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Compensation

The document outlines the salary and benefits for a Management Trainee position at HDFC Bank, including a base salary of Rs. 16,250 per month (Rs. 195,000 annually), other monthly allowances totaling Rs. 33,010, an annual performance bonus ranging from Rs. 15,000 to 42,000, and benefits like housing and vehicle loans, medical coverage, provident fund, and gratuity. The total annual cost to the company is Rs. 825,390.

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12 views

Compensation

The document outlines the salary and benefits for a Management Trainee position at HDFC Bank, including a base salary of Rs. 16,250 per month (Rs. 195,000 annually), other monthly allowances totaling Rs. 33,010, an annual performance bonus ranging from Rs. 15,000 to 42,000, and benefits like housing and vehicle loans, medical coverage, provident fund, and gratuity. The total annual cost to the company is Rs. 825,390.

Uploaded by

uditgauri
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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Band

Gross
HDFC Bank
Base Salary
Other Allowances
Lunch Allowances
Conveyance
Provident Fund
Medical

Gross
Housing Loan @ 2.5%
Vehicle Loan @ 3%
Personal Loan @ 5%
TOTAL COST TO COMPANY

Management Trainee
650,040
Amount
p.m.
16,250
33,010
910
800
1,250

54,170
1,700,000
400,000
100,000

City Allowance*
Performance Bonus
Hospitalisation
Gratuity
*City Allowance may vary depending on place of posting

Amount
p.a.
195,000
396,120
10,920
9,600
23,400
15,000

650,040
130,050
31,800
13,500

825,390
15,000 to 42,000
As per Policy
As per Policy
As per Policy

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