Date: September 25,2010

Full Name: Rohit Hindocha

Manipal Login ID: VRPO08081000069

Dear Rohit,

Sub: Your application for participation in the Probationary Officers Programme

Congratulations!

With reference to your application for the position of Probationary Officer, we are
pleased to make you an offer to join the ICICI Bank Probationary Officer Programme
(“Training Programme”) on the following terms and conditions:

Programme Details & Benefits

1. The Training Programme will be conducted for a period of 12 to 14 months. The

first 9 months would be devoted to classroom sessions (trimester pattern) at ICICI
Manipal Academy, Bangalore and in the remaining 3 - 5 months Internship would be
offered at Branch or Corporate office/Office of ICICI Bank or any of its Group
Companies/Subsidiary. On successful completion of the Training Programme, you will
be offered employment with ICICI Bank or any of its Group Company/Subsidiary on
the terms indicated below.

2. The Training Programme is scheduled to commence at Bangalore from

November 07,2010. You are required to report at Bangalore on November
07,2010 for the training. You will be reimbursed with the cost of travel (restricted
to 3rd AC train fare) for the travel to Bangalore by the shortest route from your
current place of stay, on submission of original ticket for the journey.

3. To pursue the Training Programme, you are required to pay Rs. 2.75 lacs
[ Inclusive of Service Tax ] to Manipal Universal Learning Private Limited, which
would be provided by ICICI Bank as a subsidized loan (“Loan”, which term shall also
include any interest or other charges payable as stated herein) at 2.5% interest per
annum.
The repayment of the Loan shall start only on completion of the Training Programme
upon your joining the services of ICICI Bank. There would be no recovery of EMIs or
interest during the training period except where you fail to complete the Training
Programme for any reason whatsoever. The EMIs for repayment of the Loan are
spread over a period of 60 months to ensure that there is minimal impact on your
monthly earnings. However, the interest on the Loan accrued during the training
period of 14 months shall be recovered along with the first three EMIs itself.

On successful completion of 60 months of service with ICICI Bank, the Bank

would give you an incentive of Rs. 2.5 Lacs .

For availing the Loan facility you are required to execute a Loan Agreement with
the Bank soon after joining the Campus for training. You will also be required to
furnish a Guarantee for repayment of the Loan, which would have to be given by your
Parent/Guardian/Spouse immediately on the date of commencement of the Training
Programme.

4. For the first nine months of the Training Programme you will be:

(a) provided with boarding and lodging facilities, and

(b) paid a monthly consolidated stipend of Rs. 2500/-

For the last 3 – 5 months of Training Programme/Internship period, you will be

required to make your own boarding and lodging arrangements. However, during the
said period you will be paid a monthly stipend of Rs.10,000/- & a City Allowance (Rs.
2,500/- or Rs. 5,000/-) depending upon the class of city (as per ICICI Bank
specification – Class A, B, C or D) at which you would be required to do the Internship.

5. You will be covered under Group Medical Insurance, Group Life Insurance and
Group Personal Accident Insurance Schemes of the Bank during the Training
Programme .

6. On successful completion of the Training Programme, you will join the services of
the Bank in the grade of Assistant Manager (Band- I) on the terms and conditions
governing the same and as communicated to you at that time. The detailed
compensation structure in the grade of Assistant Manager (Band- I), exact location of
posting, date of joining, etc. will be informed in due course.

7. The Bank shall have the right to allot you any duties/role for which you may be
considered competent on successful completion of the Training Programme and shall
also have the right to post/transfer you to any of its own branches/offices and/or to
any of the ICICI Group Companies/ Subsidiary Companies, depending upon the
exigencies/requirement.

8. You will not be entitled to any leave during the Training Programme.

9. In the event of your discontinuation from the Training Programme/cessation

of service within 5 years of joining service of ICICI Bank/Group
Company/Subsidiary, for any reason whatsoever, ICICI Bank would be entitled
to forthwith recover the entire outstanding principal of the Loan along with interest at
the rate of 15% on the entire Loan of Rs. 2.75 lacs from the date of disbursal of the
Loan till its repayment in full. Furthermore, in case of your failure to repay the Loan
along with the applicable interest @ 15% at the time of discontinuation from the
Training Programme/cessation of service within 5 years of joining, further interest of
24% shall be charged on the outstanding Loan amount from the date of such
discontinuation/cessation as the case may be, till its repayment in full.

10. During the Training Programme you will be governed by the curriculum/terms and
conditions framed by the ICICI Bank/ ICICI Manipal Academy from time to time.

11. Termination from the Training Programme: You are liable to be terminated
from the Training Programme in the event of:

1. Any breach on your part of the terms and conditions of the Training
Programme that may be promulgated by the ICICI Manipal Academy/ICICI
Bank from time to time.
2. Any incorrect information furnished by you.
3. Any act of commission and omission on your part which is prejudicial to the
interest and reputation of the ICICI Bank/ICICI Manipal Academy.
(a)

12. On successful completion of the Probationary Officer programme, you will also
earn credit which can be utilized for pursuing e-MBA course (with Manipal University)
subject to continuation of your services with the Bank/Group Company/Subsidiary, as
the case may be.

Please intimate your acceptance to us by returning a copy (photocopy) of this letter

on or before September 30th, 2010, duly signed by you alongwith the receipt showing
deposit of Rs. 5,000/- refundable Admission Security Deposit into ICICI Bank
Account (as per annexure). The Admission Security Deposit amount will be
refunded to you on completion of 90 days training at the Academy.
Please send your acceptance of Invitation letter at below mentioned
address:
ICICI Bank PO Programme – May 2010 Batch, ICICI Bank Limited, Trans
Trade Centre, HRMG 6th Floor, MIDC, Near SEEPZ, Andheri (East), Mumbai-
400093

In the event of your not accepting this invitation or after accepting the invitation
failing to report for training on the date specified above, or not conveying your
acceptance or otherwise, it will be construed that you are not interested in the
invitation and the invitation made herein will automatically stand
cancelled/withdrawn without further reference to you. Furthermore, where you fail to
join the Training Programme after confirmation or leave the Training Programme for
any reason whatsoever within 90 days of joining, the Admission Security Deposit
amount will be forfeited.
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We welcome you to the programme and we are confident that the Bank will benefit
from your knowledge and commitment towards achieving the organization goals.

Yours sincerely,

Himal Rana
Manager
HRMG, ICICI Bank Ltd.
Mumbai
I hereby declare that having carefully considered the above invitation, I accept the
above invitation made to me and I shall join the Training Programme as per the
prescribed schedule and work in any role /business at any location, as per the
exigencies/requirements of the ICICI Bank/Group Company/Subsidiary. All other
terms and conditions mentioned in the above offer are acceptable to me.

Signature of candidate

REFUNDABLE ADMISSION SECURITY DEPOSIT

Since you are accepting our Invitation for joining the ICICI Bank Probationary Officer
Programme, you are requested to deposit a sum of Rs. 5,000/- (Rupees Five thousand
only) with us for a period of 90 days effective from the start of the Training
Programme .

The amount shall be transferred to your ICICI Bank Account once you complete the
aforementioned period in the Probationary Officer Programme.

However, if you fail to join the Training Programme after confirmation or leave the Training Programme
for any reason whatsoever within 90 days of joining, the Admission Security Deposit amount will be
forfeited from the Deposit account maintained with us, without any further reference to you.

Please find enclosed the instruction manual and other necessary documents for doing
the needful in this regard.

Process to take deposit of Rs. 5,000/- at the time of confirming the Invitation for the
Probationary Officer Programme
 • You will be required to open a Savings account (to be converted into Salary
Account on Joining for Internship) in your name with ICICI Bank soon after
joining the Training Programme.
• You will be required to submit Identity proof, Address proof, Copy of your
Invitation letter and your Photographs while opening the account.
• You are required to visit any ICICI Bank Branch with the Deposit Slip (attached
with Invitation Letter) & make payment of Rs.5000/- only, via Cash OR
Demand Draft (for outstation joinees). The HR Account number towards which
the payment needs to be made is mentioned on the Deposit Slip.
• Kindly collect the transaction number(TM no.) along with Stamp/signature of
Teller. This should be done on all 3 copies of the Deposit Slip.

Please note that “HR Copy of Deposit Slip” (attached to your Invitation letter) duly
filled and signed by you, should be submitted alongwith your acceptance letter to
your HR representative.
 ADMISSION SECURITY DEPOSIT UNDERTAKING FORM

To

The HR Manager

ICICI Bank Ltd

Dear Sir/Madam,

I refer to the invitation made to me for the ICICI Bank Probationary Officer
Programme (“Training Programme”) giving me an opportunity of undergoing training
for a period of 12 - 14 months inBangalore and my acceptance thereto.

I understand that for imparting effective and efficient training, ICICI Bank has
designed an extensive training programme(s). I also understand that for this purpose
the Bank will incur substantial expenditure.

I hereby authorize ICICI Bank to maintain Rs. 5,000/- which I have deposited with
ICICI Bank as the Admission Security Deposit amount in the HR account in my
name with ICICI Bank. I am aware that this amount will be refunded to me only upon
completion of 90 days of training.

In the event of my failure to join the Training Programme after confirmation or leaving the Training
Programme for any reason whatsoever within 90 days, I hereby unconditionally and irrevocably
authorize ICICI Bank to forfeit the Admission Security Deposit amount lying in the
HR account in my name without any further intimation.

Thanking You

Yours faithfully,

______________________ _________________________

Name of the Candidate Signature of the Candidate

DEPOSIT OF DD/Cash
ICICI Bank – CSBB
Manipal ID: _________ Date: _________
Name Of Candidate: ____________
For credit of DD/Cash to A/C no. 003605004799
PAYMENT DETAILS
DD Deposit: PO/DD no. _______
CASH DEPOSIT Rs.(in words) _________________________ Bank: _______Branch: ____
Pieces
Rs.

1000

500
BRANCH COPY

100

DEPOSIT OF DD/Cash
50
ICICI Bank – CSBB
Manipal ID: _________ Date :_________
Name Of Candidate: ____________
For Teller Use:
For credit of DD/Cash to A/C no. 003605004799
PAYMENT DETAILS
20 TM
DD Deposit: PO/DD no. _______ no.
CASH DEPOSIT Branch : Bank:
Rs.(in words) _________________________ __________
_______
Denominations
Pieces _________________
Rs.
10 Signature/Stamp
1000

TOTAL
500

CANDIDATE COPY

100

_________________
Signature of Candidate
50 DEPOSIT OF DD/Cash
ICICI Bank – CSBB
Manipal ID: __________ Date: _________
Name Of candidate: ________________ For Teller Use:
For credit of DD/Cash to A/C no. 003605004799
PAYMENT DETAILS
20
TM no.
DD Deposit: PO/DD no. _______
CASH DEPOSIT Branch : __________
Rs.(in words) _________________________ Bank: _______Branch: ____
Denominations
Pieces
Rs.
_________________
10 Signature/Stamp
1000

TOTAL

500
HR COPY

100
_________________
Signature of Candidate

50
For Teller Use:

TM no.
Branch : __________
20

_________________
Signature/Stamp

10