The IIFCL Grade B Recruitment 2026 has been announced on 18 March 2026, offering a great opportunity for candidates interested in the finance sector.
With a starting basic pay of ₹55,200 and a cost to the company of around ₹23.5 lakh, the IIFCL Grade B job offers a good salary, stability, and work-life balance.
The selection process of the IIFCL Manager exam includes a single written exam of 200 marks followed by a personal interview of 100 marks.
In this article, I will share all the important details you need to know about the IIFCL Grade B exam.
What if IIFCL?
- The full form of IIFCL is India Infrastructure Finance Company Limited.
- Set up in 2006, it is a government-owned company that provides financial support for large infrastructure projects in India, such as:
- Roads and highways
- Power projects
- Airports and ports
- Urban infrastructure
What is IIFCL Grade B?
IIFCL Grade B is a Manager-level officer post in India Infrastructure Finance Company Limited. As a Grade B officer, you play a key role in financial decision-making and operations.
- Exam Pattern
- Eligibility Criteria
- Complete Syllabus
- Preparation Strategy
What is the IIFCL Grade B Exam?
The IIFCL Grade B Exam is a recruitment exam conducted to select candidates for the Manager (Grade B) post in IIFCL to work in financing and managing infrastructure projects.
| IIFCL Grade B 2026 Key Highlights | |
| Exam Name | IIFCL Grade B |
| Exam Level | National |
| Organization Name | India Infrastructure Finance Company Limited (IIFCL) |
| Post Name | Grade B / Manager |
| Vacancies | 4 |
| Registration Start Date | 18 March 2026 |
| Selection Stages | Phase 1 and Interview |
| Mode of Exam | Online (Computer-Based Test) |
| Help Desk | https://cgrs.ibps.in 022-2653 9895 022-2653 9896 |
| Official website | https://www.iifcl.in 011-24662777 |
Is the IIFCL Grade B Notification 2026 Out?
Yes, IIFCL has officially released the IIFCL Grade B Notification 2026 on 18 March 2026.
Click on the link to download the detailed IIFCL Grade B Notification 2026.
IIFCL Grade B Vacancy Details
In the 2026 recruitment cycle, IIFCL has released 4 Grade B vacancies.
Important IIFCL Grade B Exam Dates 2026
Here’s a quick look at the important exam dates of the IIFCL Grade B 2026 exam:
| IIFCL Grade B 2026 Important Dates | |
| Event | Dates |
| IIFCL Grade B Notification 2026 | 18 March 2026 |
| IIFCL Grade B Online Application Start Date | 18 March 2026 |
| IIFCL Grade B Online Application Last Date | 10 April 2026 |
| IIFCL Grade B Phase 1 Exam | May/June 2026 (Tentative) |
| IIFCL Grade B Interview | June/July 2026 (Tentative) |
| Final Result | July/August 2026 (Tentative) |
- Exam Pattern
- Eligibility Criteria
- Complete Syllabus
- Preparation Strategy
What is the Pattern of the IIFCL Grade B Exam?
The IIFCL Grade B selection process has 2 stages:
- Phase 1: Online Written Examination (Objective type)
- Phase 2: Interview (Technical and Behavioural)
Only candidates qualifying for Phase 1 will be called for the Interview stage.
IIFCL Grade B Phase 1 Pattern
- Mode: Online Objective Test
- Number of Papers: It consists of 2 tests:
- Test 1: General Aptitude
- Test 2: Domain Knowledge.
- Total Marks: 200
- Test 1 carries 1 mark for each question
- Test 2 carries 2 marks for each question
- Duration: 120 minutes
- Test 1: 60 Minutes (No sectional timing)
- Test 2: 60 Minutes (No sectional timing)
- Questions: 150
- Test 1: 100
- Test 2: 50
- Negative Marking: 1/4th
- 0.25 for Test 1
- 0.5 for Test 2
Candidates must secure a minimum aggregate mark as decided by IIFCL to qualify for the next stage.
| IIFCL Grade B Exam Pattern 2026 Phase 1 (Test 1 & 2) | ||||
| Test | Section | Questions | Marks | Time |
| Test 1 | Reasoning | 25 | 25 | 60 Minutes |
| Quantitative Aptitude | 25 | 25 | ||
| English Language | 25 | 25 | ||
| Current Affairs related to the Financial Sector | 25 | 25 | ||
| Total (Test 1) | 100 | 100 | ||
| Test 2 | Domain Knowledge Project Finance Corporate Banking, Treasury General Management Risk Management Corporate Governance in Banking Sector Accounting and Taxation Indian Economy Financial / Banking System in India – Structure and concerns, Financial Institutions. Latest RBI/SEBI Circulars, Guidelines on NBFCs, Project Finance, NPA, etc. Annual reports of RBI, SEBI, IIFCL, etc. | 50 | 100 | 60 Minutes |
| Grand Total (Test 1+Test 2) | 150 | 200 | 120 Minutes | |
IIFCL Grade B Interview
Candidates who qualify the online examination are shortlisted for the Interview stage based on their marks in Phase 1.
- Mode: In-person
- Language: English or Hindi
- Marks: 100
IIFCL Grade B Final Selection
The final IIFCL Grade B officer selection is based on your aggregate marks scored in Phase 1 (Test 1 & 2) and the interview in a ratio of 40:60.
IIFCL Grade B Eligibility 2026
IIFCL Grade B 2026 eligibility criteria include:
- Age
- Educational qualification
- Nationality
Below is a breakdown of the eligibility criteria for the IIFCL Grade B 2026 exam.
| IIFCL Grade B 2026 Eligibility Criteria (Generalist) | |
| Age Limit (As on 28 February 2026) | No Minimum age |
| Maximum Age- 40 years | |
| Age Relaxation- Yes (For reserved categories) | |
| Educational Qualification | You must have any of the following qualifications: Postgraduate degree or diploma in any discipline OR Bachelor’s degree in Law (LLB) or BA + LLB (5 years) OR Chartered Accountant (CA) OR Company Secretary (CS) OR Certified Management Accountant (CMA/ICWA) OR B.Tech / B.E |
| Nationality | Indian citizens only |
| Number of Attempts | No Limit |
| Work Experience | Minimum Experience: Minimum 7 years of experience in officer/executive roles, including at least 2 years in the financial sector, banks, financial institutions, PSUs, or reputed corporates. |
| Desirable Qualification/ Experience | Preference will be given to candidates with relevant experience in the banking, finance, or infrastructure sector. |
- Exam Pattern
- Eligibility Criteria
- Complete Syllabus
- Preparation Strategy
IIFCL Grade B Syllabus 2026
- The Phase 1 online examination consists of 2 tests conducted in a single session.
- Test 1 covers general aptitude
- Test 2 focuses on domain-specific knowledge.
- Interview (Phase) consists of 2 components:
- Technical Interview: Evaluation of professional skills and domain expertise in infrastructure finance.
- Behavioural Examination: Assessment of personality traits, leadership potential, and suitability for the Manager role.
The syllabus mentioned in the IIFCL Grade B notification is indicative. However, based on the analysis of the previous year’s question papers, here is the detailed IIFCL Grade B syllabus:
Reasoning Syllabus
Here are the topics that you need to cover in Reasoning for the IIFCL Grade B exam.
- Puzzles (circular, linear, floor-based)
- Seating arrangement
- Blood relations
- Coding–decoding
- Inequality
- Syllogism
- Input–output
- Data sufficiency
- Direction sense
- Ranking and order
Quantitative Aptitude Syllabus
Here are the topics that you need to cover in the Quantitative Aptitude syllabus for the IIFCL Grade B exam.
- Simplification & approximation
- Number series
- Quadratic equations
- Ratio and proportion
- Percentage & averages
- Profit and loss
- Time, speed, distance
- Work & time
- Partnership
- Mixture & allegation
- Simple & compound interest
- Probability
- Permutation & combination
- Data Interpretation (tables, graphs, caselets)
English Syllabus
Here are the topics that you need to cover in English for the IIFCL Grade B exam.
- Reading comprehension
- Cloze test
- Error spotting
- Para jumbles
- Sentence improvement
- Fill in the blanks
- Vocabulary (synonyms, antonyms, idioms)
Current Affairs Related to Financial Sector Syllabus
- National and International Current Affairs related to the financial and banking sector
- Recent Developments in the Banking Sector, including banking reforms and restructuring initiatives
- Financial Markets and Stock Market Developments
- Digital Banking, Fintech, and Cashless Payment Initiatives
- Reserve Bank of India (RBI) Updates, including interest rate changes and important circulars
- Non-Performing Assets (NPAs) and measures for their resolution
- Priority Sector Lending (PSL) and other banking regulations
- Basel Norms and global banking regulatory frameworks
- Regulatory Bodies such as RBI, SEBI, NABARD, IRDAI, etc., and their recent updates
- Mergers, Acquisitions, and MoUs of banks and financial institutions
- Important Committees and Reports related to banking and finance
- Credit Rating Agencies and their role in the financial system
- Key Economic Indicators, including GDP, GNP, NDP, and NNP
- Economic Survey and Major Government Policies related to the financial sector
- Recent Developments in the Insurance Sector
Domain Knowledge Syllabus
- Project Finance
- Corporate Banking
- Treasury
- General Management
- Risk Management
- Corporate Governance
- Accounting
- Banking System in India – Structure and concerns
- Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc.
- Latest RBI/SEBI Circulars
- Guidelines on NBFCs
- Project Finance, NPA, etc.
- Annual reports of RBI
- SEBI, IIFCL, etc.
What is the Latest IIFCL Grade B Salary 2026?
Below, you’ll find the latest IIFCL Grade B salary:
- Basic pay: ₹55,200 per month
- Latest monthly gross salary: ₹1.5 lakh per month
- In-hand salary: ₹1.2–1.3 lakh per month
- Annual CTC: ₹23.5 Lakh
- Allowances: Grade Allowance (GA), Dearness Allowance (DA), Special Grade Allowance (SGA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), etc.
- Benefits: Medical Facilities, Gratuity, National Pension System (NPS), and various other perquisites as per the company’s policy.
- Increment: Candidates with JAIIB, CAIIB, or other professional qualifications may be eligible for 1-2 additional increments in the pay scale, as per the company’s policy.
- Exam Pattern
- Eligibility Criteria
- Complete Syllabus
- Preparation Strategy
IIFCL Grade B Promotion & Career Growth
- By cracking the IIFCL Grade B exam, you’ll join as a manager at the Grade B level (one level ahead of Assistant Manager (Grade A)
- With experience and consistent performance, you can progress through various levels and reach up to the position of Executive Director.
Here is the complete IIFCL Grade B officer career path:
| IIFCL Grade B Promotions | |
| Grade | Positions |
| Grade A | Assistant Manager |
| Grade B | Manager (You will join here) |
| Grade C | Assistant General Manager |
| Grade D | Deputy General Manager |
| Grade E | General Manager |
| – | Chief General Manager |
| – | Executive Director |
IIFCL Grade B Job Profile: Powers and Duties
As a Grade B officer, your job profile includes making crucial financial and operational decisions.
The key responsibilities include:
- Infrastructure project financing & appraisal
- Credit analysis & risk management
- Corporate banking & treasury operations
- Monitoring large-value loans
- Policy and financial decision support
- Handling stressed assets & recovery
- MIS reporting & strategic operations
How to Fill the IIFCL Grade B Application Form 2026?
Here are the steps to fill out the IIFCL Grade B application form and complete your registration:
- Visit the official website of IIFCL.
- Go to the Careers section.
- Click on the “IIFCL Recruitment 2026 Apply Online” link for Assistant Manager/ Manager Apply.
- Register with your name, email, and mobile number.
- Log in and fill out the application form:
- Personal details
- Education and work experience
- Professional qualifications (if any)
- Upload documents: photograph, signature, left thumb impression, declaration, and certificates.
- Pay the application fee online.
- Submit the form
- Save/print the confirmation.
What is the Application Fee for the IIFCL Grade B 2026 Exam?
Here is the category-wise application fee to apply for the IIFCL Grade B 2026 exam:
- General/EWS/OBC: ₹600 (₹700 fee + ₹150 intimation).
- SC/ST PwBD/Women: ₹100 (intimation charges only).
- Employees of IIFCL: NIL
IIFCL Grade B Exam Centers 2026
IIFCL conducts its Phase 1 in multiple cities across India to ensure nationwide access for candidates. Here is the tentative list of examination centers mentioned in the official IIFCL Grade B notification:
- Ahmedabad / Gandhinagar
- Bengaluru
- Bhopal
- Bhubaneswar
- Mohali
- Chennai
- Dehradun
- Guwahati
- Hyderabad
- Jaipur
- Jammu
- Kolkata / Greater Kolkata
- Lucknow
- Mumbai / Navi Mumbai / Thane / Greater Mumbai (MMR region)
- Nagpur
- New Delhi – NCR
- Patna
- Raipur
- Ranchi
- Thiruvananthapuram
- Visakhapatnam
How to Download the IIFCL Grade B Admit Card
- Visit the official website of IIFCL.
- Go to the Careers section.
- Click on “Download Admit Card” for Grade B 2026.
- Enter your registration number and date of birth.
- Download and print your admit card.
- Exam Pattern
- Eligibility Criteria
- Complete Syllabus
- Preparation Strategy
How To Prepare for IIFCL Grade B 2026?
Here is the 12-week IIFCL Grade B preparation strategy:
Week 1–2: Basics
- Reasoning: Puzzles, seating arrangement, blood relations
- Quant: Simplification, number series, percentage, ratio & proportion
- English: Reading comprehension, vocabulary
- Current Affairs & Domain Knowledge: Financial sector updates, RBI & SEBI news, basics of banking system & financial institutions
Week 3–4: Core Topics
- Reasoning: Coding-decoding, inequality, syllogism, input-output
- Quant: Profit & loss, time, speed, distance, work & time
- English: Cloze test, para jumbles, sentence improvement
- Current Affairs & Domain Knowledge: Updates on banking reforms, project finance basics, corporate banking, and financial institutions
Week 5–6: Advanced Topics
- Reasoning: Ranking, order, data sufficiency
- Quant: Interest, probability, permutation & combination
- English: Error spotting, fill in the blanks
- Current Affairs & Domain Knowledge: Digital banking, NPAs, PSL, Basel norms, treasury & risk management
Week 7–8: Domain Knowledge
- Project finance, corporate banking, treasury
- Risk management, accounting, corporate governance
- RBI/SEBI/IIFCL reports & circulars
Week 9–10: Practice
- Solve mock tests & previous year papers
- Focus on weak areas
- Revise all concepts
Week 11–12: Final Revision & Interview Prep
- Quick revision of reasoning, quant, English, and domain knowledge
- Prepare short notes on current affairs
- Practice interview questions
Final Thoughts
Imagine yourself as an IIFCL Grade B Officer, earning a good salary, enjoying job security, and playing a key role in financing India’s infrastructure projects.
Feels great, right?
But to make this dream a reality, you need to cover the above-mentioned syllabus and clear the IIFCL Grade B exam 2026.
With the IIFCL Grade B 2026 Notification already released, now is the perfect time to start your preparation.
Use this time wisely. Follow a solid strategy, stay disciplined, practice regularly, and revise thoroughly. With consistent effort, you can crack the exam and achieve your goal.
All the best!
