IIFCL Assistant Manager Salary 2024, Basic Pay, Salary Structure

India Infrastructure Finance Company Limited (IIFCL) has announced the IIFCL Assistant Manager Recruitment 2024, with 40 Grade A vacancies. The main attraction for candidates considering this position is the attractive salary structure. The salary package of Assistant Manager includes a competitive basic salary along with various allowances, making it an attractive option for job seekers.

IIFCL Assistant Manager Salary 2024

There are the salary structure of IIFCL Assistant Manager Recruitment 2024 and apart from the basic salary, IIFCL offers a variety of perks and allowances that contribute to the overall remuneration. These allowances may include dearness allowance (DA), house rent allowance (HRA), and other benefits, making this position financially rewarding. This article provides a detailed description of the IIFCL Assistant Manager Salary 2024, Basic Pay, Salary Structure, which will be supplemented by additional allowances upon successful completion of the probation period.

IIFCL Assistant Manager Salary 2024: Overview

The salary structure for the Assistant Manager position in the 2024 recruitment drive is one of the most attractive features of the role. To help candidates gain a quick overview, we have provided a summarized table outlining the Nainital Bank Salary 2024 below.

IIFCL Assistant Manager 2024: Salary Structure

The selected candidates will receive a starting basic pay of Rs. 44,500 per month, within the pay scale of Rs. 44,500 – 2,500 (4) – 54,500 – 2,850 (7) – 74,450 – EB – 2,850 (4) – 85,850 – 3,300 (1) – 89,150 (17 years). This pay scale is applicable to Officers in Grade A. In addition to the basic pay, they will be entitled to various allowances such as Dearness Allowance, Grade Allowance, Local Allowance, House Rent Allowance, Family Allowance, Special Allowance, and other benefits as per the prevailing rules and regulations.

IIFCL Grade A Salary 2024: Perks & Allowances

Apart from the attractive salary, candidates selected for the post of Assistant Manager will also get a variety of allowances and facilities. These include Dearness Allowance (DA), Grade Allowance, Local Allowance and House Rent Allowance (HRA), which ensure financial stability in different life situations. In addition, candidates will also get family allowance, special allowance and other benefits. These allowances contribute significantly to the overall income. Below are the types of allowances which you can see.

• Dearness Allowance (DA)
• Grade Allowance
• Local Allowance
• House Rent Allowance (HRA) – 15% of basic pay, if lease facility is not availed
• Family Allowance
• Special Allowance
• Gratuity
• Conveyance Facility
• Leave Fare Concession
• Residential Telephone
• Household Expenses
• Children’s Education Allowance
• Leave Encashment
• Reimbursement of Medical Expenses
• Reimbursement of Mobile Handset Charges
• Newspaper Allowance
• Loans

IIFCL Assistant Manager Probation

The IIFCL Assistant Manager position involves a probation period of 2 years, which may be extended up to 4 years, depending upon the discretion of IIFCL. During this probation, candidates can be posted, transferred or assigned to work in any of the IIFCL offices, branches, or subsidiaries across India, based on the company’s needs. It is important for the candidates to be flexible and willing to work anywhere in the country. The terms and conditions for these postings and transfers will be decided by IIFCL as per its requirements. Therefore, applicants should apply only if they are open to relocation.