IIFCL Manager Salary 2025, Pay Scale, Allowances, Increment and Posting

India Infrastructure Finance Company Limited (IIFCL) offers an attractive salary and benefits package to candidates selected for the post of Manager (Grade B). The salary structure includes a competitive pay scale, various allowances, increments for professional qualifications and provisions for transfers and postings. In this article, we will cover IIFCL Manager Salary 2025 in detail along with other aspects like Pay Scale, Allowances, Increment and Posting.

IIFCL Manager Salary 2025

Candidates selected for IIFCL Manager Recruitment 2025 in Grade B will receive a starting basic pay of ₹55,200 per month. The pay scale follows the structure: ₹55,200 – 2,850 (9) – 80,850 – EB – 2,850 (2) – 86,550 – 3,300 (4) – 99,750.

This means that the salary will increase by ₹2,850 annually for the first nine years, reaching ₹80,850. After crossing the Efficiency Bar (EB), it will continue to rise by ₹2,850 for the next two years and then by ₹3,300 for the next four years, reaching a maximum of ₹99,750 after 16 years of service. Apart from the basic pay, Managers are also entitled to Dearness Allowance, Grade Allowance, Local Allowance, House Rent Allowance (HRA), Family Allowance, and Special Allowance. Candidates who do not opt for leased accommodation will receive HRA, which is 15% of the basic pay. Selected candidates will also be covered under the New Pension Scheme (NPS) or any other scheme as notified by the Government of India.

IIFCL Manager Allowances 2025

Apart from the basic salary, IIFCL Managers receive a range of allowances and perks. The total Cost to Company (CTC) for an IIFCL Manager Grade B is approximately ₹23.5 lakhs per year. The allowances and perks are listed below:-

• Leased accommodation in place of HRA
• Gratuity and leave fare concession
• Leave encashment
• Reimbursement of medical expenses
• Meal card benefits
• Mobile, residential telephone, and newspaper reimbursements
• Children’s education and book grant
• Briefcase allowance
• Allowance for furnishing residence
• Festival Advance up to one month’s gross salary
• Loans and advances at concessional rates for car, housing, travel and personal computers.

Increment for IIFCL Manager 2025

Candidates with JAIIB, CAIIB, or other professional qualifications may receive one or two extra increments in their salary based on the relevance of their qualifications. IIFCL management can grant up to two more increments to candidates with exceptional skills, experience, or expertise. These increments are awarded based on performance, contributions, and company policies, allowing highly qualified candidates to start with a better salary package. The final decision is at IIFCL’s discretion, considering the candidate’s value to the organization.

Probation and Posting for IIFCL Manager

Selected candidates will be on probation for two years, which may be extended up to four years if needed, as per IIFCL’s decision. They can be posted or transferred anywhere in India to any office, vertical, or subsidiary of IIFCL based on the company’s requirements. Transfers will be decided by IIFCL from time to time, following its terms and conditions. Since postings can happen at any location across India, candidates must be ready to relocate whenever required. Only those willing to serve anywhere in India should apply, as location preferences will not be considered by IIFCL.