Banking | IIFCL
Experienced-officer recruitment into IIFCL, the government's infrastructure-finance institution, through a two-test online exam weighted to domain knowledge, then an interview.
IIFCL Assistant Manager (Grade A) in India Infrastructure Finance Company Limited is conducted by India Infrastructure Finance Company Limited. Selection runs through 3 stages: Phase I: Online Examination (Test I, general aptitude), Phase I: Online Examination (Test II, professional knowledge), Phase II: Interview (technical and behavioural).
| Event | Date | Status |
|---|---|---|
| 2026 recruitment notification IIFCL advertised Assistant Manager (Grade A) posts in early 2026. The application window for that cycle has closed; the exam, result and any next notification should be checked on iifcl.in, as dates on this page are indicative. | To be announced | Not announced |
| Online examination (Test I and Test II) For applicants of the current cycle. The date, shift and centre are on the call letter downloaded from the portal. | To be announced | Not announced |
| Interview (technical and behavioural) For candidates shortlisted from the online exam. | To be announced | Not announced |
A postgraduate degree or diploma in a relevant discipline, or a professional qualification such as CA, CS, CMA or LLB (five-year integrated), or a B.E. or B.Tech, as specified for the stream.
Crucially, this is not an entry-level exam: candidates need at least two years of post-qualification experience in the officer cadre in a bank, financial institution, government organisation, PSU or other reputable organisation. The exact degree and experience differ by stream, such as Generalist or Environment and Social Safeguard.
21 to 30 years as on 28 February 2026 for the 2026 cycle; confirm the cut-off date in the current notification.
A candidate must be one of the following:
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| Category | Fee |
|---|---|
| General, OBC and EWS Application fee plus intimation charges in the most recent cycle, non-refundable. Confirm the current figure from the notification. | ₹1,000 |
| SC, ST and PwBD Intimation charges only in the most recent cycle, non-refundable. | ₹150 |
Fees have been stable across recent cycles but are the kind of detail a notification can revise. Confirm on the official notification before paying.
Stage by stage structure with question counts, marks, timing and the marking scheme.
| Section | Questions | Marks |
|---|---|---|
| Reasoning | 25 | 25 |
| Quantitative Aptitude | 25 | 25 |
| English Language | 25 | 25 |
| Current Affairs (financial sector) | 25 | 25 |
| Total | 100 | 100 |
Duration: 1 hr|Negative marking: 1/4 mark per wrong answer
| Section | Questions | Marks |
|---|---|---|
| Domain knowledge: project finance, corporate banking, treasury, risk, governance, accounting and the Indian economy | 50 | 100 |
| Total | 50 | 100 |
Duration: 1 hr|Negative marking: 1/4 mark per wrong answer
Duration: Varies|Negative marking: None
Every subject in the paper, topic by topic. Open a subject for its weightage in this exam, the full topic list and the mock tests, practice sets and notes that cover it.
Register on the IIFCL recruitment portal
Open the Careers section on iifcl.in, choose the Assistant Manager advertisement and register with your name, email and mobile number. Save the registration number and password.
Fill the application and enter your experience
Complete the form with your postgraduate or professional qualification, your two-plus years of officer-cadre experience and your stream, since eligibility hinges on these.
Upload documents and pay the fee
Upload photograph, signature, experience proof and any required documents, then pay the fee online or claim the exemption. Save the e-receipt and the application printout.
Figures follow IIFCL's wage structure and the city of posting. Treat them as indicative and confirm from the official notification.
Written to this exam's pattern, with the same interface, sectional locking and marking scheme you will face on exam day.
IIFCL Assistant Manager: 23-question practice mock
23 questions | 23 min
Free question banks with worked solutions for the topics IIFCL Assistant Manager tests. Drill one topic at a time, then sit a full mock and keep a daily habit going.
Generally no. IIFCL Assistant Manager requires at least two years of post-qualification experience in the officer cadre, so it is aimed at working professionals rather than fresh graduates, unlike most bank PO exams.
Test II is professional domain knowledge, 50 questions of two marks each for 100 marks, which is half the written exam. Project finance, treasury, risk and the financial system decide your written score more than the aptitude of Test I.
The online exam and the interview are combined in a 40:60 ratio, so the 100-mark interview carries more weight than the written exam. You must clear each stage separately.
Yes, one fourth of the marks assigned to a question. Since Test II questions are worth two marks each, a wrong answer there costs half a mark.
Last verified 20 August 2026(36 days ago, by editorial)
Not yet confirmed for this cycle: status, the schedule, the vacancy count, the application fee, pay scale and gross pay. Where we have a figure from previous cycles we show it and label it as expected; where we do not, the page says "to be announced". Check the official source below before you rely on any of it.
Official sources
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