PRIVATE AND CONFIDENTIAL

Reference No. - 1384021983

Applicant ID - 4241133

06-Jan-2021

Akshay Sakharkar

Dear Akshay,

We take great pleasure in extending an offer to you for being a part of ICICI Bank.

Please find enclosed the job offer letter.

Please quote your reference number, which is appearing on the top of this letter for all future
correspondence.

In case you have any queries please feel free to contact at the below mentioned details: E-Mail

Address : [email protected]

Telephone No. : 022-71872500

Yours sincerely,

ICICI Bank HR Team

PRIVATE AND CONFIDENTIAL

Reference No. - 1384021983

Applicant ID - 4241133
06-Jan-2021

Akshay Sakharkar

Dear Akshay,

We are pleased to make you an offer of appointment as Deputy Manager (Band I) in ICICI Bank. You
will be placed in TRADE FINANCE OPERATIONS GROUP at MUMBAI - LOWER PAREL EMPIRE.

The details of your remuneration and benefits are given in Annexure. The

following are the terms and conditions of the appointment.

Commencement/Term:
a) You shall be required to join the Bank on or before 22-Feb-2021.
b) You will be on probation for a period of one year or such extended period as may be decided by the
Bank based on your performance during the probation period.
c) On satisfactory completion of your probation period, including that of extended period, if any, you
will be confirmed in the services of the Bank in writing.

Other Terms and Conditions of Service:

 Professional Ethics & Confidentiality: While you are in the services of the Bank, you are not
permitted to carry on any business or profession or enter, for any part of your time, in any capacity,
the services of, or be employed by or engaged with any other firm, company or person. You will
devote your whole time and attention to your office work to promote the interest of the Bank. You
will not divulge details like your compensation structure (CTC), performance rating, performance
bonus amount, increment, etc. and will not divulge to any person or utilize any of the Bank’s secrets
or other related information (which you may possess by reason of your association with the Bank)
with any external agencies, press etc. outside the Bank. Any act in breach of this term would entail
initiation of appropriate action as deemed fit by the Bank.
 IT Security Practice & Procedures: While you are in the services of the Bank, you will
adhere to the IT Security Practice & Procedures as prescribed by ICICI Bank. Any instance/s of
violation or any attempted violation of the aforesaid IT Security Practices and Procedures on your
part shall result in disciplinary action.
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Reference No. - 1384021983
Akshay Sakharkar

 Notice Period: In case you decide to leave the Bank's services during probation period or after
confirmation, you will be required to give thirty days' notice. The Bank in its sole discretion can
decide to waive off/reduce the notice period depending upon the exigencies. In such case, you would
be required to pay to the Bank the gross salary for the notice period so reduced/waived off.
After confirmation, your services would be liable to be terminated by the Bank, by giving thirty days'
notice or on payment of thirty days' gross salary in lieu of the notice period.

 Transfer: The Bank shall have the right to transfer/depute you to any of its offices or ICICI group
companies in India and abroad.

 Joining Competitor: In the event of termination of your services by the Bank or your resignation
from the services of the Bank, you shall not join any Banking or Financial Services Company for a
period of six months from the date of resignation/termination.

 Please note that during the course of your services with the Bank or in the event of cessation of your
services in future, due to any reason whatsoever, you shall, for a period of six months from the date
of such cessation, directly or indirectly, either on your own accord or on behalf or in conjunction with
any other person/s, firm or company refrain/desist from canvassing or soliciting or attempting to or
inducing any employee(s)/business associate(s) to leave their current employment with the
Bank/Group Companies/Business Partners to join the services of your new employer/firm/company
or any other competitor of the Bank/Group Companies/Business Partners. Any act in contravention of
the above provision shall entail initiation of appropriate action as deemed fit by the Bank.

 Please note that during the course of your services with the Bank you cannot be a member of any
anti-social/national outfits or of any outfit, which is declared as banned by the Government. Any act
in breach of this term would entail initiation of appropriate action as deemed fit by the Bank.
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Reference No. - 1384021983
Akshay Sakharkar

 Please note that while joining the services of the Bank and during the course of your services with the
Bank, you would be required to notify the Bank immediately with details of civil or criminal case/s
instituted against you in any Court of Law or any complaint/show cause notice /prosecution with/by
any Police Station or by any statutory authority, as also you will notify any outcome of such
complaint like filing of Chargesheet
/Arrest/Conviction/Acquittal/Discharge. Any act in breach of this term would entail initiation of
appropriate action as deemed fit by the Bank.

 The Bank expects resolution of issue/s relating to your employment, if any, within the framework
internally, at all times during your service period and even after cessation of service due to any reason
whatsoever. As such please note that any attempt to bring any outside influence - directly or indirectly
- upon any authority to further your interest/s in respect of matters pertaining to your services with the
Bank would amount to breach of employment contract leading to initiation of appropriate action.

 Please note that during the course of your services with the Bank, you will not take part in any
demonstration/agitation against the Bank and its official/s for or on behalf of any external
bodies/political outfits- either as a member or as a sympathizer. Any act in contravention of the above
would be treated as prejudicial to the interest and reputation of the Bank leading to initiation of
appropriate action.

 Termination of Employment: Your services with the Bank are liable to be terminated:

 Without assigning any reason and without giving any notice during probation period and after
confirmation by giving thirty days' notice or on payment of thirty days' gross salary in lieu of
the notice period and at any time during your services with the Bank in the event of

a) Any breach of the conditions mentioned in this letter on your part

b) Any incorrect information furnished by you like:

 Mismatch in your previous employment data even for a day

 Mismatch in your previous pay slip
 Fake qualification certificates etc; and

c) Suppression of any material information by you.

d) Any breach of the Rules and Regulations of the Bank as applicable/may be made
applicable to you from time to time.
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Reference No. - 1384021983
Akshay Sakharkar
 General:

 Your appointment and continuation in employment are subject to reference checks, qualifications
and past employment details and successful completion of your course- graduation/post-
graduation and submission certificates/ marksheets at the time of joining.
 You will be bound by the Rules and Regulations of the Bank.
 You will keep us informed of any change in your residential address.

If you are agreeable to the above mentioned terms and conditions, please intimate your acceptance to us
by returning a copy of this letter, duly signed by you, within seven days of receipt. In case no
confirmation is received within the above-mentioned period the appointment letter shall be deemed to
have been withdrawn.

Yours sincerely,

Nirankar Royal
CHIEF MANAGER

Digitally signed by NIRANKAR SINGH ROYAL

Date: 2021.01.06 12:22:24 +05:30
Reason: Offer Letter
Location: Mumbai

I have read all the terms and conditions of the offer and would like to confirm my acceptance.

Signature of Applicant
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Reference No. - 1384021983

Akshay Sakharkar

Annexure:

Remuneration:

 Your Base Salary will be Rs. 1,42,800/- (Rupees One Lakh Forty Two Thousand Eight Hundred
only) per annum.

 You will eligible for the Performance Linked Retention Pay, as per the policy of the Bank. Please
note that there is no guaranteed performance bonus, subject to however provisions of the Payment of
Bonus Act 1965, wherever applicable. The performance linked Retention pay would be payable to an
employee only if the employee on the day of payout is on the rolls of the bank and he/she has not
resigned and / or is serving notice period.

Supplementary Allowances:

 You will be eligible for a Supplementary Allowance of Rs. 1,80,600/- (Rupees One Lakh Eighty
Thousand Six Hundred only) per annum. Supplementary allowance will include
–Conveyance / Travel Allowance, Telephone Reimbursement, LTA, Medical Reimbursement,
Canteen and any other allowance. All the components of supplementary allowance are subject to
limits and rules prescribed by Income tax act and policies of the bank.

 You will be eligible for HRA of Rs. 71,400/- (Rupees Seventy One Thousand Four Hundred
only) per annum.

 The composition of supplementary allowance can be decided once in a year. The unexercised
amount of the supplementary allowance will be paid to the employee subject to deduction of tax
at source.

Superannuation Allowances:

 You will be eligible for a Superannuation Allowance of Rs. 21,420/- (Rupees Twenty One
Thousand Four Hundred Twenty only) per annum.
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Reference No. - 1384021983

Akshay Sakharkar

Benefits:

 Comprehensive Mediclaim Coverage for you and your immediate family up to Rs.400,000/-
(Rupees Four Lakh only) per annum. Your immediate family includes yourself, your spouse and
dependent children.

 You will also be eligible for Retirement Benefits of the Bank; namely Provident Fund and
Gratuity, in accordance with the statutory requirements and/or, as per Bank policy.

 The salary and perquisites including supplementary allowance are subject to limits and rules
prescribed by the Income Tax Act / Rules and policies of the Company.

 Maternity leave benefits as defined under the Maternity Benefit (Amendment) Act, 2017 are
offered to eligible women employees by the Bank. Details of all types of leaves including the
Maternity leave benefits offered to employees and eligibility criteria for availing such benefits are
notified by the Bank under “Employee Benefit Policies” available on the Bank’s intranet which
will be accessible upon joining the Bank.

Signature of Applicant

Digitally signed by NIRANKAR SINGH

ROYAL
Date: 2021.01.06 12:22:24 +05:30
Reason: Offer Letter
Location: Mumbai
 JOINING FORMALITIES

The process to join the Bank is by way of completing the online joining formalities. You are required to
complete the online joining formalities within 5 days from the date of accepting offer letter. Please note
that completion of online joining formalities is a mandatory process.

The login credentials are provided below:

URL: https://www.icicicareers.com/Careers/CP/CandidateLogin.aspx

Username: Registered email id or Applicant id

Password: Which has been already communicated to you through registered email id. In case, you do not
remember the password, please use “forgot password “option to generate a new password.

Following documents (Photo copies) are required to be uploaded:

1) Self-attested copies of educational certificates and marksheets (Xth/XIIth/ Graduation/ Post

graduation)

2) Work Experience Document

a. Resignation accepted letter from current organization

b. Relieving letter from two previous employers or companies worked in last five years
whichever is higher
3) Passport size Photograph (against Red background)

4) Address proof (Passport/Voter id/Ration card)

5) PAN Card

Please note that you are required to attend Induction program (I-Banker) on your date of joining. You
shall be communicated about the date, time and venue for induction program (I-Banker) by your
Recruitment Manager.
 Remuneration Details
Name : Akshay Sakharkar Position:
Deputy Manager (Band I) Group:
OPERATIONS GROUP
Deputy Manager (Band I)
Monthly Annual
Basic 11900 1,42,800
HRA 5,950 71,400
Supplementary Allowance* 15,050 1,80,600
Superannuation Allowance ** 1785 21,420

Total 34,685 4,16,220

Retrials
Retrials (PF, Gratuity) *** 2,791 33,492

Total CTC 37,476 4,49,712

Performance Linked Retention Pay # 2,667 32,004

Total (incl PLRP) 40,143 4,81,716

* Supplementary allowance will include Conveyance / Travel allowance, Telephone reimbursement,

LTA, Medical, Canteen and any other allowance
*** You will be eligible for Retirement Benefits of the Bank; namely Provident Fund and Gratuity, in
accordance with the statutory requirements and/or, as per Bank policy.
#Please note that there is no guaranteed performance linked retention pay, subject to however
provisions of the payment of Bonus Act 1965, wherever applicable.
Date: -06-Jan-2021

Digitally signed by NIRANKAR SINGH ROYAL

Date: 2021.01.06 12:22:25 +05:30
Reason: Offer Letter Location:
Mumbai