IIFCL Assistant Manager & Manager Recruitment 2026: 60 Vacancies Out
A stellar opportunity for experienced professionals! India Infrastructure Finance Company Limited (IIFCL), a wholly-owned Government of India Enterprise, has released the official recruitment notifications for the posts of Officers in Grade A (Assistant Manager) and Grade B (Manager). With an impressive compensation package reaching up to Rs. 24 Lakhs per annum, IIFCL has announced a total of 60 vacancies across multiple specialized streams. Please note that the closing date for online registration is April 02, 2026. Below is the complete decoded breakdown from the official notification.
📌 Quick Facts: IIFCL Recruitment 2026
| Organization | India Infrastructure Finance Company Limited (IIFCL) |
| Post Names | Grade A (Asst. Manager) & Grade B (Manager) |
| Total Vacancy | 60 Posts (40 Grade A + 20 Grade B) |
| Selection Process | Online Examination (Phase I) + Interview (Phase II) |
| Apply Mode | Online Only |
📅 Important Dates & Deadlines
- Opening of Online Registration: 11.03.2026
- Closing of On-line Registration & Payment: 02.04.2026
- Cut-off Date for Age & Qualification: 28.02.2026
- Tentative Date for Online Examination: April 2026
📊 Detailed Vacancy Breakdown
The 60 vacancies are distributed between the Grade A and Grade B roles. Candidates can apply for only ONE post across all streams.
1. Grade A - Assistant Manager (40 Posts)
Category Split: UR: 17, SC: 05, ST: 02, OBC: 11, EWS: 05
- Project Financing / Stressed Asset Mgmt: 4 Posts
- Accounts: 5 Posts
- Resource and Treasury: 2 Posts
- Information Technology (IT): 2 Posts
- Legal: 2 Posts
- General Stream & Others: 25 Posts
2. Grade B - Manager (20 Posts)
Category Split: UR: 08, SC: 03, ST: 01, OBC: 06, EWS: 02
- Project Financing / Stressed Asset Mgmt: 5 Posts
- Accounts: 2 Posts
- Information Technology (IT): 2 Posts
- Legal: 2 Posts
- General Stream & Others: 9 Posts
🎯 In-Depth Eligibility Criteria (As on 28.02.2026)
1. Assistant Manager (Grade A)
- Age Limit: Minimum 21 Years to Maximum 30 Years.
- Experience: Must possess a minimum of 01 year of post-qualification experience in the officer cadre in Banks/FIs/Govt/PSUs.
- Education: Post-Graduate Degree / MBA / CA / CMA / B.Tech / LLB (depending on the stream applied for).
2. Manager (Grade B)
- Age Limit: Minimum 25 Years to Maximum 35 Years.
- Experience: Must possess a minimum of 05 years of post-qualification experience in the officer cadre in Banks/FIs/Govt/PSUs.
- Education: Post-Graduate Degree / MBA / CA / CMA / B.Tech / LLB (depending on the stream applied for).
Age Relaxations Applicable (Both Posts):
| Category | Age Relaxation |
|---|---|
| SC / ST | Up to 5 Years |
| OBC (Non-Creamy Layer) | Up to 3 Years |
| Persons with Benchmark Disability (PwBD) | 10 Years (UR), 13 Years (OBC), 15 Years (SC/ST) |
| Ex-Servicemen | Up to 5 Years |
⚠️ Don't Let Your Form Get Rejected!
IBPS servers are handling this application. If your files do not meet these exact specifications, your form will be cancelled automatically:
- Photograph: 20 KB to 50 KB (Must be 4.5cm x 3.5cm / 200x230 pixels)
- Signature: 10 KB to 20 KB (Black ink only, NO capital letters)
- Left Thumb Impression: 20 KB to 50 KB (Black/Blue ink, 240x240 pixels)
- Hand-written Declaration: 50 KB to 100 KB (English only, Black ink, 800x400 pixels)
💳 Application Fee
- General / OBC / EWS Candidates: Rs. 600/- (Examination Fee + Intimation Charges).
- SC / ST / PwBD Candidates: Rs. 100/- (Intimation Charges only).
💵 Salary, Pay Scale & Career Prospects
Selected Candidates will enjoy a highly lucrative compensation package under the defined New Pension Scheme (NPS):
- Assistant Manager (Grade A): Pay Scale Rs. 44500 - 89150. Approximate CTC: Rs. 19 Lakhs per annum.
- Manager (Grade B): Pay Scale Rs. 55200 - 99750. Approximate CTC: Rs. 24 Lakhs per annum.
- Allowances & Perks: Includes DA, Grade Allowance, HRA (15% if lease facility not availed), Medical Reimbursement, Leave Fare Concession, Mobile allowance, Festival Advance, and concessional loans.
- Probation: 2 years (extendable).
🧠 Detailed Exam Pattern & Selection Process
The Selection procedure comprises two phases. The online examination has a weightage of 40%, and the Interview carries a 60% weightage.
Phase I: Online Examination (200 Marks, 120 Mins)
The test consists of objective-type multiple-choice questions divided into two main sections:
-
Test I (General Aptitude)
Max Marks: 100 | Duration: 60 Minutes | Total Questions: 100 (1 mark each)
Sections: Reasoning (25 Qs), Quantitative Aptitude (25 Qs), English Language (25 Qs), Current Affairs related to Financial Sector (25 Qs). -
Test II (Domain Knowledge)
Max Marks: 100 | Duration: 60 Minutes | Total Questions: 50 (2 marks each)
Syllabus Includes: Project Finance, Corporate Banking, Risk Management, Corporate Governance, Accounting/Taxation, Indian Economy, RBI/SEBI Guidelines.
Negative Marking: Yes! There will be a penalty for wrong answers (1/4th of the marks assigned to that question will be deducted).
Phase II: Interview (100 Marks)
Candidates shortlisted from Phase I will face a Technical and Behavioural interview in New Delhi. Candidates may opt to answer in Hindi or English.
🔗 Important Official Links
🚀 Explore More Upcoming Govt Jobs
⏳ Final Reminder
Ensure you submit your application and upload the 4 correctly sized IBPS documents well before the April 02, 2026 deadline. Do not wait for the servers to slow down!