<<<126687>>>

September 09, 2019 Emp ID: 126687

Arvind Dineshkumar Vansola

Banaskantha
arvindvansola123@gmail.com

Dear Arvind,

We are pleased to extend this letter of appointment (“Letter”) to you as “Officer” within Retail Bank-Retail Assets group
at IDFC FIRST Bank Limited (the “Bank”). You are expected to join on or before September 11, 2019 (“Date of Joining”)
basis the agreement. Your Total Fixed Pay (“TFP”) will be INR.220000/- per annum. The position is currently based at
Gujarat.

Your Compensation Details are as per the attached Annexure.

Further, as agreed and accepted by you electronically, your appointment is subject to your abiding to, in letter and spirit,
Terms & Conditions of Employment Code of Conduct
Code of Conduct for Prohibition of Insider Trading for the Bank

This appointment is subject to you being medically fit to perform your role effectively. It is also subject to verification, as
per the norms of the Bank, of information and particulars submitted (electronically or signed) by you, including but not
limited to Authorization / Undertaking / Declaration Form.

Please note that you are required to keep the salary & other perquisites / benefits offered to you strictly confidential and
not share information regarding the same with anyone.

Congratulations on your appointment. We wish you a successful association with IDFC FIRST Bank.

Thank You,
For IDFC FIRST Bank Limited

Signature Not Verified

Digitally signed by JENNIFER LOBO
Date: 2019.09.09 22:17:17 +05:30
Reason: Letter of Appointment
Jennifer Lobo
Lead - HR Operations

I, Arvind Dineshkumar Vansola, son/daughter of ___________________________________ do hereby accept the

above and confirm /certify the following:
 Date of Joining the Bank:
 PAN number:
 Email ID:arvindvansola123@gmail.com

Signature: Authenticated by
Employee ID: 126687 Signature:
Date: Name:
Employee ID:

This is a digitally signed document and does not require physical signature

IDFC FIRST Bank Limited (formerly IDFC Bank Limited)

Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 bank.info@idfcbank.com www.idfcfirstbank.com
Annexure:

COMPENSATION DETAILS

Employee Name Arvind Dineshkumar Vansola

Grade Officer

Business Unit Retail Bank-Retail Assets

Location Gujarat

Per Month Per Annum

Component
(In INR.) (in INR.)
Basic Pay 3667 44000

House Rent Allowance 1833 22000

Special Allowance 8556 102667

Annual Guaranteed Cash (“AGC”) 14056 168667

Provident Fund (PF) Employer’s Contribution * 17600

Statutory Bonus 2811 33733

Total Fixed Pay (“TFP”) 16867 220000

* As per the EPFO notification dated February 28, 2019 and basis the new PF rules, your PF will be as mentioned herein

Notes:
 In addition to TFP, Insurance premium is paid by the bank towards employee’s life, accident & medical insurance.
This is a notional premium amount & is not paid in cash to the employee.

 Gratuity will be applicable as per the Payment of Gratuity Act.

Accepted & Agreed

Signature:
Date:

* It may be noted that the Grade, Designation and Compensation Structure offered to you earlier has undergone suitable changes as
a result of the merger of Capital First Ltd. and its group companies with IDFC Bank Ltd. However, such changes have not adversely
affected the overall gross compensation offered to you vide this letter.

IDFC FIRST Bank Limited (formerly IDFC Bank Limited)

Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 bank.info@idfcbank.com www.idfcfirstbank.com