India Infrastructure Finance Company Limited (IIFCL), a wholly-owned Government of India enterprise, has announced direct recruitment for 37 permanent officer posts in 2026. If you’re a finance, banking, or infrastructure professional looking for a stable and rewarding government career, this is one of the better opportunities to land this year.
Applications open from 18 March 2026 and close on 10 April 2026 (midnight). The entire process — registration, fee payment, and exam — is managed through IBPS, the same trusted platform used for bank exams nationwide.
IIFCL finances large-scale national infrastructure projects — highways, ports, power plants, and urban transit systems. Working here puts you right at the crossroads of public policy and project finance. These aren’t contractual roles either; all 37 posts are on a regular (permanent) basis, which means job security, structured pay revisions, and full government benefits.
Vacancy Breakdown
Total Posts: 37
| Grade | Post Name | Vacancies |
|---|---|---|
| Grade A | Assistant Manager — Generalist | 31 |
| Grade A | Assistant Manager — Environment & Social Safeguard | 2 |
| Grade B | Manager — Generalist | 2 |
| Grade B | Manager — Environment & Social Safeguard | 2 |
| Total | 37 |
One important rule: you can apply for only one post — either Grade A or Grade B. Once submitted, this choice cannot be changed.
Eligibility Criteria
Nationality: Indian citizens only.
Age Limit (as on 28 February 2026)
- Grade A (Assistant Manager): 21 to 30 years
- Grade B (Manager): Must not have attained 40 years
Age Relaxation
- SC / ST: +5 years
- OBC (Non-Creamy Layer): +3 years
- PwBD (UR / EWS): +10 years
- PwBD (OBC): +13 years
- PwBD (SC / ST): +15 years
- Ex-Servicemen: +5 years
Educational Qualification
Candidates must hold a full-time degree from a UGC or AICTE-recognised institution. Accepted qualifications include PG Degree or Diploma (any discipline), LLB or BA+LLB (5-year integrated), CA, CS, CMA, B.Tech, B.E., or MBA.
For the Environment & Social Safeguard specialisation, relevant qualifications include Engineering, PG in Environmental Management or Sciences, or PG in Social Work, Sociology, Anthropology, or Economics.
Work Experience (as on 28 February 2026)
- Grade A — Generalist: Minimum 2 years post-qualification experience in an officer cadre in Banks, Financial Institutions, Government, PSUs, or reputed organisations.
- Grade A — Environment & Social Safeguard: Minimum 2 years of relevant experience in environmental or social impact work.
- Grade B — Generalist: 7 years overall experience, including at least 2 years in related finance areas, in an officer or executive cadre.
- Grade B — Environment & Social Safeguard: 7 years overall experience with a specific focus on environmental and social impact assessment, safeguard documentation, and management plans.
Note: Candidates must hold valid marksheets or degree certificates on the date of registration. Awaiting results or provisional certificates may not be accepted.
Salary and Perks
Grade A — Assistant Manager
Starting Basic Pay: ₹44,500 per month
Perks include Dearness Allowance, HRA at 15% or leased accommodation, Grade Allowance, Medical Benefits for self and family, Leave Fare Concession, and National Pension System (NPS) contributions.
Grade B — Manager
Starting Basic Pay: ₹55,200 per month
All Grade A perks apply, plus a higher Grade Allowance and additional increments available for JAIIB, CAIIB, or other professional qualifications.
Both grades carry a 2-year probation period (extendable to 4 years). Posting is anywhere in India and the role is transferable.
Selection Process
Phase 1 — Online Objective Examination (200 Marks)
The exam consists of two tests taken on the same day:
Test I (100 marks, 60 minutes): Reasoning, Quantitative Aptitude, English Language, and Current Affairs with a focus on the financial sector.
Test II (100 marks, 60 minutes): Domain Knowledge covering Project Finance, Banking, Risk Management, RBI and SEBI guidelines, and infrastructure finance concepts.
Negative marking applies — one-fourth of the marks for a question are deducted for each wrong answer.
Phase 2 — Personal Interview (100 Marks)
Candidates shortlisted from Phase 1 are called for a structured interview covering technical knowledge, professional background, and behavioural competencies. Interviews are typically held in New Delhi.
Final Merit Formula
Online Exam: 40% weightage Interview: 60% weightage
This means the interview carries more weight than the written test. Strong domain expertise and clear communication can make or break your final selection.
Application Fee
| Category | Fee |
|---|---|
| SC / ST / PwBD | ₹100 (Intimation charges only) |
| UR / EWS / OBC and all others | ₹600 (Exam fee + intimation charges) |
The fee is strictly non-refundable under any circumstances — including if your application is rejected or you choose not to appear for the exam. GST and bank transaction charges are also borne by the candidate. Applications without confirmed fee payment are automatically rejected.
Important Dates:
| Event | Date |
|---|---|
| Online Registration Opens | 18 March 2026 |
| Eligibility Cutoff Date | 28 February 2026 |
| Online Registration Closes | 10 April 2026 (midnight) |
| Tentative Online Exam | May / June 2026 |
| Tentative Interview | June / July 2026 |
| Final Result Declaration | July / August 2026 |
All official updates are published exclusively at www.iifcl.in.
How to Apply :
Step 1: Visit the official IBPS application portal at https://ibpsreg.ibps.in/iifcljan26/
Step 2: Register with a valid email and mobile number, or log in if you already have an IBPS account.
Step 3: Select your post — Grade A or Grade B. This cannot be changed after submission.
Step 4: Fill in the application form with your personal details, educational qualifications, and work experience. Double-check everything before proceeding.
Step 5: Upload your photograph, signature, and any required documents in the specified format and size.
Step 6: Pay the application fee online via net banking, debit or credit card, or UPI. Save the payment confirmation.
Step 7: Submit the application and download the confirmation PDF immediately. Keep it for future reference.
Free Pre-Recruitment Training for Reserved Category Candidates
IIFCL offers free online preparatory training for candidates from SC, ST, OBC (Non-Creamy Layer), and PwBD categories. You can opt into this programme directly within the application form. If you’re eligible, tick the box — it’s a valuable, no-cost resource to boost your preparation.
Important Links
- Apply Online: https://ibpsreg.ibps.in/iifcljan26/
- Official Website: https://www.iifcl.in
Always verify all details at www.iifcl.in before applying. Information is based on the official notification released 18 March 2026.
