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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:

Location

Mumbai

NCR
(Including
New Delhi
&
Bangalore)

CTC: Parameters
Basic
HRA
Fixed Allowance
Conveyance
Medical
Leave Travel
Concession
Superannuation
Allowance
SUB TOTAL- I
(Fixed Cash)
Retirals
Banks PF
Contribution
Gratuity*
Group Mediclaim
& Term
SUB TOTAL- II
(Fixed Cash +
Retirals) (A)
#Performance
Bonus (B)
TOTAL (A+B)

P.A
1,02,000
86,700
51,000
9,600
15,000

P.A
1,02,000
76,500
51,000
9,600
15,000

P.A
1,02,000
66,300
51,000
9,600
15,000

Kochi, Surat,
Vadodara,
Vishakhapatnam,
other State capitals,
Union Territories &
other Urban Centres
P.A
1,02,000
56,100
51,000
9,600
15,000

15,000

15,000

15,000

15,000

15,000

10,200

10,200

10,200

10,200

10,200

2,89,500

2,79,300

2,69,100

2,58,900

2,53,800

12,240

12,240

12,240

12,240

12,240

4,908

4,908

4,908

4,908

4,908

10,548

10,548

10,548

10,548

10,548

3,17,196

3,06,996

2,96,796

2,86,596

2,81,496

35,000

35,000

35,000

35,000

35,000

3,52,196

3,41,996

3,31,796

3,21,596

3,16,496

Kolkata,
Hyderabad,
Pune &
Chennai

Semi
Urban
Centres
P.A
1,02,000
51,000
51,000
9,600
15,000

* 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

Loan Eligibilities
Type of Loan &
Purpose of Loan

Housing Loan

Vehicle Loan

Eligibility

Upon
Confirmation

Upon
Confirmation

Loan
Amount
(in `)

Rate of
Interest

6%
20,00,000.00 (Compound
Int.)

2,00,000.00

8%
(Simple
Int.)

Max. Tenure

Remarks

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.

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
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)

Type of Insurance

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.