India Infrastructure Finance Company Limited (IIFCL), a Government of India-owned financial institution, is inviting applications for the post of Manager (Grade B). Established in 2006, IIFCL provides long-term financial assistance for infrastructure projects across various sectors, including transportation, energy, water, sanitation, and communication. This recruitment drive aims to hire skilled professionals with relevant experience in finance, banking, law, and infrastructure sectors.
Important Dates
- Online Application Start Date: March 8, 2025
- Last Date to Apply: April 1, 2025
- Cut-off Date for Age & Qualification: January 31, 2025
- Tentative Online Exam Date: April/May 2025
- Tentative Interview Schedule: May/June 2025
- Final Result Announcement: May/June 2025
Application Fee
- General, OBC, EWS Candidates: Rs. 600
- SC, ST, PwBD, Women Candidates: Rs. 100
- IIFCL Employees: No Fee
- Payment must be made online using a debit card, credit card, or net banking.
Age Limit (as of January 31, 2025)
- Maximum Age: 40 years
- Age Relaxation:
- SC/ST: 5 years
- OBC (Non-Creamy Layer): 3 years
- PwBD (Unreserved/EWS): 10 years
- PwBD (OBC): 13 years
- PwBD (SC/ST): 15 years
- Ex-Servicemen: 5 years
Vacancy Details
IIFCL has announced a total of 6 vacancies for the Manager (Grade B) position. The category-wise distribution is as follows:
| Category | Vacancies |
|---|---|
| General (UR) | 4 |
| Scheduled Tribe (ST) | 1 |
| Economically Weaker Section (EWS) | 1 |
| Total | 6 |
Salary and Benefits
- Pay Scale: Rs. 55,200 – 99,750
- Starting Basic Salary: Rs. 55,200 per month
- Cost to Company (CTC): Approximately Rs. 23.5 lakh per annum
- Additional allowances and benefits include:
- Dearness Allowance, House Rent Allowance (or Leased Accommodation), Family Allowance, and Special Allowance
- Reimbursement of medical expenses, leave fare concession, and leave encashment
- Loans for car, housing, travel, and personal expenses at concessional rates
- Defined Contribution Pension Scheme (NPS)
Eligibility Criteria
Nationality
Candidates must be citizens of India.
Educational Qualification (as of January 31, 2025)
Candidates must have one of the following qualifications:
- Postgraduate degree/diploma in any discipline
- Bachelor’s Degree in Law (LLB) / BA-LLB (5-year program)
- Chartered Accountant (CA) / Company Secretary (CS) / Certified Management Accountant (CMA/ICWA)
- B.Tech / B.E.
Work Experience (as of January 31, 2025)
- Minimum 2 years of relevant experience in financial institutions, banks, PSUs, or reputed corporations.
- Overall 7 years of experience in an officer/executive role or at least one grade below in a financial institution, bank, or PSU.
- Preference will be given to candidates with experience in banking, finance, or infrastructure sectors.
Selection Process
The selection process consists of two phases:
Phase I – Online Examination (Objective Test)
| Sections | Questions | Marks | Time |
|---|---|---|---|
| Reasoning | 25 | 25 | 60 minutes |
| Quantitative Aptitude | 25 | 25 | |
| English Language | 25 | 25 | |
| Current Affairs (Financial Sector) | 25 | 25 | |
| Total | 100 | 100 |
Phase II – Interview
Candidates who qualify for the online exam will be invited for a technical and behavioral interview. The final selection will be based on the combined scores of the exam and interview.
How to Apply
- Visit the official website of IIFCL.
- Carefully read the official notification.
- Complete the online application form with personal, educational, and professional details.
- Upload the necessary documents, including a photograph, signature, and certificates.
- Make the application fee payment online.
- Submit the application form and print a copy for future reference.
