DCB BANK 30” January 2015 Mr. Sampath Raj S. WIL, K. Nagoor, Po - Tk- Pollachi, Polla Mobile: 9865676466 jampatti, ‘hi - 642054, Sampath, 1. Employment: With reference to olr discussions with you we are pleased to offer you appointment as Executive in your function as Relationshipy Manager - Microhousing in the Retail Banking team of DCB Bank Limited (hereinafier referred 10 as Bank) at Coimbatore Office om the stated ferms and conditions mentioned in this appointment letter Please report to Colthbatore Office nat later thin, 16 February 2015 or 6 rhutually agreed date During your tenure with the Bank, you will be part of Yellow Superkings House Compensation and benefits: Your compensation (CTC) is Rs Lakhs Thirty Thousknd Only) per annum: b. Consolidated Atigwance of Rs. 10,470{Rupees Ten Thousa Only) per month. This is inclusive Conveyance per month RS. 800 Medical re-imbursement of Rs.1.250/ pam. for which ta Would be given, For claiming tax exemption ot amount p sills w Required to be submitted beflre the end ofthe IRA to be calcilated @ 50% (or part thereo?) of Basie Si be provid ‘anulry and tax exemption shall be provided acer Allowance of Rs.200- jy, (or plicable would be gi Meal Allowange of Rs applicable would be email 19 be Balance being epn: $00/- pam. (or part thereof). for ven if employee opts far n dated allowance Consolidated allowance is inclusive of all statutory payments du -d to Bonks uncer the Payment of Bonus Act, 1965 und as per Bank's rues. Basic Salary of Rs. 6,510/- (Rupees Six Thousand Five Hundred Ten Only 2,30,000/- (Rupees Two month, ind Fouir Hundred! Seventy d towards medical, original ary. Original rent receipts & to Human Resources at the time of Pr ff Submission in ri oF which tax exemption as g child which tax ¢ pons. For opting for meal coupondédebbank com within one month af joining. ou including but ig ncurréd in connection with you on business for the Bank il ihe Recount of the Banik. and the B ay you or reimburse you for : accordance with the procedure established by the Bunk f red under the following (i.e. after fulfilling the eriteria for coverage by F feci-¢laim policy to:cover the hospitalization expenses of yourself and yout dependent family members (i.e. self, spouse and two dependant children). The sum ed will ndt exceed RS, 2 (two) lakhs: Group Accidemtal Insurance Scheme Basic Lite Cover to the extent of Rs.6 (six) lakhs and: Critical illness|covers of Rs.1 (one) lakh after fulfilling the eriteria for coverage by the Insurance Service provider o DGB Bank Limited (Fermenly Development Ceci Bank Liriteg) Corporate & Registered Office: 6° Foor, Towar A, Paninauls Business Park, Senspa Bapat Maro Lower Parl, Mumba - 400019 (iN: LoBeaGRHYeBSPL.CoeEODR ‘Tat +91 22 65187000 Fax: 481 22 6880070 Webate: wre enters AB Rervdeel w=7\y 14 he Bank will eimburse you an amount of one Basie salary as Leave Travel Allowance LTA) once in | a year. For the purpose of release of LA. year would mean a financial >ear (Ist April (31st March) and pro-rata in any part of'a year. LTA applicable shall be governed by the Income Tax Act, 196] & the Bank will feimburse call charges on your tclephoni¢imobile phone to the extent of Rs.6,600)- p.a. én submission of original bills to the Central Payment Office (CPOy ong monthly basis. (? The telephoneimobile phone fas 0 be in the naimé"of the emploves for the bills to be gonsidered). In case the Telephone Reimbursement is not cltamed the me shall be paid as taxable in the month of March every year Any dues. outstanding amount at the time of early retiremes id of ployment will be recovered from your savings bank account held with the Bank, You authorjze the Bank to carry out such debits to your savings bank account with he Bank. Further, if there is still any shortfall on aceount of such outstanding amoum will be made godd from your own resources. i ‘out savings bak accourt/s held with the Bank wil be converted into Regular savings prank accounts dat you will have to muimin an Average Quarterly Balance post vee Last Working Day 3. Overall Terms & Conditions applicable Hu qari of this appoiement lett cover all the compensation and benefits applicable and payable to you. Save as provided in clause 2 above, you shall not be entitled to any ether pavmen criti. whether by way of remuneration, compensation or atherwise . for in respect of or by wirtue of your employmént with the Bank: Further, you shall be governed by the police iftions adapted by the Bank fran time to time. You will strictly ohseree ie rules outl thé human resource policy ii »yment it the Bank shall be subject to alterationsimodifications/additions trom time teins hout any notice income oF othe ets listed above X that may be due with respect to the afor ll have to be bor aid compensation and / of 4. Transferability will be at the Coimbatore Office. Your services are liable to be (0 any of the branches/depactinents ofthe Bink in the country. Code of Conduet all times be ided by and shall strictly adhere to the Bank's Code of Conduct which nce or my be amended from time to the eourse of your employment with peridd of employment with the Bank and thereafter not disclose and shall any information or knowledge obtained by you during your period of erning the business or affairs of the Bank, trade secrets, or its customers or me ihe Bank and you shall during the continuance of your period of employment, use Prpvent any other person from divulging, publishing or disclosing the " such divuigence or disclosure by you to officers and of the Bank shall not be deemed to Bank solely for the purpose of the busi his clause (save and except for disel DCB Bank Limited (ormrty Ouvelopment Cred Bank Liitac) orprata & Registered Otic: 6° Flor, Tower A, Penida Business Perk Saas Bapat Marg, Lower Parl, Mural «400013 (Cm: LeadasMHt99SPLCO8G008 Tet: +21 22 65167000 Fax: 491 22.66589870 Welsste: wore desbantcoo bt enple m= \\ 14 Taking up Outside Employment D ‘our employment with the Bank as Executiy engage in. whether for or without remun i the continuance of employment neither, work for any in any other activity or employment wheth ployment competes directly or indinectly with the Bunk 8. Leave willbe eligible to a¥ail paid annual leave: of 30 (thirty) working April to 31st March) and pro-rata in any part of a yeas 9. Retirement the Bank's service on attaining the age of superanm You shall be a member of the Bank's Provident Fund Trust and will be Payment of Gratuity Ac time without cause by giv on the expiry of such period you employment of the Bank, provided. however, that the Bank shail be entited time’ by payment of $ (Bight) days Basi Allowance in liew of stch notice atthe sole discretion of the Bank Yoo shall be ‘his appointment without cause ss than 30 (Thiny) Ways notice in writing. You may also teng Payment of salary (bagie & consolidated allowance) in lieu of ne all be at th the Bank However, in the event pf misconduct on your patt or breach of any Conduct, the Bank shall be entitled at its sole option to tenn imediate effect by a notice in writing For the purpoge of this clause, misconduct shall include following Any act invol ing moral turpitude fa fraud iv. Willful negligence andior Any willful or intentional act having the effector likely to the reputation, business or business relationships of the Bun Bank shall also be entitled to tak d. Incase of abandonment of ‘at you) have voluntarily abandoned -your set ted as termination fora services with im er notice pay at its own diseretior torn DCB Bank Limited (Fermerty Davelopment Cra Bank Liitec) Corporate & Regi & ku F business, occupation o ther, person or entity nor er OF Hot such activity or days in each full year (Ist eligible for'gratuity as per ing not less than 8 (E ) shall cease to be in the Salary and Consofidated if any time by giving not inate this appointment by provisions of the Code of te Your employment with have the effect of injuring ok any further action as appropriate 1 amployment ~ Incase of unauthoria, ten permission of the supervisor) from dy for 8 (eight) eomvec 08 permitted by the law bsence (i.e. without prior tive days ot more. it shall es with the Bank. Such nmediate effect. The Bank out any Further rec nice: &* Floor, Tow A. Peninsula Business Park Senapat! Bopat Marg, Lower Pare, Mumba - 400013 Cine L9DOGOMHYSBSPLCOBEONS Tat «21 22 98167000 Fax: 81 22 65580070 Webate: wnrecentotnhereby clarified that no ‘ent in licw of notice of the nature mentioned in clause a and shall be payable to you in the event of termination under clause-¢ and a "The Bank reserves the right to tenninate this employment if the reliving letter fom th Svious organisation is not received within 4S days of joining the services uf the Bank vives are terminated by: the Bank for any re "pensation from the Bank and also shall not seek emp on whatsoever, you shall not claim any eyiment from the Bank on any grounds at antime @fler your separation fram the Bark it is found thatthe Bank: has suffered see enksly to incur ether reputational or financial los/damage ‘due to your sation ‘ine your fenure, Bank Shall be entitled to initiate appropriate action as permitted under the inn Il be responsible for the’ safekeeping, return in good condition and on Fank's property, whith may bein your use, euslody or che ‘The management shat hes gh to deduct the money value of such thing ftom your dues and take such other action at calcein Event of your failure vo account for such properties whether daring the urse of service or alherwise. ou shall intimate to all your reporting authorities and also-to the Bank's Human Resources ven dae! any chatige in your residential address or other communication details within 1 Such @ change failing which any communication sem on your last known cd to be a valid or proper service medical eit, 2 continuance in the employment shal be subject wo your being the Bank's employment. The Batik may, upon its sole diecret he medical examinations frorn a medical practitioner’ su Bank, from timeto time ‘1 Your appoinunent is shade and shall continue to be made subject 10 your reference check to i pacacaitls such bS work experience, conduct, character certificates -aluy drawn with Mi macht(previous employers, satisfactory CIBIL check, police/criminal/dem record and the a garsonal details, bre being found valid and aoceptable to the Bank. The Bank shall hnns the right to cause the Yerification déne in respect formation given to the onv/medical officer acceptable which this Appointment itt is based reppitiment is based and shall continie 10 be based on the information and data furnished by you in the application and other re rmation of represedtation made is found ineorect o¢ defective or incomplete ang! If ure rr ranon oF details afe found to be suppressed 10 mislead the Bank, then your services shad Stand terminated without any notice, HE [aw and Jufisdiction: The appoinment letter and any amendments, and additions Ibe governgsl by and construed in allrespecis in accordaaice with the laws ot lake X! the Courts in Mumbai shall have the sole and exclusive jurisdiction & Sererbitity: If any of the provisions of this appointment letter is held to be illegal or eed ne ay eburt oF other authority of competent jurisdiction. such provision shall fom the remaining provisions of this Appointment letter and shall not Tpsir the validity or enforceability ofthe remaining provisions ofthis Appo sentations macle by you. If any of the be deemed severabl tice or communication provided for ia this Appointment letter shall be in resi ne Enel langage and shall be frst transmitted by. facsimile/electron nission a ontirmed by nationally recognised courier service or resistered in the manner as elected by the pa Biving such notice to the following addresses CE Bank Limited (Formerly Oovalopment Creit Bank Lites) ered Ota: 6° Foor, Tower A, Peninsula Business Park, Songpat! Bapat Marg, Lower Pare, Mut! - 400019. 'N L99S@OMINSBSPLCOBEOOS Tat +t 2266187000 Fax: 81 20 89589870 Websites mmeucctton ees & bus uyDCB BANK n the case OF notices to the Bank 3% Peninsula Business Park, Tow cr Parel, Mumbai - 400013, 91-022-66187000 bor, Senapati Bapat Mau or. Po - Kanjampatti, Tk - Pallachi, Pollachi - 6424 Sampath Raj’. 91-98656 76466 1054 notives, sha med fo have been validly given on (i) the day immediately after the date of (iy he tied atthe confirmed answer back, if transmuted by facsimile’ electronic tensmtienee co he third day following its transmission, by courier oF registered rail Any party mime to time, change its address or representative for reciept of notice ten notices APPoitcjen eter by giving the ter party not less than 30 (iiny) tye po look 3d to having « mutually beneficial association with you Yours Sincerely, Ash Sawhney Vice President Human Resources Acknowledgement & Acceptance aureeable to the ters of this yppointment, please nd in your probable date of joining S:SPMPATMRAT OR. Rurug Name duplicate copy as « token of your lAfo2/i5- Signature Date of joining DCB Bank Limited (Formerly Doveloarint Cree Bank Lied) 1 ame Otc 8° Floor Tower A. Peninsula Business Par, SenapaiBapat Marg, Lower Pael, Mumba 400019 N:LSQSGEMHTODSPL.COBGON8 Ta: +91 22 68167000 Fax: sBI 22 GBS8G57D Wobule: wwre-ceotorne