June 26, 2023

Restricted

Sandeep Sharma
S28439

I am pleased to inform you that based on your job size and performance record, you have been
promoted to Asst. Vice President (Band - D1) effective June 01, 2023.

Accordingly, your revised annual compensation is as below:

Salary Elements Amount (p.a.)

Basic 5,99,040/-

Other Allowances 3,95,400/-

HRA 60,000/-

Additional HRA 1,56,000/-

Medical 15,000/-

Telephone 18,000/-

Leave Travel Allowance 49,920/-

Personal Pay 2,57,040/-

Lunch Allowance 10,920/-

Superannuation 77,875/-

Provident Fund^ 71,885/-

Gross Salary (A) 17,11,080/-

Perquisites

Car Allowance (Cash in-lieu amount) 2,10,000/-

Hard Furnishing (Cash in-lieu amount) 24,000/-

Total Perquisites (B) 2,34,000/-

Fixed CTC* (A+B) 19,45,080/-

^Employer Contribution
* Excludes cost of Loans and Variable pay components.

You would be entitled to all perquisites and benefits as applicable to Band - D1.
All other terms & conditions of your employment remain unchanged.

I would like to take this opportunity to congratulate you personally on your promotion, which is a
reflection of the Bank’s confidence in your ability to execute the increased responsibilities.

Please note that the contents of this letter are personal and strictly confidential. You are not to
discuss the same with anyone except your supervisor/manager. We trust you will comply with this in
all seriousness.

Yours truly,

For HDFC Bank Limited,

Vinay Razdan
Chief Human Resources Officer