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Dear Rohit,
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:
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.
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:
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.
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.
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
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
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,
______________________ _________________________
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