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Hi! Congratulations on your offers!
Joining bonus is one time, so do not fall for it.
Consider what you will receive year on year. Searce has given you a good offer compared to Armakuni. Also, technology wise Searce has much more work in comparison with Armakuni.
You need not overlook the 4 lakhs variable component of Searce. Even at a 80% layout, which could be minimum, you will still receive 3,20,000 annually.
Searce looks like a clear shot!