India Infrastructure Finance Company Limited (IIFCL), a wholly owned Government of India enterprise, is inviting applications from eligible candidates for the post of Manager (Grade B). Established in 2006, IIFCL plays a crucial role in financing infrastructure projects across various sectors, including transportation, energy, water, sanitation, and communication.
This recruitment drive aims to bring in dynamic and experienced professionals willing to contribute to the nation’s economic growth. Interested candidates must apply online and ensure they meet the required eligibility criteria before submitting their applications.
Important Dates
- Opening of Online Application: March 8, 2025
- Closing of Online Application: April 1, 2025
- Cut-off Date for Age Eligibility: January 31, 2025
- Cut-off Date for Educational Qualification and Experience: January 31, 2025
- Tentative Date of Online Examination: April/May 2025
- Tentative Date of Interview: May/June 2025
- Final Result Announcement: May/June 2025
Candidates should regularly check the official website for any updates or changes in the schedule.
Application Fees
- SC/ST/PwBD/Women Candidates: Rs. 100 (Intimation Charges)
- General/EWS/OBC Candidates: Rs. 600 (Examination Fee + Intimation Charges)
- Employees of IIFCL: No application fee
Age Limit (As of January 31, 2025)
- Maximum Age Limit: 40 years
- Age Relaxation:
- SC/ST: 5 years
- OBC (Non-Creamy Layer): 3 years
- PwBD (General/EWS): 10 years
- PwBD (OBC): 13 years
- PwBD (SC/ST): 15 years
- Ex-Servicemen: 5 years
- IIFCL Employees: 5 years
Vacancy Details
IIFCL is offering a total of 6 vacancies for the position of Manager (Grade B) under the General category.
| Post | General (UR) | SC | ST | OBC | EWS | Total |
|---|---|---|---|---|---|---|
| Manager (Grade B) | 04 | 0 | 01 | 0 | 01 | 06 |
Salary and Benefits
Pay Scale
The selected candidates will receive a starting basic pay of Rs. 55,200 per month in the pay scale of Rs. 55,200 – 99,750 along with various allowances.
Total Compensation
The approximate Cost to Company (CTC) is Rs. 23.5 lakhs per annum, including salary and benefits.
Perks and Allowances
Selected candidates will be eligible for several allowances, including:
- Dearness Allowance, House Rent Allowance (HRA), and Grade Allowance
- Leased accommodation facility (if HRA is not availed)
- Medical expenses reimbursement
- Leave fare concession and leave encashment
- Mobile and telephone expenses
- Educational allowance for children
- Interest-free festival advance
- Loans and advances at concessional rates for housing, car, travel, etc.
- Gratuity and pension benefits under the New Pension Scheme (NPS)
Eligibility Criteria
Nationality
Applicants must be Indian citizens.
Educational Qualification
Candidates must have any 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), or Cost Accountant (CMA/ICWA)
- B.Tech / B.E. in any discipline
Work Experience
- Candidates must have at least 2 years of relevant experience in financial institutions, banks, PSUs, or reputed corporate firms.
- A total of 7 years of experience in an officer/executive cadre is required.
- Preference will be given to candidates with experience in banking, finance, and infrastructure sectors.
Skills Required
- Excellent communication, analytical, and drafting skills.
- Proficiency in computer applications and IT tools.
Selection Process
The recruitment process will consist of two phases:
Phase I – Online Examination
The exam will be objective type and consist of two sections:
Test I – General Aptitude (100 Marks, 60 Minutes)
- Reasoning – 25 Questions (25 Marks)
- Quantitative Aptitude – 25 Questions (25 Marks)
- English Language – 25 Questions (25 Marks)
- Current Affairs (Financial Sector) – 25 Questions (25 Marks)
Test II – Domain Knowledge (100 Marks, 60 Minutes)
Topics covered include:
- Project Finance, Corporate Banking, Treasury Management
- General Management and Risk Management
- Corporate Governance in the Banking Sector
- Accounting, Taxation, and Indian Economy
- Financial and Banking System in India
- Latest RBI/SEBI Guidelines
- IIFCL and Infrastructure Sector Knowledge
Phase II – Interview
Shortlisted candidates from the online exam will be called for a Technical and Behavioral Interview.
Probation and Posting
- Selected candidates will be placed on probation for 2 years, extendable up to 4 years.
- Candidates must be willing to work anywhere in India as per IIFCL’s requirements.
How to Apply
- Applications must be submitted online only.
- Candidates should carefully read the instructions before filling out the application form.
- They must ensure they meet the eligibility criteria before applying.
- Incomplete applications or applications with incorrect details will be rejected.
