This document outlines the employee exit and recruitment processes at Indusind Bank Ltd. It describes the process for handling employee resignations, including getting approvals, posting exit flags, calculating exit payments and benefits, releasing settlement payments, and issuing relieving letters. It also provides learnings from the role, including understanding FNF settlements, employee retention, maintaining resignation data, conducting exit formalities, and learning Excel skills. For recruitment, it outlines learnings around sourcing candidates, screening, scheduling interviews, market mapping, generating background checks, understanding products, and following up on references.

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