If I join PwC India in Sep'22, will I be eligible for hikes & bonus in 2023? And when does appraisal happen - March?

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Yes you will, but the hike and bonus will be prorated. And high chance is there that you will be provided 3 i.e average rating.
Performance year is from April to March with hikes announced generally in May end. Bonus payout used to be in July, but now what I have heard is that they divide the bonus in two 'tranches' one given on July 1st and other given in October - done so as to retain talent!

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Thank you so much for sharing this information.

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