Date: April 9, 2010

Vibha Porwal
Manipal Login ID: JPPO23011000030

Dear Vibha Porwal

Sub: Your application for participation in the Probationary Officers Programme

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:

Programme Details & Benefits

1. The Training Programme will be conducted for a period of 12 to 14 months. The

first 9 months would be devoted to classroom sessions (trimester pattern) at ICICI
Manipal Academy, Bangalore and in the remaining 3 - 5 months Internship
would be offered at Branch or Corporate office/Office of ICICI Bank or any of its
Group Companies/Subsidiary. On successful completion of the Training
Programme, you will be offered employment with ICICI Bank or any of its Group
Company/Subsidiary on the terms indicated below.

2. The Training Programme is scheduled to commence at Bangalore from 3-

August-2010. You are required to report at Bangalore on 3-August-2010 for
the training. You will be reimbursed with the cost of travel (restricted to 3rd AC
train fare) for the travel to Bangalore by the shortest route from your current
place of stay, on submission of original ticket for the journey.

3. To pursue the Training Programme, you are required to pay Rs. 1.5 lacs 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. ICICI Bank
will bear the remaining course fees.
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 36 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.

On successful completion of 36 months of service with ICICI Bank, the

Bank would give you an incentive of Rs. 1.5 Lacs .

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:

(a) provided with boarding and lodging facilities, and

(b) paid a monthly consolidated stipend of Rs. 2500/-

For the last 3 – 5 months of Training Programme/Internship period, you will be

required to make your own boarding and lodging arrangements. However, during
the said period you will be paid a monthly stipend of Rs.10,000/- & a City
Allowance (Rs. 2,500/- or Rs. 5,000/-) depending upon the class of city (as per
ICICI Bank specification – Class A, B, C or D) at which you would be required to do
the Internship.

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.

9. In the event of your discontinuation from the Training

Programme/cessation of service within 3 years of joining service of ICICI
Bank/Group Company/Subsidiary, for any reason whatsoever, ICICI Bank
would be entitled to forthwith recover the entire outstanding principal of the Loan
along with interest at the rate of 15% on the entire Loan of Rs. 1,50,000/- from
the date of disbursal of the Loan till its repayment in full. Furthermore, in case of
your failure to repay the Loan along with the applicable interest @ 15% at the
time of discontinuation from the Training Programme/cessation of service within 3
years of joining, further interest of 24% shall be charged on the outstanding Loan
amount from the date of such discontinuation/cessation as the case may be, till
its repayment in full.

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:
(a) 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.
(b) Any incorrect information furnished by you.
(c)Any act of commission and omission on your part which is prejudicial to the
interest and reputation of the ICICI Bank/ICICI Manipal Academy.

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.
Please intimate your acceptance to us by returning a copy (photocopy) of this
letter on or before 30th May, 2010, duly signed by you alongwith the receipt
showing deposit of Rs. 5,000/- refundable Admission Security Deposit into
ICICI Bank Account (as per annexure). The Admission Security Deposit amount
will be refunded to you on completion of 90 days training at the Academy.
Please send your acceptance of Invitation letter at below mentioned
address:

ICICI Bank PO Programme – August 2010 Batch, ICICI Bank Limited,

Trans Trade Centre, HRMG 6th Floor, MIDC, Near SEEPZ, Andheri (East),
Mumbai- 400093

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.

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
Assistant 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

REFUNDABLE ADMISSION SECURITY DEPOSIT

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

ICICI Bank Ltd

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 in Bangalore 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 BRANCH COPY
for this
purpose the Bank will incur substantial expenditure.
DEPOSIT OF DD/Cash
ICICI Bank – CSBB
Manipal ID: _________ I hereby authorize Date:
ICICI _________
Bank to maintain Rs. 5,000/- which I have deposited with
Name Of Candidate: ____________
ICICI Bank as the Admission Security Deposit amount in the HR account in my
name with For credit
ICICI Bank.of DD/Cash
I am aware no. 003605004799
to A/Cthat this amount will be refunded to me only
PAYMENT DETAILS
upon completion of 90 days of training.
DD Deposit: PO/DD no. _______
CASH DEPOSIT Rs.(in words) _________________________ Bank: _______Branch: ____
In the
DenominationsPiecesRs. event of my failure
1000500100502010TOTAL 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
For Teller Use:
Admission Security Deposit amount lying in the HR account in my name
Signature of Candidate
without any further intimation. TM no.
Branch : __________
Thanking You
_________________
Signature/Stamp
Yours faithfully,

______________________
_________________________

Name of the Candidate Signature of the Candidate

CANDIDATE COPY

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: _______

DenominationsPiecesRs.1000500100502010TOTAL
_________________
Signature of Candidate For Teller Use:

TM no.
Branch : __________

_________________
Signature/Stamp
 HR COPY
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: _______

DenominationsPiecesRs.1000500100502010TOTAL

_________________ For Teller Use:

Signature of Candidate
TM no.
Branch : __________

_________________
Signature/Stamp