APN News

  • Monday, December, 2022| Today's Market | Current Time: 08:15:53
  • We have announced a new global Electric Vehicle Program, to help teammates drive positive environmental change in their communities. Eligible teammates who purchase or lease a qualified new all-electric passenger vehicle (car or truck) on or after July 1, 2022 may receive INR 294,500 for a new purchase or INR 147,250 for a new lease.

    Please read through this email for additional details about the program for teammates outside the U.S., including eligibility requirements and how to submit your request.

    Eligibility requirements

    To be eligible for the program, the following criteria must be met at the time of vehicle purchase:

    • You are a bank employee at the time of purchase and when submitting your request, and have not served a notice of resignation before the amount is paid.
    • You have at least three years of continuous service with the bank.
    • Your Total Cash Compensation is less than USD 250,000 or the local currency equivalent

    In addition to the above criteria, the eligible employee’s name must be included on the sales contract. For any specific provisions that may apply for your country, please visit the Electric Vehicle program page on HR Connect.

    Teammates are eligible to participate in this program once during their career at the bank and the amount an employee receives will be subject to any applicable taxes and withholdings. Hydrogen fuel cell vehicles, other electric vehicles, such as bikes and scooters, as well as hybrid vehicles are not eligible under this program.

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