IIFCL Manager Salary Overview 2026
The salary structure for the IIFCL Manager position in 2026 commences with a basic pay of ₹55,200 per month, outlined under the pay scale of ₹55,200 – 2,850 (9) – 80,850 – EB – 2,850 (2) – 86,550 – 3,300 (4) – 99,750. This salary information is detailed in the latest recruitment notification (Advt. No. 2026/03, dated March 2026) from India Infrastructure Finance Company Limited.
This Grade B Manager role in the IIFCL, a Central Public Sector Undertaking (PSU) governed by the Ministry of Finance, provides competitive compensation, enticing allowances, and a total annual CTC estimated at ₹23.5 lakhs.
IIFCL Manager Salary Structure 2026
The compensation follows the IDA (Industrial Dearness Allowance) framework applicable to CPSEs.
| Particulars | Details |
|---|---|
| Basic Pay | ₹55,200 (initial) |
| Pay Progression | Structured increments, with an Efficiency Bar (EB) established at ₹80,850. |
| First phase increments | ₹55,200 + ₹2,850 (9 times) leading to ₹80,850 |
| Post-EB increments | ₹80,850 + ₹2,850 (2 times) leading to ₹86,550 |
| Final phase increments | ₹86,550 + ₹3,300 (4 times) culminating at ₹99,750 (maximum after approximately 16 years) |
Additional increments, not exceeding two, may be awarded to candidates possessing JAIIB/CAIIB certifications, professional qualifications, or exceptional experience and skills at the discretion of IIFCL.
Download Official IIFCL Manager Salary 2026
IIFCL Manager Allowances and Perks
- Dearness Allowance (DA) aligned with Government/CPSE regulations
- House Rent Allowance (HRA) or rental accommodation set at 15% of basic salary unless a government quarter is provided; rented housing is usually favored
- Compensation for city living costs
- Special Allowance / Grade Allowance
- Transport Allowance
- Medical Facilities and Reimbursement
- Leave Travel Concession (LTC)/Leave Fare Concession
- Provident Fund (PF) and New Pension Scheme (NPS)
- Gratuity
- Leave Encashment
- Reimbursement for Newspapers, Mobile/Residential Services
- Children’s Education Allowance, Book Grant
- Briefcase and Furniture Allowances
- Festival Advance up to one month’s gross salary
- Concessional Loans/Advances (for car, house, gold, PC)
- Additional perks such as Meal Cards, Eye Testing, and Domestic Help Reimbursement
IIFCL Manager Job Profile and Responsibilities
The Manager (Grade B) position focuses on financing infrastructure projects, which includes:
- Appraising and evaluating proposals for infrastructure projects across various sectors such as transport, energy, urban development, telecom, and social sectors
- Conducting financial analyses, risk assessments, and feasibility studies
- Structuring loans, managing syndication, and overseeing loan monitoring and recovery
- Coordinating with governmental bodies, banks, PSUs, and private sector stakeholders
- Implementing policies, financial reporting, and documentation
- Advising on project finance, structuring Public-Private Partnerships (PPP), and managing bidding processes
Postings may occur anywhere across India, and the role carries significant responsibilities within a critical infrastructure PSU.
IIFCL Manager Salary 2026 - FAQ
What is the starting salary of IIFCL Manager 2026?
The starting basic pay is ₹55,200 per month.
What is the pay scale of IIFCL Manager?
The pay scale is ₹55,200 – 2,850 (9) – 80,850 – EB – 2,850 (2) – 86,550 – 3,300 (4) – 99,750.
Is IIFCL Manager a government job?
Yes, it is a Central PSU role under the Ministry of Finance, providing substantial job security.
Does IIFCL provide job security?
Indeed, it offers excellent stability as a Public Sector Undertaking.
What is the job role of IIFCL Manager?
The job involves appraisal of infrastructure projects, financing, risk analysis, and coordinating with various stakeholders.