, affiliate, customers or other persons, all intellectual
property rights in such works or materials and shall execute such deeds and documents, as Company
may require, to effectually vest in Company, any of its subsidiary, affiliate or customers as Company
may require, any and all intellectual property rights and benefits in such works or materials. In
performance of your duties and responsibilities, you shall not use or infringe any intellectual property
properties or rights of any other persons.
8. Compensation
8.1 Your gross annual compensation will be the aggregate of Total Fixed Pay & Benefits as set forth in the
Annexure II ("Compensation") and will be subject to deduction of tax at source. Your Compensation
will be reviewed periodically as per the Company compensation review cycle. The Company assumes
no responsibility for your personal tax affairs, and your tax liability in respect of your Compensation is
entirely your responsibility. Provided however, Company may from to time to time, withhold any tax
as may be required by applicable law. It is a condition of your employment that you will abide by the
Company's Policies of maintaining strict confidentiality of the compensation you receive from the
Company.
8.2 It is however clarified that the Benefits as set forth in the Annexure are provided on a voluntary basis
by the Company in accordance with the Company Policy in force at present, and hence are liable to (i)
change from time to time; or (ii) be withdrawn any time. During the term of your employment with
Company, you will be subject to all such applicable rules and regulations in accordance with the
Company Policy as may be in force from time to time.
9. Learning & Development
9.1 During the course of your employment with the Company, you may be required to undergo some
training programs or engage in some process implementation or other skill enhancement activities in
India or abroad. Company will bear the costs and expenses in relation to such programs. However,
you will be required to be in the employment of Company for a minimum specified period after such
programs, failing which you will be required to reimburse such costs and expenses incurred by the
Company in relation to such programs. Regarding the aforesaid, the Company reserves the right to
ask you to sign an agreement/bond associated with the training/assignment. In the event of any
breach of the conditions associated with the bond the Company will invoke the appropriate penalty
clauses and you will be liable to pay the damages as provided in the said agreement/bond. Your
refusal to undergo such programs on such terms would be considered as a material breach of the
terms of employment and in such case, Company shall have the right to terminate this engagement,
by giving you notice as referred to in clause 4 above, without being under obligation to make any
payments to you.
10. Avoidance of Conflict of Interest
Registered Office: DN 32, Sector V, Salt lake City, Kolkata • 700091
6~ Bandhan Bandhan Bank Limited
Head Office: Floors 12-14, Adventz lnfinity@5, BN 5, Sc.->ctor V, Salt Lake City, Kolkata • !00091
~ Bank
CJN: L67190WB2014PLC204622 I Phone: +91 33 6609 0909, 4045 6456 I Fax: ~91 33 6609 0502
Email: info@bandhanbank.com I Website: w,vw.bandhanbank.com
10.1 You agree that you shall perform your duties, as may be assigned to you from time to time, with
diligence, devotion and discretion. While in the employment of Company, you shall (a) use your best
endeavor to defend and promote the business interests of Company; (b) devote your full time,
attention and efforts to serve Company; and (c) whether by yourself, your employees, agents, or
otherwise, and whether on your own behalf or for any other person, or entity in India or elsewhere,
not directly or indirectly engage, practice of any business, profession or vocation, including any
activity, which competes with activities of the Company or conflicts with your position in the
Company. You confirm that as on the effective date of your appointment, you do not have any
business, professional or other interests that may be conflicting with any of the foregoing
statements. Since your appointment with the Company is on a full time basis, you shall not take up
any assignment, including those in the nature of any business, profession or vocation, without prior
written consent of the Company, which consent may be granted at Company's sole discretion.
11. Should any provision of this Letter be held invalid or unenforceable, such invalidity will not invalidate the
whole of this Letter and the remainder of this Agreement will remain in full force.
12. In the event of any dispute or claim arising under this Agreement or in connection with the conditions of
employment on a contractual basis under this Agreement, such dispute or claim shall be referred to
arbitration in pursuance of the Arbitration and Conciliation Act, 1996.The Company shall in the event of
any such dispute or difference, have the right to nominate an Arbitrator as the sole Arbitrator to
adjudicate upon the dispute/difference. Parties also agree to submit themselves to the exclusive
territorial jurisdiction of courts at Kolkata. The arbitration proceedings shall be conducted in English
Language. The fees of the Arbitrator shall be paid equally, in the first instance, by both parties, subject to
the final adjudication of costs by the Arbitrator at the time of passing the award.
13. Health Check-up
Your appointment in the Bank is subject to being found medically fit by a registered medical practitioner. You
shall require to undergo stipulated medical test, at your own expense, and obtain a registered medical
practitioner's certificate and submit the same at the time of your joining the Bank. In the event of your failure
to submit a medical fitness certificate or submitting an unsatisfactory medical fitness certificate shall result in
rescinding of the offer employment with the Bank.
A duplicate copy of this letter is enclosed herewith, which may please be signed and returned to us in
acceptance of the terms and conditions mentioned above.
For Bandhan Bank Limited,
Agreed and Accepted: _ _ _ _ _ _ _ _ __
(Candidate Name) (Candidate Signature)
Registered Office: DN 32, Sector V, Salt Lake City, Kolkata - 700091
~~ Bandhan
Bandhan Bank Limited
Head Office: Floors 12 - 14, Adventz lnfinity@S, BN 5, Sector V, Salt Lake City, Kolkata - 700091
~ Bank
CIN: L67190WB2014PLC204622 I Phone: +91 33 6609 0909, 4045 6456 I Fax: +91 33 6609 0502
Email: info@bandhanbilnk.com I Website: www.bandhanbank.com
ANNEXURE II - Compensation Details
Confidential
Mr. Laxmi
Candidate Name: Manish Narayan Khandelwal
Kumar Grade: Executive
Executive
Position Name: Customer
CustomerRm Executive
Care Executive Location: 20014 - Kata Branch
28100-Mathura Branch
Particulars Monthly Yearly
(In Rs.) (In Rs.)
Basic Salary ~ 7,385 ~ 88,620
HRA ~ 3,693 ~ 44,316
Special Allowance ~ 6,972 ~ 83,664
Medical Allowance ~ 1,250 ~ 15,000
Conveyance Allowance ~ 1,600 ~ 19,200
Child Education Allowance ~200 ~ 2,400
Gross Salary ~ 21,100 5' 253,200
Benefits ₹ 6,000 ₹ 6,000
PF(Employer Contribution) ~ 1,800 ~ 21,600
Gratuity# ~ 355 ~ 4,260
Insurance Valuation - Mediclaim, Term Life and Accidental Benefit ~401 ~ 4,812
Cost to Company(CTC} 23,656
₹5' 29,656 5'₹ 283,872
289,872
# Payable as per the Payment of Gratuity Act.
Confidentiality:
Matter of your compensation is confidential information of the Bank and should be treated with absol{ite
confidentiality except to the extent you are required to make disclosure for any tax, legal or regulatory
purpose. Any breach of this confidentiality obligations will be considered as breach of fidelity and secrecy
clause under your terms of appointment.
Registered Office: DN 32, Sect.or V, Salt Lake City, Kolkata - 700091
