IIFCL Assistant Manager Salary 2026, Salary Structure, Basic Pay

The IIFCL Assistant Manager is an important factor for candidates applying for the IIFCL Recruitment 2026, aiming to fill 37 vacancies for the posts of Assistant Manager and Manager. Candidates selected for the Grade A post will receive a starting basic pay of ₹44,500 along with several allowances and benefits such as Dearness Allowance, House Rent Allowance, medical reimbursement, leave benefits, and other financial perks. In this article, we will provide complete details on the IIFCL Assistant Manager salary, including the pay scale, salary structure, allowances, probation period, and career growth.

IIFCL Assistant Manager Salary 2026

The IIFCL Assistant Manager Salary 2026 offers an attractive pay structure for candidates selected under the latest recruitment drive for 37 vacancies. The starting salary under the Grade A Assistant Manager pay scale includes Rs. 44,500, which can go up to Rs. 89,150 after regular increments. In addition to basic pay, shortlisted candidates also receive various perks and allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), and medical benefits.

IIFCL Assistant Manager Salary Overview

Before we dive into the IIFCL Assistant Manager Salary Structure and Pay Scale, refer to the table below for key updates and information:

IIFCL Assistant Manager Pay Scale 2026

The candidates who are selected for the post of Assistant Manager will have a starting basic pay of Rs 44,500. The overall pay scale is Rs. 44500 – 2500 (4) – 54500 -2850 (7) – 74450 – EB -2850 (4) – 85850 – 3300 (1) – 89150 (17 Years). This is a golden opportunity for the candidates to grab a reputed job in the India Infrastructure Finance Company Limited and enjoy a highly beneficial salary and promotion.

IIFCL Grade A Salary Structure 2026

The IIFCL Grade A Salary Structure 2025 will help the candidates to understand the pay scale and the gross salary per month.

IIFCL Assistant Manager Salary 2026: Allowances

In addition to the basic salary, selected candidates receive various allowances and benefits as per IIFCL rules. Major Allowances and Benefits include:

• Dearness Allowance (DA)
• Grade Allowance
• Local Allowance
• House Rent Allowance (15% of basic pay if lease facility is not used)
• Leased accommodation facility
• Medical expense reimbursement
• Leave Fare Concession (LFC)
• Leave encashment
• Meal card facility
• Mobile and residential telephone reimbursement
• Newspaper allowance
• Eye refraction allowance
• Household expenses reimbursement
• Children education allowance
• Book grant
• Briefcase allowance
• Furniture allowance for residence

Employees may also receive interest-free festival advances and concessional loans for:

• Car purchase
• Housing
• Personal computer or tablet
• Travel expenses

IIFCL Assistant Manager Career Growth

Employees get regular promotions based on performance over a period of time. The career growth of a Grade A Assistant Manager can look like the following:

• Assistant Manager (Grade A)
• Manager (Grade B)
• Assistant General Manager
• Deputy General Manager
• General Manager

IIFCL Assistant Manager Probation Period

The selected candidates would be on probation for 2 years, which is extendable up to a maximum of 4 years at the discretion of IIFCL. The selected candidates will be liable to be posted/transferred at the discretion of IIFCL to any office/verticals/subsidiaries of IIFCL anywhere in India, as per the discretion and requirement of IIFCL, from time to time, and on such terms and conditions as may be decided by IIFCL.

IIFCL Manager (Grade B) Salary 2026

Candidates selected for the Manager (Grade B) post will receive a starting basic pay of ₹55,200 per month. The official pay scale for the post is:

₹55,200 – 2,850 (9) – 80,850 – EB – 2,850 (2) – 86,550 – 3,300 (4) – 99,750 (16 years)

IIFCL Manager (Grade B) Allowances and Perks

Apart from the salary, Manager (Grade B) officers receive several benefits and facilities as per IIFCL rules. These include:

• Leased accommodation facility (in lieu of HRA)
• Medical expense reimbursement
• Leave Fare Concession (LFC)
• Leave encashment
• Meal card facility
• Mobile and residential telephone reimbursement
• Newspaper allowance
• Eye refraction allowance
• Household expenses reimbursement
• Children education allowance
• Book grant and briefcase allowance
• Furniture allowance for residence

IIFCL Manager (Grade B) CTC

The approximate Cost to Company (CTC) for the Manager (Grade B) post is around ₹23.5 lakh per annum, making it a highly attractive officer-level position in the organization.

IIFCL Manager (Grade B) Probation and Posting

Candidates selected for the Manager (Grade B) post will be placed on a probation period of 2 years, which may be extended up to 4 years at the discretion of IIFCL. Selected officers can be posted or transferred to any office, vertical, or subsidiary of IIFCL across India depending on organizational requirements.

Check: IIFCL Assistant Manager Syllabus 2026