West/EC005_06: Uttarpradesh Circle _300000004580895/AXISB/HR/REC/84494

12-July-2024

Mr. Nitin Dhakre

Nagla Bel,Barhan, etmadpur
Distt-Agra, Uttarpradesh 283201
8923590158

LETTER OF APPOINTMENT

Dear Nitin Dhakre,

We are delighted to welcome you to Axis Bank for an exciting career of learning, development and value driven
growth. We take pleasure in offering you the position of Officer-Sales in Branch Banking.

The said offer shall be governed by the under mentioned terms and conditions apart from other policies and
conditions that are applicable or may become applicable from time to time.

Terms of Employment

1. Compensation

1.1 The annual fixed compensation payable to you will be INR 3,57,808.00, subject to tax deductions at
source, as applicable by law. A detailed break up of this amount and other benefits is provided as an
Annexure to this letter.

1.2 It is clarified that Axis Bank reserves the right to deduct all permissible taxes as per applicable laws from
your compensation. Further, you hereby authorize Axis Bank to deduct any amounts from your
compensation, which are owed by you to the Bank, including any overpayments, loans or advances
outstanding at your end.

2. Code of Conduct & Ethics

2.1 As an employee of the Bank, you will be guided by the Code of Conduct & Ethics and rules and
regulations of the Bank in force and as amended from time to time.

2.2 If any declaration, statement or information including your qualification, experience and/or any other
details, as given by you at any time, is found to be false or untrue, if any material information is
suppressed or if it comes to the notice of the Bank that you had been, prior to joining the Bank's services,
convicted of any act involving moral turpitude and/or criminal in nature, your services will be liable to be
terminated forthwith without any notice or compensation in lieu thereof at any time during or even after
completion of the probation period. However, this does not preclude the Bank from initiating such
disciplinary measures, as the Bank shall deem fit and any penalty may be imposed upon you in terms of
the applicable company policies.

2.3 You shall undertake to read and remain in compliance with the Bank’s internal policies and procedures
(as implemented from time to time) throughout the term of your employment.

3. Whole-time / Alternative Employment

3.1 Your position is a whole time employment with the Bank and you shall not take any other work for
remuneration (part-time or otherwise) or work in advisory capacity or be interested directly or indirectly
except as shareholder or debenture holder in other trade or business during the employment with the
Bank. You shall not be involved directly or indirectly with any business / trade / occupation / service /
calling or perform any part-time or other work for remuneration or otherwise without obtaining prior written
permission from Axis Bank.

3.2 During the employment in the services of the Bank, you shall not hold any other position in any
organization nor shall you get employed directly or indirectly in any manner whatsoever nor shall act as
 an advisor to any organization, the exception being social organizations like clubs, NGOs etc. having no
political affiliation and no monetary gains. However the Bank reserves the right to direct you to step down
if, in the opinion of the Bank, such engagement interferes with your duties.

4. Fidelity & Secrecy

4.1 You shall not at any time during your employment and/or after the termination of your employment in any
manner whatsoever divulge any confidential information relating to the Bank, any of its constituents or its
employees without the prior written consent from the Management. In such an event, the Bank reserves
the right to proceed against you.

5. Probation Period

5.1 The nature of your employment is Permanent, however you will be on probation for a period of 6 (six)
months from the date of your joining. This period may be extended upto a maximum of 6 months in two
tranches of 3 months each, if further assessment and observations are considered necessary on the
sole discretion of the Management. Thereafter, on failure to be confirmed in the service of the Bank, your
employment shall be terminated on account of non-confirmation of service.

5.2 On satisfactory completion of probation you will be confirmed in the services of the Bank.

5.3 Your probation can be extended not only by virtue of your non satisfactory performance but also by virtue
of your non completion of the joining formalities.

5.4 Notwithstanding what is stated above, the bank reserves the right to confirm you in the services of the
bank even during the extended period, provided, the extension of probation was solely due to
non-completion of the joining formalities and such formalities are completed within the said period.

6. Transfer

6.1 Your services are liable to be transferred to any of the offices of the Bank within India and / or abroad at
the sole discretion of the Bank and the Bank reserve the right to depute / transfer you at any time during
your service in the Bank, to any of its subsidiaries or associates without any prior consent from you.

6.2 Notwithstanding the role assigned to you in terms of this letter, the Bank reserves the right to assign you
any other role/function commensurate with your grade as may be deemed appropriate, depending on
administrative exigencies and requirements.

6.3 Your services can be requisitioned by the Bank at any time outside the business / working hours.

7. Separation/ Retirement

7.1 Separation during probation

7.1.1 On account of Resignation: During the period of probation, you may resign from the Bank’s
service, subject to acceptance by your supervisor, for which you will be required to mandatorily
serve a notice period of 30 days. However, waiver of the notice period (if any), will be at discretion
of the Bank. In such an event, the gross salary equivalent of the notice period shortfall (if any) will
be recovered from employee.

7.1.2 On account of Termination: During the probation period, this contract of employment is terminable
by the Bank by way of giving notice of 15 days or on payment of salary in lieu thereof without
assigning any reasons.

7.2 Separation after Confirmation:

 7.2.1 On account of Resignation: After confirmation, you may resign from the Bank's service, subject to
acceptance of your resignation by your supervisor, for which you will be required to mandatorily
serve a notice period of 90 days. However, waiver of the notice period (if any), will be at discretion
of the Bank. In such an event, the gross salary equivalent of the notice period shortfall (if any) will
be recovered from employee.

7.2.2 On account of Termination: Notwithstanding what is provided in the company policies and the
above paragraphs, your services, after confirmation, may be terminated by the Bank by giving 30
days’ notice or payment of 30 days’ salary in lieu thereof without assigning any reasons.

7.3 Separation arrangement

7.3.1 Written resignation should be submitted to your immediate supervisor, and also initiated on the
exit management portal. Upon receipt of your resignation, the acceptance of the same shall be at
Bank’s discretion.

7.3.2 Upon acceptance of your resignation and before your proposed relieving date, you will have to
return all Bank’s property / assets entrusted to you and in your possession, to the Bank. Before
you are relieved, all correspondence, specifications, formulae, books, tablets, documents, cost
data, market data, literature, drawings, effects etc. should be returned and you shall not make or
retain any copies of these items.

7.3.3 On separation, you are required to submit your claim for settlement of Provident Fund in the
prescribed form.

7.3.4 It is expected that you will continue to dispense your duties and responsibilities during the
notice period. You are also required to display model behavior and adhere to the timings as
prescribed by the Bank. Any lapse or non-performance may lead to disciplinary action and
result in non-issuance of the relieving letter.

7.4 Retirement

7.4.1 The retirement age in the Bank is fixed as 60 years. You will accordingly stand relieved from the
services of the Bank on the last day of the month of your attaining this age based on the Age
Certificate furnished by you at the time of joining.

8. Reimbursement of Notice Period Pay

In certain cases of business criticality, the Bank, at its discretion and post approval from the Head –
Human Resources, may reimburse any shortfall in notice period pay to your current employer. In such a
case, the following terms and conditions shall apply:-

8.1 Upon joining, you are required to submit a certificate/ letter from your present employer stating the
number of days of shortfall in notice period and the amount recovered from you, basis which we shall
process your request for reimbursement. This reimbursement shall be taxable and will be added to your
Annual Taxable Income for the relevant Financial Year.

8.2 You are required to continue in Bank’s employment for a minimum period of three years, from your date
of joining, failing which amount so reimbursed shall be recovered from you along with interest at the
Bank Base Rate prevailing on your last working day and any applicable taxes.

9. Conditions precedent /Joining formalities:

Your appointment and subsequent joining is subject to the following:

9.1 Submission of self-declaration of medical fitness provided on our onboarding portal.

9.2 The Bank receiving a satisfactory Background Verification report. For this purpose, you will be contacted
by an authorized agency empanelled by the Bank.
 9.3 Submission of all necessary documents:

9.3.1 Self-attested copies of all your degrees and professional qualifications certificates and
documentary evidence of scholarships or prizes won, if any.

9.3.2 Proof of date of birth

9.3.3 Copy of Pan Card and Address Proof

9.3.4 One recent passport size color photograph

9.3.5 Copy of acceptance of resignation letter and relieving letter from your previous employer

9.4 It is brought to your notice that you need to complete your conditions precedent and / or joining formalities
within 2 months from the date of joining, failing which your salary after 2nd month shall not be released
till the completion of joining formalities and the said salary shall be kept in the Bank’s Sundry Account.

The Bank reserves the right to vary the terms and conditions of service governing your appointment as
contained in this letter including your duties and responsibilities at any time.

Notwithstanding anything contained in the above paragraphs, your services may be terminated by the Bank if
you are found to be indulging in the acts of Commission / Omission which may be prejudicial to the interests
of the Bank or any act of dishonesty, disobedience, insubordination or any other misconduct or neglect of duty
or incompetence in the discharge of duty on your part.

The terms and conditions set out in this letter of appointment inter alia constitute service conditions applicable
to your employment in the Bank. Any dispute arising thereof are subject to Mumbai jurisdiction only and the
Mumbai Courts will have exclusive jurisdiction.

The above terms and conditions are to be read in conjunction with the company policies accessible through
the Bank's intranet. These shall be made available to you, post joining.

Kindly note that you are required to convey your acceptance within 15 days from the date of this letter,
failing which this offer stands cancelled. You are requested to sign the copy of this letter as a token of
acceptance of the above terms and return it to us immediately.
Digitally signed by DS AXIS BANK 1
Date: 2021.04.20 19:09:13 +05:30
Reason: LOA
Location: Axis

For any further information / clarifications please feel free to contact:-

Md Haider

[email protected]
We at Axis Bank wish you success and look forward to your having a long and rewarding career with us!

Yours faithfully,

Human Resources