Infosys, India's second-largest IT company, has unveiled a lucrative transfer policy to incentivise its employees to relocate to its Hubballi development centre in Karnataka, aiming to fortify operations in the tier-2 city.

The policy, targeting employees at band 2 and above who are handling project deliveries from any of the company's development centres in India, offers substantial financial incentives.

Employees at band 3 and below will receive an initial relocation allowance of Rs 25,000, followed by an additional Rs 25,000 every six months for two years.

This will culminate in a total of Rs 1.25 lakh after 24 months. Meanwhile, employees at higher bands (4 through 7) can receive up to Rs 8 lakh, inclusive of the initial relocation allowance, by the end of the same period.

This initiative wants to attract employees from the Mumbai-Karnataka region to explore opportunities in Hubballi. Additionally, the policy allows employees to continue working on their current projects from the city, thus optimising the use of the facility's modern infrastructure and reducing operational costs.