IIFCL Assistant Manager Salary 2024: The India Infrastructure Finance Company Limited (IIFCL) has announced 40 vacancies for the post of Assistant Manager, offering a lucrative salary and attractive allowances. This article provides a detailed breakdown of the IIFCL Assistant Manager Salary 2024, including pay scale, allowances, and benefits. Candidates qualifying for all stages of the recruitment process will enjoy a competitive salary along with allowances such as Dearness Allowance (DA), Grade Allowance, House Rent Allowance (HRA), and more.
IIFCL Assistant Manager Salary 2024
The IIFCL Assistant Manager post offers an excellent pay structure and various benefits. In addition to a starting basic pay of Rs. 44,500 per month, candidates may receive additional increments if they possess qualifications like JAIIB/CAIIB or other professional certifications. The management also holds the discretion to grant up to two additional increments based on merit.
IIFCL Assistant Manager Pay Scale 2024
The selected candidates will be placed under the following pay scale:
| IIFCL Assistant Manager Salary 2024 Pay Scale WWW.SARKARIJOBLIST.COM | |
| Pay Scale | Duration |
|---|---|
| ₹ 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 salary structure provides a clear path for growth and promotion over time, making it a highly rewarding career opportunity.
IIFCL Grade A Salary Structure 2024
The following table outlines the gross monthly salary for the IIFCL Assistant Manager:
| IIFCL Assistant Manager Salary 2024 WWW.SARKARIJOBLIST.COM | |
| Pay Scale | Gross Salary (Monthly) |
|---|---|
| ₹ 44,500 – 2,500 (4) – 54,500 – 2,850 (7) – 74,450 – EB – 2,850 (4) – 85,850 – 3,300 (1) – 89,150 | ₹ 80,000 |
IIFCL Assistant Manager Allowances
The IIFCL Assistant Manager Salary includes numerous allowances and benefits:
- House Rent Allowance (HRA): 15% of basic pay if the lease facility is not availed.
- Dearness Allowance (DA)
- Grade Allowance
- Special Allowance
- Conveyance Facility
- Leave Fare Concession
- Newspaper Allowance
- Leave Encashment
- Residential Telephone
- Educational Allowance for Children
- Gratuity
- Medical Expenses
Additionally, employees will be governed by the New Pension Scheme (NPS) or other schemes as notified by the Government of India.
The cost to company for an Assistant Manager (Grade A) is ₹ 19 lakhs approximately.
Increment
Candidates possessing JAIIB/CAIIB/professional qualification may be given additional one/two increment in the pay scale stated above / as per company’s policy. The management may consider granting further maximum two increments in the scale of pay fixed for the Grade in which IIFCL the appointment is proposed to be made, in the case of deserving candidates. Management reserves the right with reference to grant of additional increments.
IIFCL Assistant Manager Probation Period
Selected candidates will undergo a probation period of 2 years, extendable up to 4 years at IIFCL’s discretion. During the probation, candidates may be posted or transferred across various offices, verticals, or subsidiaries of IIFCL anywhere in India. The terms and conditions for such postings will be decided by IIFCL.
Why Join IIFCL?
The IIFCL Assistant Manager position not only offers a handsome salary but also ensures professional growth through structured pay increments, extensive allowances, and a well-defined career progression plan. For aspirants seeking a stable and rewarding career, this opportunity stands out as an excellent choice.
Stay updated and prepare well for this prestigious position to secure a fulfilling career with India Infrastructure Finance Company Limited!
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