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The document outlines the emoluments and benefits for Rahul Choudhary as an Officer Sales I, detailing a total fixed pay of Rs 2,24,802 per annum along with various allowances and benefits. It includes insurance coverage details, mobile reimbursement eligibility, and provisions for gratuity and provident fund contributions. Additionally, it mentions performance-linked variable pay based on individual and organizational performance.

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46 views1 page

Candidate

The document outlines the emoluments and benefits for Rahul Choudhary as an Officer Sales I, detailing a total fixed pay of Rs 2,24,802 per annum along with various allowances and benefits. It includes insurance coverage details, mobile reimbursement eligibility, and provisions for gratuity and provident fund contributions. Additionally, it mentions performance-linked variable pay based on individual and organizational performance.

Uploaded by

jivanshukla2023
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Date: 21 Jun 2025

Location: Indore

CTC Annexure

Emoluments for the grade of Officer Sales I for Rahul Choudhary

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
14,641 -
Insurance
Total Fixed Pay + Value of
2,39,443 -
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
Annual Variable Performance linked Variable Pay will be paid as per the Company’s policy. The payout will be based
Pay / Periodic both on individual performance and organization’s performance.
Variable Pay Plan Employees who are part of Periodic Variable Pay Plan will be eligible for payout as per applicable
(as may be Periodic Variable Pay Plan and Annual Variable Pay will not be applicable for the period they are part
applicable) of the Periodic Variable Pay Plan

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