June 26, 2023

Restricted

Nilesh Parshuram Date

N6203

SALARY REVIEW 2022-23

We are pleased to inform you that in recognition of your contribution you have been awarded a Performance Bonus of
Rs. 1,04,000/-. Further, we would also like to inform you that effective June 01, 2023 your Annual Cost to Company has
been revised as mentioned below.

May 31, 2023 June 01, 2023

Salary Element
(Rs. pa) (Rs. pa)
(i) Basic Salary 2,91,060/- 3,11,479/-
(ii) Other Allowance 79,500/- 1,03,272/-
(iii) Medical 15,000/- 15,000/-
(iv) Conveyance 19,200/- 19,200/-
(v) House Rent Allowance 1,44,000/- 1,44,000/-

(vi) Telephone 12,000/- 12,000/-

(vii) LTA 24,255/- 25,957/-
(viii) Provident Fund^ 34,927/- 37,377/-

(ix) Superannuation 37,838/- 40,493/-

(x) Personal Pay 58,560/- 62,669/-
(xi) Lunch Allowance 10,920/- 10,920/-
A Gross Salary* 7,27,260/- 7,82,367/-
Increment (%) 7.00%
B Bonus** 1,04,000/-
C Cost of Housing Loan 1,37,500/-
D Cost of Personal Loan 11,400/-
E Cost of Vehicle Loan 18,400/-

F Total Cost Of Loans*** (C+D+E) 1,67,300/-

G Total Cost to Company (A+B+F) 10,53,667/-

Performance rating for the Financial Year 2022-23 is SC

^ Employer Contribution
* Your increment has been computed on Gross Salary.
** Bonus: For employees who have been on the Performance Linked Pay (PLP) plan for some part of the year and
bonus for the other part we have mentioned only the Bonus component and not the Performance Linked Pay (PLP).
***Cost of Loans is the perquisite value of the benefit in the event an employee avails the total value of the loan benefit.
Loan Benefit = (SBI Rate – Staff loan interest rate)*Value of the loan entitlement.
Please note that the cost of loans is computed considering the total value of the benefit an employee is entitled to and is
not based on the utilization. This is not to be considered as guaranteed pay.

All other terms and conditions of your employment remain unchanged.

It may be pertinent to note that
Performance Linked Pay (PLP) earned (if any) during the year has been excluded from the Cost to Company
computation.
Request you to please keep in mind that the contents of this letter are personal and strictly confidential. You are
requested not to discuss the contents of this letter with anyone except your supervisor/manager or Human Resources.
We trust you will comply with this in all seriousness.

We thank you for your contribution and look forward to your continued endeavour in striving for excellence. Request you
to finalise your goals for the performance year 2023-24 with your manager at the earliest.

Wish you all the very best for the performance year 2023-24.

For HDFC Bank Limited,

Vinay Razdan
Chief Human Resources Officer