India Infrastructure Finance Company Limited (IIFCL) provides an attractive salary and profit package to the selected candidates for the post of Manager (Grade B). The pay structure includes a competitive pay scale, various allowances, salary increase and transfer and posting for professional qualifications. In this article, we will cover the IIFCL manager salary 2025 in detail with other aspects such as pay scale, allowance, increase and posting.
IIFCL Manager Salary 2025
Selected candidates for IIFCL Manager Recruitment 2025 Grade B will receive an initial basic salary of .2 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 to ₹ 2,850 annually for the first nine years, reaching ₹ 80,850. After crossing the efficiency bar (EB), it will increase to ₹ 2,850 for the next two years and then to ₹ 3,300 for the next four years, reaching a maximum of ₹ 99,750 after 16 years of service. Apart from basic salary, the manager is also entitled to dearness allowance, grade allowance, local allowance, house rent allowance (HRA), family allowance and special allowance. Candidates who do not choose the option of housing will receive HRA, which is 15% of the basic salary. Selected candidates will also be covered under the new Pension Scheme (NPS) or any other scheme notified by the Government of India.
IIFCL Manager allowance 2025
In addition to basic salary, IIFCL managers get a range of allowances and allowances. The total cost of the company (CTC) for IIFCL Manager Grade B is about ₹ 23.5 lakhs per year. Allowance and allowances are listed below:-
- Lented in place of HRA
- Gratuity and Leave Fare Concession
- leave encashment
- Reimbursement of medical expenditure
- Food card benefits
- Mobile, residential telephone, and newspaper reimbursement
- Children’s education and book grant
- Briefcase allowance
- Allowance for housing residence
- Festival advance up to one month gross salary
- Loans and advances at concessional rates for cars, housing, travel and individual computers.
IIFCL manager growth for 2025
Candidates with Jaiib, Caiib, or other professional qualifications can get one or two additional increments in their salary based on the relevance of their qualifications. IIFCL management may increase two more increments to candidates with extraordinary skills, experience or expertise. These increments are provided based on performance, contribution and company policies, allowing highly qualified candidates to start with better salary package. The final decision is at the discretion of IIFCL, given the value of the candidate for the organization.
Probation and posting for IIFCL manager
The selected candidates will be on probation for two years, which can be extended for four years if necessary, according to the IIFCL decision. They can be posted or transferred anywhere in any office, vertical, or a subsidiary of IIFCL based on the company’s requirements. Following its terms and conditions, it will be decided to transfer by IIFCL from time to time. Since the posting can be at any place in the whole of India, the candidates should be ready to move whenever necessary. Those wishing to serve anywhere in India should apply, as the place preferences will not be considered by IIFCL.
