1. ECN: R11219
DOJ: 17th FEB 2016
INDUSIND BANK LTD - CFD
REPORTING TO: ANANTH SHARMA
AJAY BATTI

2. ROLE 1 from FEB to AUG
PROCESS
 Handling FNF settlements project for CFD – IBL
 Once the employee resigns – RHR should get an
approval from SH/BH, once get the approval, the R flag
is posted by Corp HR – CFD settlement desk.
 Based on the probationary/confirmation & grade, an
employee has to serve the notice period of 30/90days.

3.  Completing the exit formalities on the last working day of
the employee by RHR.
 RHR should get an approval from SH/BH for processing
the exit kit and sending the exit checklist to the corporate
HR team.
 The Corp HR team – the CFD settlement desk shall
gather & calculate the required inputs and will send to
the vendor for settlement outputs.
 Will also get the clearance from the clearance dept
regarding personal loans, imprest recovery, housing
loan, data card, laptops, sim cards, note pads etc.,

4. CALCULATION PROCESS
 Points to be checked while doing calculation
1. Last working day
2. Notice period
3. Number of days to be payable/recovery to/from an
employee.
4. Leave travel allowance
5. Gratuity & leave encashment to the eligible candidates
6. Check the system calculation with the vendor outputs

5. SETTLEMENT PAYMENT RELEASE
 Once the settlement amount is finalised will be givent o
checker by the maker and gets approval to process it
further.
 Once the settlement amount has been finalized, it’s sent
through settlement module to the payment team for
releasing the settlement amount.
 Approval 1 & approval 2 is taken to release the amount
to an employee’s salary account or by the DD if an
employee doesn’t have a salary account.

6. RELIEVING LETTER PROCESS
 The relieving letter is prepared and the authorized
signature is taken from the respective person.
 Then the relieving letter is sent to an employee’s
concerned RHR if there is no recovery from an
employee.
 If there’s any recovery to be paid by an employee to the
bank. The same will be communicated to the concerned
employee to pay back & once receive the recovery
amount, the relieving letter is forwarded to the concerned
RHR.

7. LEARNINGS & UNDERSTANDING OF THIS
ROLE
 Have learnt and understood FNF settlements process.
 Various reasons for employees leaving the organization.
 Posting the R flag in the settlement module & process for
changing the R flags into Live.
 The process of retaining the employees by RHRs.
 How to maintain resignation matrix & resignation data in
excel sheets every month.
 The process of releasing the payments.
 The calculation process.

8. LEARNINGS & UNDERSTANDING OF THIS
ROLE
 Sending mails to RHRs and follow ups for exit checklists.
 Have learnt applying Vlook Up in excel sheets.
 Have done basic excel training program and learnt doing
& applying pivot tables, bar diagrams, pie diagrams,Vlool
Up & short cut keys.

9. ROLE 2 from SEP to TILL DATE
RECRUITMENT PROCESS LEARNINGS
 Have learnt sourcing, screening, scheduling the
interviews, telephonic interviews.
 Doing market mapping, competitors mapping and getting
the candidate references from the field.
 Generating the CIBIL report.
 About Affordable Home Loans product – Incentive
structure ( Login & Disbursement), ROI.
 Following up with the SHs, BHs and employees for
managerial/employee references.
 Understanding the salary components in payslips.
 Follow ups with the BHs for the docs of shortlisted
candidates for releasing the offer.

10. ajaykumar.batti@indusind.com
Contact no. - 7995007534