Former HDFC chairman Deepak Parekh received offer letter in 1978, going viral after resignation, first salary will blow your mind

At the same time, the offer letter of Deepak Parekh, which was given to him while joining HDFC, has surfaced online and now this letter has also gone viral on social media.

Deepak Parekh hangs up his boots after a 45-year career at #HDFC

???? His appointment letter dated July 19, 1978. He joined as Deputy General Manager of HDFC for a basic salary of Rs 3,500

Truly the end of an era!#HDFCMerger pic.twitter.com/9Z7qedifTK

— Shilpa S. Ranipeta (@Shilparanipeta) June 30, 2023

Former HDFC Chairman Deepak Parekh Offer Letter Viral: After the merger of HDFC and HDFC Bank, the existence of the country's first home finance company has come to an end. The merger came into effect on July 1, but just a day before that, HDFC chairman Deepak Parekh resigned. His last letter written to the employees regarding this is trending on social media these days. At the same time, the offer letter of Deepak Parekh, which was given to him while joining HDFC (Former HDFC Chairman Deepak Parekh), has surfaced online and now this letter is also viral on social media.
Sharing it on Twitter, it has been claimed in the caption that this is the offer letter that Deepak Parekh received while joining HDFC Bank. The letter dated 19 July 1978 shows that Deepak Parekh had joined the post of Deputy General Manager. It is visible in this offer letter that what was the basic salary of Deepak Parekh at the time of joining? Parekh's basic salary was ₹3,500 and dearness allowance was ₹500. There was 15 percent HRA and 10 percent CCA. Along with this, he was also entitled to Parekh PF, Gratuity, Medical Benefits and Leave Travel Facilities.
Since being shared on social media, this post has been viewed by more than 5 thousand people, on which people are now expressing their views through comments. Before this, in his letter to the shareholders, Deepak Parekh wrote that now is the time for him to retire. He wrote, 'It is time for me to retire with hopes and expectations for the future.