Job Description & Compensation Structure for Axis Bank Debut Program

Job Description:

NRI Relationship Manager is one of the key positions in the Bank. The role details are as under:

Role: NRI Relationship Manager

Designation: Assistant Manager

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

Major Responsibilities:

1. NRI RM is primarily responsible for providing financial solutions to meet the

requirements of the NRI customers and ensure value added customer service.

2. Responsible for increasing liabilities size of relationship via balances in accounts of

existing NRI customers and enhancing customer profitability by capturing larger sh are
of Wallet.

3. Review the inflows and outflows in the mapped NRI accounts and also proacti vely
track NRI visits to India.

4. To be in close contact with the existing customers through mailers and phone calls
and share insights on the fluctuations in interest rates, exchange rates and various
product offerings.

5. Generate new sales leads for NRI customers through referrals from existing clients, NRI
brokers, stock brokers, expats of shipping companies, overseas branches.

6. Increase customer engagement through cross - selling investment Products like Life
Insurance, General Insurance, Gold Coins, etc. and other non-investment products
like Forex, Remittances, Loans and many more.
 Compensation Structure:

Kochi, Surat,
NCR
Kolkata, Vadodara,
(Including Other Semi-
Hyderabad Vishakhapatnam
Mumbai New Delhi) Urban Urban
COMPENSATION , Pune & , Other State
& Centres Centres
Chennai Capitals & Union
Bangalore
Territories
P.A. (`) P.A. (`) P.A. (`) P.A. (`) P.A. (`) P.A. (`)
Basic 102,000.00 102,000.00 102,000.00 102,000.00 102,000.00 102,000.00

Allowances:
Fixed Allowance 41,400.00 41,400.00 41,400.00 41,400.00 41,400.00 41,400.00
Conveyance 19,200.00 19,200.00 19,200.00 19,200.00 19,200.00 19,200.00
Medical 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00
House Rent
86,700.00 76,500.00 66,300.00 56,100.00 56,100.00 51,000.00
Allowance
Leave Travel
15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00
Concession
Superannuation
10,200.00 10,200.00 10,200.00 10,200.00 10,200.00 10,200.00
Allowance
SUB TOTAL - I (Fixed
289,500.00 279,300.00 269,100.00 258,900.00 258,900.00 253,800.00
Cash)

Retirals:
Bank's PF
12,240.00 12,240.00 12,240.00 12,240.00 12,240.00 12,240.00
Contribution
Gratuity * 4,908.00 4,908.00 4,908.00 4,908.00 4,908.00 4,908.00
Group Term Life
460.00 460.00 460.00 460.00 460.00 460.00
Insurance
Group Mediclaim 3,133.00 3,133.00 3,133.00 3,133.00 3,133.00 3,133.00
Loan Benefits 69,084.00 69,084.00 69,084.00 69,084.00 69,084.00 69,084.00
TOTAL PAY (Fixed
379,325.00 369,125.00 358,925.00 348,725.00 348,725.00 343,625.00
Cash + Retirals)
 Loan Eligibilities

Type of Loan & Loan Amount Rate of

Eligibility Max. Tenure Remarks
Purpose of Loan (in `) Interest
240 EMI For takeover loans, the
6% which repayment will be 240
Upon
Housing Loan 2,000,000.00 (Compound includes months or the balance
Confirmation
Int.) Principal & service period (in months)
Interest. left, whichever is less.
For takeover loans, the
84 repayment will be the
instalments residual period of the
8%
Upon towards original sanction term, or
Vehicle Loan 200,000.00 (Simple
Confirmation Principal & 120 months, whichever is
Int.)
36 towards less, with Principal and
Interest. Interest instalments in the
ratio of 7:3.
Note: The monetary value of the above Loan benefits approximates to Rs.69084. Loan benefits cannot be
encashed if not availed.
Insurance Details
Insurance Cover
Type of Insurance Remarks
(in `)
Coverage provided upon confirmation / completion of 6 months of
service with the Bank, whichever is earlier. The said coverage is
valid only during 1st year of service with the Bank. Employee plus 3
dependents are covered under the floater policy. Additionally,
employee has an option to add two more dependents at an
Group Mediclaim additional premium of Rs. 783/- per dependent. The Bank provides
150,000.00
Insurance Policy cover for Parents upto 50 % of the base sum insured, while 50 %
will be borne by employee for any claim lodged for Parents. In
addition, the Bank offers a Top Up Policy ranging from coverage of
Rs. 3 Lac to Rs 20 Lacs, which an employee can opt for an pay the
premium accordingly.

Group Term Life Only employee is covered (You will be required to contribute an
3,500,000.00 annual premium as prescribed by Insurance Co. from time to time)
Insurance Policy
The Insurance coverage under all the above policies will be available subject to completion of all formalities in
connection with your appointment and fulfillment 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.
Note: The mediclaim Policy is renewed every year in October and shall be applicable as per prevalent policy.
Other Benefits
Performance linked bonus pay / Annual Incentive
Performance Bonus / Annual Incentive Plan Plan (as may be applicable), will be paid as per the
(as may be applicable) Company’s policy, subject to your being a
confirmed employee.
* Gratuity will be paid as per the Payment of Gratuity Act.