Employer Overview
India Infrastructure Finance Company Limited (IIFCL) is a wholly owned Government of India enterprise established in 2006. IIFCL provides long-term financial assistance for infrastructure projects, encompassing greenfield and brownfield ventures in diverse sectors such as transportation, energy, communication, and sanitation.
As a future-oriented organization, IIFCL fosters a culture of innovation, offering employees dynamic career opportunities and contributing to building the backbone of India’s economy.
Job Title
Assistant Manager (Grade A)
Vacancy Details
| Category | Number of Vacancies | PwBD Reservation |
|---|---|---|
| General/UR | 17 | 4 |
| SC | 5 | |
| ST | 2 | |
| OBC | 11 | |
| EWS | 5 | |
| Total | 40 | 4 |
Note: PwBD categories include candidates with benchmark disabilities in line with government guidelines.
Important Dates
| Event | Date |
|---|---|
| Start of Online Applications | December 7, 2024 |
| Last Date for Applications | December 23, 2024 |
| Cut-off Date for Eligibility | November 30, 2024 |
| Tentative Online Exam | January 2025* |
| Tentative Interviews | January/February 2025* |
| Final Results Announcement | January/February 2025* |
Dates are subject to change. Candidates are advised to visit IIFCL’s website for updates.
Eligibility Criteria
Age Limit (As of November 30, 2024)
- Minimum Age: 21 years
- Maximum Age: 30 years
- Relaxations apply for SC/ST, OBC, PwBD, and other eligible categories as per government norms.
Educational Qualifications and Experience
| Stream | Educational Qualification | Experience |
|---|---|---|
| Project Financing | PG in Finance or CA/CMA | Minimum 1-year experience in project financing or corporate credit. |
| Accounts | Chartered Accountant (CA) or CMA | Minimum 1-year experience in accounting or taxation. |
| IT | B.Tech/BE in IT/CS or PG in IT | Minimum 1-year experience in IT applications or cybersecurity. |
| Legal | LLB (Bachelor’s Degree in Law) | Minimum 1-year experience as a legal officer in banking/finance institutions. |
| Treasury | PG in Finance/Forex or CA/CMA with relevant certifications | Minimum 1-year experience in treasury or asset management functions. |
Note: Educational qualifications must be from UGC/AICTE-recognized institutions.
Pay Scale and Benefits
Pay Scale
The starting basic pay is Rs. 44,500 per month, within the range of Rs. 44,500–89,150 (17 years).
Additional Allowances
Employees will also receive:
- Dearness Allowance (DA)
- House Rent Allowance (HRA) or leased housing facilities
- Medical reimbursement
- Pension under the New Pension Scheme (NPS)
- Gratuity and various personal allowances
Perks and Benefits
Other perks include:
- Festival advance
- Meal cards
- Loan facilities for housing, car, and personal needs
- Educational benefits for children
Selection Process
Phase I – Online Examination
| Test Section | Questions | Maximum Marks | Duration |
|---|---|---|---|
| Reasoning | 25 | 25 | 60 minutes |
| Quantitative Aptitude | 25 | 25 | |
| English Language | 25 | 25 | |
| Current Affairs (Finance) | 25 | 25 | |
| Total (General Test) | 100 | 100 |
| Domain Knowledge | Questions | Maximum Marks | Duration |
|---|---|---|---|
| Specialized topics (Finance, IT, Law, etc.) | 50 | 100 | 60 minutes |
Key Points:
- Separate time allotments for General and Domain Knowledge tests.
- Negative marking of 0.25 marks for incorrect answers.
Phase II – Interview
Shortlisted candidates will attend a Technical and Behavioral Interview for 100 marks. Final selection will be based on combined scores from the Online Examination and Interview.
Application Process
How to Apply
- Visit the official website: www.iifcl.in.
- Register with a valid email ID and phone number.
- Fill in the application form with accurate details.
- Upload scanned copies of required documents, including photographs and signatures.
- Pay the application fee online.
- Submit the form and download the receipt for future reference.
Application Fee
| Category | Fee |
|---|---|
| SC/ST/PwBD | Rs. 100/- |
| UR/OBC/EWS | Rs. 600/- |
FAQs
- What is the last date to apply?
December 23, 2024. - Is there a reservation for PwBD candidates?
Yes, there is horizontal reservation for PwBD candidates across all categories. - What documents are required for the interview?
Original and self-attested copies of ID proof, educational certificates, caste certificates (if applicable), and experience letters. - Can I apply for multiple streams?
No, candidates can apply for only one stream. - Is there a negative marking in the online exam?
Yes, 0.25 marks will be deducted for each incorrect answer in Phase I. - What is the total pay package for the position?
The total CTC is approximately Rs. 19 lakhs per annum, including allowances and perks. - What is the probation period?
The probation period is 2 years, extendable up to 4 years. - How can I check the recruitment updates?
Visit the official website www.iifcl.in for regular updates. - What is the format for the online test?
The test includes reasoning, quantitative aptitude, English language, current affairs, and domain-specific questions. - Are there any age relaxations?
Yes, age relaxations are available for SC/ST, OBC, PwBD, and other eligible candidates as per government rules.
Disclaimer
Candidates are advised to ensure that all the details provided are accurate. Any discrepancy may result in disqualification. Visit the official website for detailed updates.
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