The India Infrastructure Finance Company Limited (IIFCL) has released the IIFCL Grade A and Grade B Recruitment 2025 notification to fill 8 vacancies for Grade A (Assistant Manager) and Grade B (Manager) posts. If you’re someone who’s been waiting for a golden opportunity in the infrastructure finance space, it’s great news for you. The online application starts on 16th April 2025 and ends on 14th May 2025 via the official portal. The exam is tentatively scheduled for May/June 2025. Read the blog to know all the additional information in detail.
IIFCL Grade A and B Recruitment 2025 Notification Out
A total of 8 vacancies have been announced (4 for Assistant Manager (Grade A) and 4 for Manager (Grade B)) by the IIFCL Projects Limited (IPL). To compete for these 8 positions, the candidate will have to meet the eligibility criteria. The interested candidates can apply for this position before 14th May 2025. A candidate who’s selected for the Grade B (Manager) position will draw an initial salary of ₹55,200 per month. The candidates selected for the Grade A (Assistant Manager) position will draw an initial salary of ₹44,500 per month, along with many allowances. It is advised to carefully read the official notification PDF provided below.
IIFCL Manager Notification 2025 PDF – Click to Download
IIFCL Grade A and B Recruitment 2025 Highlights
The IIFCL Projects Limited (IPL) has announced the Grade A (Assistant Manager) and Grade B (Manager) recruitment for 2025. In the table below you can find the key highlights:
| Aspect | Details |
| Organization | India Infrastructure Finance Company Limited (IIFCL) |
| Recruitment Type | IIFCL Grade A and B Recruitment 2025 |
| Position | Manager – Grade B Officer Assistant – Grade A Officer |
| Total Vacancies | Manager (Grade B): 4 Assistant Manager (Grade A): 4 |
| Category | Recruitment |
| Application Period | 16th April to 14th May 2025 |
| Educational Qualification | Postgraduate, LLB, CA, CS, CMA, B.Tech, or B.E. |
| Age Limit | Manager (Grade B): Not above 40 years Assistant Manager (Grade A): Not above 30 years |
| Experience | Manager (Grade B): Minimum 7 years, with at least 2 years in relevant domains Assistant Manager (Grade A): Minimum 2 years in relevant domains |
| Application Fee | ₹600/- (General) / ₹100/- (SC/ST) |
| Basic Pay | Manager (Grade B): Starting Basic Pay of ₹55,200/- Assistant Manager (Grade A): Starting Basic Pay of ₹44,500/- |
| Official Website | www.iifcl.in |
IIFCL Grade A and B Recruitment 2025 Important Dates
Candidates interested in applying for the IIFCL Grade A (Assistant Manager) and Grade B (Manager) positions should take note of the following crucial dates:
| Events | Important Dates |
| Online Application Starts | 16 April 2025 |
| Online Application Ends | 14 May 2025 |
| Cut-off Date for Age and Educational Qualification Eligibility | 31 March 2025 |
| Tentative Online Exam Date | May/June 2025 |
| Tentative Interview Schedule | May/June 2025 |
| Final Result Declaration | June/July 2025 |
IIFCL Grade A and B Recruitment 2025 Apply Online Link
The interested and eligible candidates can register for the positions of Grade A and Grade B Officers through the online portal of IIFCL. The application link will be active from 16 April 2025 and will remain active till 14 May 2025. The forms can only be submitted online. Below you can find the steps to apply online.
Steps to Apply Online:
- Visit the official website: Navigate to the official website of IIFCL.
- Access the Application Portal: On the homepage, click on the “Careers” section, then select the relevant recruitment advertisement for Grade A and B positions.
- Read the Instructions Carefully: Before proceeding, ensure you thoroughly read the detailed advertisement and instructions provided in the official notification.
- Register and Fill the Application Form: Click on the “Apply Online” link, register with your details, and complete the application form with accurate information.
- Upload Required Documents: Scan and upload necessary documents, including your photograph, signature, and any other specified certificates.
- Pay the Application Fee: Proceed to pay the applicable fee online as per your category.
- Submit and Save: After completing all steps, submit the application and save or print the confirmation page for future reference.
IIFCL Grade A and Grade B Recruitment 2025: Click here to Apply Online (registration will start soon)
IIFCL Manager and Assistant Manager Vacancy 2025
A total of 8 vacancies have been announced by IIFCL for Grade B (Manager) and Grade A (Assistant Manager) positions.
| Post | General (UR) | EWS | OBC | SC | ST | Total |
|---|---|---|---|---|---|---|
| Manager (Grade B) | 1 | — | 1 | 1 | 1 | 4 |
| Assistant Manager (Grade A) | 3 | — | 1 | — | — | 4 |
OBC candidates from the “creamy layer” should apply under the General/UR category.
IIFCL Manager and Assistant Manager Eligibility Criteria 2025
It is mandatory for the candidates to meet the eligibility criteria, like the age limit, educational qualifications, and work experiences. The candidates are requested to make sure they meet the required criteria before applying. Below you can find the details about the eligibility criteria, like the age limit, educational qualifications, and the minimum work experience.
IIFCL Manager (Grade B) Eligibility Criteria 2025
| Criteria | Details |
|---|---|
| Educational Qualification | Graduate/post-Graduate in any discipline OR MBA/PGDBM/B.Tech/CA/CWA/LLB |
| Experience Required | Minimum 7 years overall, including at least 2 years in Financial Advisory, Project Finance, PPP Structuring, Public Procurement, Legal Advisory, etc. |
| Age Limit (as on 31 March 2025) | Maximum 40 years (Relaxation as per category rules) |
IIFCL Assistant Manager (Grade A) Eligibility Criteria 2025
| Criteria | Details |
|---|---|
| Educational Qualification | Graduate / Post-Graduate in any discipline OR MBA / PGDBM / B.Tech / CA / CWA / LLB |
| Experience Required | Minimum 2 years in Financial Institution, Commercial Bank, or areas like Financial Advisory, Project Appraisal, Legal Advisory, etc. |
| Age Limit (as on 31 March 2025) | Maximum 30 years (Relaxation as per category rules) |
IIFCL Manager and Assistant Manager Application Fee 2025
Candidates applying for the Manager (Grade B) and Assistant Manager (Grade A) positions at IIFCL Projects Limited (IPL) are required to pay the application fee based on their category:
- SC/ST/PwBD Candidates: ₹100/- (Intimation Charges)
- All Others (including UR/EWS/OBC): ₹600/- (Examination Fee + Intimation Charges)
Note: The application fee should be paid online through the official website during the application process.
IIFCL Manager and Assistant Manager Selection Process 2025
The selection process for the Manager (Grade B) and Assistant Manager (Grade A) positions at IIFCL Projects Limited (IPL) involves multiple stages. There are two main phases:
- Online Examination (Phase I): There will be an online test to examine the technical knowledge, reasoning ability, and general awareness of the candidates.
- Interview (Phase II): The candidates who clear Phase I will be eligible for Phase II, which is the interview round, where they will be evaluated based on their technical and behavioral competencies.
IIFCL Grade A and Grade B 2025 Exam Pattern
IIFCL Manager (Grade B) 2025 Exam Pattern
| Test | Section | No. of Questions | Max. Marks | Duration |
|---|---|---|---|---|
| Test I | Reasoning | 25 | 25 | |
| Quantitative Aptitude | 25 | 25 | ||
| English Language | 25 | 25 | 60 minutes | |
| Current Affairs (Financial Sector) | 25 | 25 | ||
| Total (Test I) | 100 | 100 | ||
| Test II | Domain Knowledge (Finance, Infra, etc.) | 50 | 100 | 60 minutes |
| Grand Total | 150 | 200 | 2 hours |
IIFCL Assistant Manager (Grade A) 2025 Exam Pattern
| Test | Section | No. of Questions | Max. Marks | Duration |
|---|---|---|---|---|
| Test I | Reasoning | 25 | 25 | |
| Quantitative Aptitude | 25 | 25 | ||
| English Language | 25 | 25 | 60 minutes | |
| Current Affairs (Financial Sector) | 25 | 25 | ||
| Total (Test I) | 100 | 100 | ||
| Test II | Domain Knowledge (Finance, Infra, etc.) | 50 | 100 | 60 minutes |
| Grand Total | 150 | 200 | 2 hours |
Note : 0.25 marks will be deducted for each wrong answer in each exam.
IIFCL Grade A and Grade B 2025 Salary
In the table below, you can find the salary structure of Grade A and Grade B officers.
| Component | Manager (Grade B) | Assistant Manager (Grade A) |
|---|---|---|
| Basic Pay (Starting) | ₹55,200/- per month | ₹44,500/- per month |
| Pay Scale | ₹55,200 – 2,850 (9) – 80,850 – EB – 2,850 (2) – 86,550 – 3,300 (4) – 99,750 | ₹44,500 – 2,500 (4) – 54,500 – 2,850 (7) – 74,450 – EB – 2,850 (4) – 85,850 – 3,300 (1) – 89,150 |
| Total Annual CTC | Approx. ₹23.5 lakhs | Approx. ₹19 lakhs |
| House Rent Allowance (HRA) | 15% of Basic Pay (if lease facility not availed) | 15% of Basic Pay (if lease facility not availed) |
| Perks & Allowances | Dearness Allowance, Grade Allowance, Local Allowance, Family Allowance, Special Allowance, Leased Accommodation, Medical Reimbursement, Leave Fare, Loans, etc. | Same as Grade B – applicable as per rules |
| Pension Scheme | Defined Contribution NPS | Defined Contribution NPS |
| Other Benefits | Festival Advance, Book Grants, Mobile Reimbursement, Child Education, etc. | Same as Grade B – applicable as per rules |
FAQs
A total of 8 vacancies have been released – 4 for Manager (Grade B) and 4 for Assistant Manager (Grade A).
The last date to apply online is 14th May 2025. Make sure to apply before the deadline!
The selection process includes:
Phase I – Online Examination
Phase II – Interview (Technical + Behavioural)
Manager (Grade B): Approx ₹23.5 LPA
Assistant Manager (Grade A): Approx ₹19 LPA
Both posts come with excellent perks and allowances.
SC/ST/PwBD: ₹100
Others: ₹600
The fee is non-refundable and should be paid online.
Manager (Grade B): Max 40 years
Assistant Manager (Grade A): Max 30 years
Age relaxation is available as per Govt. rules.
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