IIFCL Manager Salary 2026 starts with a basic pay of ₹55,200 per month under the official pay scale of ₹55,200 – 2,850 (9) – 80,850 – EB – 2,850 (2) – 86,550 – 3,300 (4) – 99,750 (over 16 years), as per the latest IIFCL recruitment notification (Advt. No. 2026/03, dated March 2026).
This Grade B Manager post in India Infrastructure Finance Company Limited (a Central PSU under the Ministry of Finance) offers attractive emoluments, allowances, and benefits, with an approximate annual CTC of ₹23.5 lakhs.
IIFCL Manager Salary 2026 – Overview
| Particulars | Details |
|---|---|
| Organization | India Infrastructure Finance Company Limited (IIFCL) |
| Post Name | Manager (Grade B) |
| Basic Pay (Starting) | ₹55,200 per month |
| Pay Scale | ₹55,200 – 2,850 (9) – 80,850 – EB – 2,850 (2) – 86,550 – 3,300 (4) – 99,750 |
| Approximate Annual CTC | ₹23.5 lakhs (including allowances & benefits) |
| Job Type | Central Public Sector Undertaking (PSU) |
| Probation Period | 2 years (extendable up to 4 years) |
IIFCL Manager Salary Structure 2026
The salary follows IDA pattern (Industrial Dearness Allowance) applicable to CPSEs.
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Basic Pay: ₹55,200 (initial)
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Pay Progression: Structured increments every few years, with an Efficiency Bar (EB) at ₹80,850.
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First phase: ₹55,200 + ₹2,850 increments (9 times) → ₹80,850
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Post-EB: ₹80,850 + ₹2,850 (2 times) → ₹86,550
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Final phase: ₹86,550 + ₹3,300 (4 times) → ₹99,750 (maximum after ~16 years)
Additional increments (up to 2) may be granted for candidates with JAIIB/CAIIB, professional qualifications, or exceptional experience/skills, at IIFCL's discretion.
Download Official IIFCL Manager Salary 2026 - Click Here
IIFCL Manager Allowances & Perks
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Dearness Allowance (DA) – As per Government/CPSE norms
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House Rent Allowance (HRA) or Leased Accommodation (15% of basic if no govt quarter; often leased housing preferred)
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City Compensatory Allowance (CCA)
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Grade Allowance / Special Allowance
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Conveyance Allowance
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Medical Facilities & Reimbursement
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Leave Travel Concession (LTC) / Leave Fare Concession
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Provident Fund (PF) & New Pension Scheme (NPS)
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Gratuity
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Leave Encashment
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Newspaper Reimbursement, Mobile/Residential Telephone
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Children’s Education Allowance, Book Grant
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Briefcase Allowance, Furniture Allowance
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Festival Advance (up to one month’s gross salary)
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Concessional Loans/Advances (car, house, gold, PC)
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Other perks: Meal card, Eye testing, Domestic help reimbursement
IIFCL Manager Job Profile & Responsibilities
Manager (Grade B) roles focus on infrastructure financing:
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Appraisal and evaluation of infrastructure project proposals (transport, energy, urban development, telecom, social sectors)
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Financial analysis, risk assessment, feasibility studies
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Loan structuring, syndication, monitoring & recovery
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Coordination with government bodies, banks, PSUs, private stakeholders
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Policy implementation, financial reporting, documentation
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Project finance advisory, PPP structuring, bid process management
Postings: Anywhere in India (transferable to offices/subsidiaries). High-responsibility role in a key infrastructure PSU.
