IIFCL Manager Salary 2026: Check Pay Scale, Perks, Allowances and Responsibilities

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

IIFCL Manager Salary Structure 2026

The salary follows IDA pattern (Industrial Dearness Allowance) applicable to CPSEs.

• Basic Pay: ₹55,200 (initial)

• Pay Progression: Structured increments every few years, with an Efficiency Bar (EB) at ₹80,850.

• First phase: ₹55,200 + ₹2,850 increments (9 times) → ₹80,850

• Post-EB: ₹80,850 + ₹2,850 (2 times) → ₹86,550

• 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

• Dearness Allowance (DA) – As per Government/CPSE norms

• House Rent Allowance (HRA) or Leased Accommodation (15% of basic if no govt quarter; often leased housing preferred)

• City Compensatory Allowance (CCA)

• Grade Allowance / Special Allowance

• Medical Facilities & Reimbursement

• Leave Travel Concession (LTC) / Leave Fare Concession

• Provident Fund (PF) & New Pension Scheme (NPS)

• Gratuity

• Newspaper Reimbursement, Mobile/Residential Telephone

• Children’s Education Allowance, Book Grant

• Briefcase Allowance, Furniture Allowance

• Festival Advance (up to one month’s gross salary)

• Concessional Loans/Advances (car, house, gold, PC)

• Other perks: Meal card, Eye testing, Domestic help reimbursement

IIFCL Manager Job Profile & Responsibilities

Manager (Grade B) roles focus on infrastructure financing:

• Appraisal and evaluation of infrastructure project proposals (transport, energy, urban development, telecom, social sectors)

• Financial analysis, risk assessment, feasibility studies

• Loan structuring, syndication, monitoring & recovery

• Coordination with government bodies, banks, PSUs, private stakeholders

• Policy implementation, financial reporting, documentation

• Project finance advisory, PPP structuring, bid process management

Postings: Anywhere in India (transferable to offices/subsidiaries). High-responsibility role in a key infrastructure PSU.