Introduction
Hello friends, Recently a new recruitment notification for the post of Assistant General Manager (AGM) has released by the The India Infrastructure Finance Company Limited (IIFCL). This is a senior-level government job opportunity which is meant for highly experienced professionals from banking, finance, IT, and related sectors.
Unlike the other regular competitive exams, this recruitment is mainly based on the candidate’s experience, resume, and interview performance. Candidates with strong professional backgrounds and leadership experience can apply for this prestigious job position.
About IIFCL
IIFCL stands for India Infrastructure Finance Company Limited. It is a Government of India-owned company that provides financial support for infrastructure projects across the country.
The organization recruits candidates at different levels:
- Grade A – Assistant Manager
- Grade B – Manager
- Grade C – Assistant General Manager (Current Recruitment)
The current notification is for Grade C posts, which are senior managerial positions.
Important Dates
| Event | Date |
|---|---|
| Application Start | Already Started |
| Last Date to Apply | 8 June 2026 |
| Cut-off Date for Eligibility | 30 April 2026 |
Candidates must make sure that their age, qualifications, and experience are valid as of 30 April 2026.
Vacancy Details
The recruitment is being conducted on a regular basis for AGM (Grade C) posts.
Category-wise Vacancies
| Category | Vacancies |
|---|---|
| Unreserved (UR) | 6 |
| OBC | 2 |
| EWS | 1 |
| SC | 0 |
| ST | 0 |
| Total | 9 |
Some vacancies may increase or decrease depending on organizational requirements.
Salary and Benefits
The post offers an excellent salary package along with government job benefits.
Salary Structure
| Component | Details |
|---|---|
| Starting Basic Pay | ₹77,950 per month |
| Approximate CTC | ₹42.9 Lakhs per annum |
| House Rent Allowance | 15% of Basic Pay |
| Other Benefits | DA, Grade Allowance, Local Allowance, Special Allowance |
The pay scale is also expected to be revised in the future, which means that salaries may further increases. Under this employment, Employees will additionally receive pension benefits under the National Pension System (NPS).
Probation and Posting
Selected candidates will be placed on the probation for one year. The company may extend the probation up to two years if required. Posting can be done anywhere in India or even abroad, depending on the company’s requirements.
Eligibility Criteria
Nationality:- Only Indian citizens are eligible to apply.
Age Limit
| Criteria | Details |
|---|---|
| Maximum Age | 45 Years |
| Cut-off Date | 30 April 2026 |
Note:- Candidates above 45 years of age on the cut-off date are not eligible.
Age Relaxation
| Category | Relaxation |
|---|---|
| SC/ST | 5 Years |
| OBC (NCL) | 3 Years |
| PwBD | 10 Years |
| PwBD + OBC | 13 Years |
| PwBD + SC/ST | 15 Years |
| Ex-Servicemen | 5 Years |
Educational Qualification and Experience
The recruitment includes multiple specialized streams. Every stream requires a minimum of 12 years of experience.
Experience Requirement
| Requirement | Details |
|---|---|
| Total Experience | Minimum 12 Years |
| Relevant Experience | Minimum 7 Years |
| Relevant Sectors | Banking, Financial Institutions, PSUs, Reputed Corporates |
Stream-wise Vacancy Details
1. Risk Management (A1)
| Criteria | Details |
|---|---|
| Vacancies | 2 |
| Qualification | CA, CMA, MBA, B.E./B.Tech, PG in Mathematics, Statistics, Economics, Commerce, Business Administration |
| Preferred Certifications | FRM, CFA, PRM, Sustainability & Climate Risk |
Candidates must have strong financial risk management experience.
2. Information Technology (A2)
| Criteria | Details |
|---|---|
| Vacancies | 2 |
| Qualification | B.E./B.Tech, MCA, M.Tech, M.Sc in CS, IT, Software Engineering, Electronics |
| Experience | 12 Years Total, 7 Years Relevant |
This profile is suitable for senior IT professionals with banking or PSU experience.
3. Chief Information Security Officer – CISO (A3)
| Criteria | Details |
|---|---|
| Vacancies | 1 |
| Qualification | B.E./B.Tech, MCA, M.Tech, M.Sc in Computer Science/IT |
| Experience | Minimum 12 Years |
Candidates should have cybersecurity and information security experience.
4. Treasury, Hedging and Forex (A4)
| Criteria | Details |
|---|---|
| Vacancies | 1 |
| Qualification | CA, CMA, MBA |
| Additional Requirement | CFA or FRM Certification Preferred |
This role focuses on foreign exchange management and treasury operations.
5. Project Finance and Sustainability Finance (A5)
| Criteria | Details |
|---|---|
| Vacancies | 3 |
| Qualification | CA, CMA, MBA, B.E./B.Tech, PG in Finance, Management, Economics, Commerce |
| Experience | 12 Years with Financial Sector Exposure |
This profile deals with infrastructure financing and sustainability projects.
Environment and Social Safeguard Profile
Candidates with qualifications in field like environmental sciences, social work, sociology, anthropology, climate science, or development studies may also apply under related streams.
Qualification Rules
IIFCL has clearly defined qualification requirements:
| Course Type | Minimum Duration |
|---|---|
| Graduation | 3 Years |
| Post Graduation | 2 Years |
| Diploma | 2 Years |
Only degrees from recognized universities approved by government regulatory bodies will be accepted.
Selection Process
The selection process is completely interview-based.
Stages of Selection
| Stage | Description |
|---|---|
| Application Screening | Based on Resume and Experience |
| Interview | Technical, Psychometric and Behavioral Assessment |
| Final Merit List | Based on Interview Marks |
Minimum Qualifying Marks
| Category | Minimum Marks in Interview |
|---|---|
| General/OBC/EWS | 60% |
| SC/ST | 55% |
Only candidates scoring these marks will be considered for the final merit list.
How to Apply
Candidates must apply through the official website of IIFCL.
Applications must be submitted before 8 June 2026.
Final Thoughts
This recruitment is an excellent opportunity for experienced professionals who is looking for a high-level government sector career. The salary package, benefits, and senior designation of this post makes it a prestigious position.
However, this recruitment is not suitable for freshers because every stream requires extensive professional experience. Candidates with strong banking, finance, IT, or infrastructure backgrounds should seriously consider applying.
