Date : 20 November 2018

Mr. Guntupalli Antony Maria Praveen

HOUSE NUMBER 18 106B L N PURAM
VENGALAYAPALEMPOTHUR GUNTUR
Guntur-522005

Login ID: RAPLDCVIJ219571

Employee Code: ASL/VIJ/219571

Dear Sir,

We are pleased to appoint you in our organization as Relationship Executive (Grade - E1) in the
department RETAIL ASSETS-PERSONAL LOAN-DIGITAL CHANNEL on the following terms and
conditions:

Commencement / Term:

You are required to join our organization on or before 22 November 2018. Your place of work
shall presently be at Tenali. You will be on probation for a period of six months or such extended
period as may be decided by the Company based on your performance during the probation
period. On satisfactory performance during probation, you will be confirmed in the services of the
Company.
Remuneration :

Your remuneration would be set as follows:

Compensation Monthly (Rs.) Annual (Rs.)
Basic 4,200 50,400
HRA 1,680 20,160
Conveyance 1,600 19,200
Special Allowance 2,063 24,756
Provident Fund 504 6,048
ESIC 454 5,448
CTC 10,500 126,000

Salary and grade offered to you as above is based on the representation made by you during
your interactions with the Company officials and/ or documents submitted by you. In case of
any discrepancy, company reserves right to alter/modify/withdraw the offer made to you.

Axis Securities Limited

Registered. Office: Axis House, 8th Floor, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400 025
Retirement / Statutory Benefits:

You will be eligible for Retirement Benefits of the organization; namely Provident Fund and Gratuity as
per the company policy.

Gratuity:

Employee will be eligible for payment of Gratuity subject to fulfillment of the payment of Gratuity Act,
1972.

Incentive Scheme:

You will participate in the Sales Incentive scheme and would receive incentives based on your
performance and contribution to the organization as per the scheme.We will be happy to discuss this
with you on your joining us. Kindly note that you will not have any right to claim any performance
incentive from the Company, if you resign or abscond or if you are separated from the Company for
whatsoever reason.
It is further agreed between the company and you that the incentive, payable if any, based on your
performance and productivity is in lieu of any other bonus including bonus based on profits payable
under any law.

Transfer:

The organization shall have the right to transfer you to any of its offices or group companies in India that
is in existence or may come into existence at a future date.

Leave:

You will be eligible for leave, as per Company rules, subject to approval from the competent authority. It
may be noted that leaves can not be deemed as granted unless sanctioned by Competent Authority.
No leaves can be taken during probation period. Women employees who have completed 80 working
days with the organization shall be eligible for Maternity leave as per the policy.

Unauthorised Leave / Absence:

If you are on unauthorised leave and absence for more than seven (7) days without any intimation to
the Company then it would be deemed that you are not interested in continuing with the organization
and you would be automatically ceased to be an employee of the organization and in such a case
you will be terminated from the services of the company with or without any intimation.

Job Profile:
Your duties and responsibilities will be explained to you on your joining the organization. However, you
shall execute and perform all such duties that may be assigned to you by the organization and the
organization reserves its right to change this at its discretion.

Axis Securities Limited

Registered. Office: Axis House, 8th Floor, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400 025
Professional Ethics and Confidentiality:

While you are in the services of the organization, you are not permitted to carry on any other business or
profession 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 company and will not
divulge to any person / third party or utilize any of the organization’s confidential information or other
related information (which you may possess by reason of your association with the organization) outside
the organization.

Notice Period:

During the probation period or post confirmation either party can terminate the services by giving 30
days notice or basic salary in lieu thereof at the organization’s discretion. You will be liable to submit all
the company’s assets, data etc., provided during your tenure in the company for carrying official duties,
at the time of separation from the company. Please note that you are required to complete the exit
formalities within 90 days from your last working day for processing your final settlement dues, if any.
Company will not be liable to pay the final settlement dues (if any) in the event of non completion of
exit formalities within 90 days.

Reference Check:

Your appointment will be subject to satisfactory reference checks. Please furnish the names of two
references, who have supervised you in professional capacity at some stage in your academic
/professional career.

Termination of Employment:

Your services with the organization are liable to be terminated in the event of:

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

b) Any incorrect information furnished by you;

c) Suppression of any material information by you; and

d) Your performance level is below the expected level and/or the business target, as set out for you from
time to time, has not been achieved by you.

e) Violation of Company’s Code of Conduct.

Axis Securities Limited

Registered. Office: Axis House, 8th Floor, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400 025
Change in the Personal Details :

You shall intimate the Company about any change of your residential address (permanent and / or
current), qualification and other personal details within five days from the date of change of such
details. Your residential address records with the company will be treated as official address and will be
used for all official communications with you. In case of non intimation of change in your residential
address to the company, any correspondence to your last known address will be treated as
communication received by the employee.

The terms and conditions of employment set out in this letter of appointment constitute service
conditions to your employment in the organization in addition to code of conduct and other laid down
guidelines and organization reserves the right to change the terms and conditions of your employment
set out in this letter of appointment. Any future changes in the Company policies, rules, regulations and
your employment terms will super cede the terms and conditions mentioned in this letter. The Courts in
Bombay will have exclusive jurisdiction with regards to any dispute.

Kindly note that you are required to sign the copy of this letter as a token of your acceptance and
return it to us immediately. In case we do not receive your acknowledgement copy within a period of
15 days from the date of joining, receipt of first salary by you will be conclusive proof of your
acceptance of the terms and conditions mentioned herein.

A list of document to be submitted at the time of joining is given for your information.

We look forward to your contribution to the organization and hope that we will have a mutually fulfilling
relationship.

Your faithfully,

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

Signature
Name: Guntupalli Antony Maria Praveen

Axis Securities Limited

Registered. Office: Axis House, 8th Floor, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400 025
 List of documents to be submitted at the time of joining

1) Photocopies of educational qualifications (10th std onwards)

2) Relieving letter from the last employer or Acceptance of Resignation

3) Last salary slip / Proof of salary of the previous organization

4) Declaration of medical fitness by the candidate

5) PF, Gratuity and ESIC nomination forms to be provided by the organization

6) Two Passport size photographs

7) Proof of Date of Birth and Residence

You are requested to submit all the above documents at your local office to facilitate the processing of
your salary.

Axis Securities Limited

Registered. Office: Axis House, 8th Floor, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400 025