Job Description & Compensation Structure for Axis Bank Debut Program

Job Description:

FDO is one of the integral positions in the Axis Bank Branch Operations Team. The role

details are as under:

Role: Branch Banking: Front Desk Officer

Designation: Assistant Manager

Location: Candidate should be willing to serve at any of the branches of the bank across the

country

Major Responsibilities:

Sales

Conducts outbound marketing calls and scouts for new leads and referrals to generate

business

Responsible for sales of third-party products (Life Insurance - LI, General Insurance -

GI, Mutual Funds - MF, Debit/ Credit Cards, etc. to the existing customer base

Responsible for lead generation for Current Account and Savings Account - CASA to

new customers and deepening of account balances for existing customers

The sales and marketing activities need to be done mainly from the branch itself

Customer Service & Operations

Responsible for timely processing of bank transactions like

Funds transfer Cheques Opening of Accounts Reconciliation of office accounts Ensuring timely resolution of customer queries and improving customer

service levels

Compliance

Compliance to the Bank's rules - internal guidelines, processes and procedures

Responsible for improving the Internal Audit Operational Efficiency score of the

branch by timely completion of assigned tasks on continuous basis

Protecting the Bank's property as per safety norms and ensuring ethical conduct in

ordinary course of business

Compensation Structure:

* Gratuity will be paid as per the Payment of Gratuity Act

# Performance Bonus: Performance bonus given above is indicative and will be subject to the

organisation performance pay policy for the year, your individual performance during the

year and subject to you being a confirmed employee

Location Mumbai

NCR

(Including

New Delhi

&

Bangalore)

Kolkata,

Hyderabad,

Pune &

Chennai

Kochi, Surat,

Vadodara,

Vishakhapatnam,

other State capitals,

Union Territories &

other Urban Centres

Semi

Urban

Centres

CTC: Parameters P.A P.A P.A P.A P.A

Basic 1,02,000 1,02,000 1,02,000 1,02,000 1,02,000

HRA 86,700 76,500 66,300 56,100 51,000

Fixed Allowance 51,000 51,000 51,000 51,000 51,000

Conveyance 9,600 9,600 9,600 9,600 9,600

Medical 15,000 15,000 15,000 15,000 15,000

Leave Travel

Concession 15,000 15,000 15,000 15,000 15,000

Superannuation

Allowance 10,200 10,200 10,200 10,200 10,200

SUB TOTAL- I

(Fixed Cash) 2,89,500 2,79,300 2,69,100 2,58,900 2,53,800

Retirals

Banks PF

Contribution 12,240 12,240 12,240 12,240 12,240

Gratuity* 4,908 4,908 4,908 4,908 4,908

Group Mediclaim

& Term 10,548 10,548 10,548 10,548 10,548

SUB TOTAL- II

(Fixed Cash +

Retirals) (A)

3,17,196 3,06,996 2,96,796 2,86,596 2,81,496

#Performance

Bonus (B) 35,000 35,000 35,000 35,000 35,000

TOTAL (A+B) 3,52,196 3,41,996 3,31,796 3,21,596 3,16,496

Loan Eligibilities

Type of Loan &

Purpose of Loan Eligibility

Loan

Amount

(in `)

Rate of

Interest Max. Tenure Remarks

Housing Loan Upon

Confirmation 20,00,000.00

6%

(Compound

Int.)

240 EMI which

includes Principal

& Interest.

For takeover loans,

the repayment will

be 240 months or

the balance service

period (in months)

left, whichever is

less.

Vehicle Loan Upon

Confirmation 2,00,000.00

8%

(Simple

Int.)

84 instalments

towards Principal

& 36 towards

Interest.

For takeover loans,

the repayment will

be the residual

period of the

original sanction

term, or 120

months, whichever

is less, with

Principal and

Interest instalments

in the ratio of 7:3.

Note: The monetary value of the above Loan benefits approximates to Rs.69,084. Loan benefits cannot be

encashed if not availed.

Insurance Details

Type of Insurance Insurance Cover

(in `) Remarks

Group Mediclaim

Insurance Policy 3,00,000.00

Employee plus 3 dependants are covered under the

floater policy. Additionally, employee has an option

to add two more dependents at an additional

premium of Rs. 2500/- per dependent.

Group Term Life

Insurance Policy 35,00,000.00

Only employee is covered (You will be required to

contribute an annual premium as prescribed by

Insurance Co. from time to time)

The Insurance coverage under all the above policies will be available subject to completion of all

formalities in connection with your appointment and fulfilment of requirements of the Insurance

Company. For coverage under the Group Mediclaim Insurance Policy, it is also required that you

are a confirmed employee of the Bank or have completed 6 months of service, whichever is earlier.