IRFC Assistant & Asst Manager Recruitment 2026 — 23 Posts

About This Job

Indian Railway Finance Corporation Limited (IRFC) has released Advt. No. 01/2026 for 23 vacancies across two posts — Assistant (NE-5 Level) and Assistant Manager (Finance) (E-1 Level). IRFC is a Navratna PSU under the Ministry of Railways and the dedicated funding arm of Indian Railways. The pay scale goes up to Rs 1,40,000 per month, and the CTC can reach Rs 16 lakh per year. The last date to apply online is 1 May 2026.

IRFC Assistant & Assistant Manager Recruitment 2026 — 23 Posts

IRFC, established in December 1986, raises financial resources from domestic and international markets to support Indian Railways' infrastructure needs — including locomotives, passenger coaches, freight wagons, and railway projects. As of March 2025, IRFC has a turnover of over Rs 27,152 crore and a net worth of Rs 52,667 crore. The corporation has been rated EXCELLENT by the Government of India consistently. This is a great opportunity to join one of India's top-performing public sector companies in the finance and accounting domain.

Vacancy Breakdown

Category-wise Reservation — Assistant (NE-5): 16 Posts

• UR: 06
• SC: 02
• ST: 01 + 01 (backlog)
• OBC-NCL: 04
• EWS: 02
• PwBD (horizontal): 01
• Ex-Servicemen (horizontal): 02

Category-wise Reservation — Asst Manager Finance (E-1): 7 Posts

• UR: 02
• SC: 01
• ST: 01
• OBC-NCL: 01 + 01 (backlog)
• EWS: 01
• Ex-Servicemen (horizontal): 01

Who Can Apply?

For Both Posts — Common Requirements

• Three-year Bachelor's Degree in Commerce (B.Com) from a recognized university with not less than 60% marks
• AND Intermediate Examination passed from the Institute of Chartered Accountants of India (ICAI) or Institute of Cost Accountants of India

Additional Qualification for Assistant Manager (Finance) (E-1)

In addition to the above, you can also qualify if you have:

• Qualified CA/CMA from ICAI or Institute of Cost Accountants of India
• OR Two-year regular MBA (Finance) or Post Graduation Diploma in Management (Finance) from a recognized university or institute

Note: You must have the required qualification by the closing date of online registration. Candidates awaiting final results are NOT eligible to apply.

Age Limit

• Minimum age: 18 years
• Maximum age: 30 years
• Age calculated as on: 01 January 2026

Age Relaxation

• SC/ST: 5 years (upper age limit: 35 years)
• OBC-NCL: 3 years (upper age limit: 33 years)
• PwBD: 10 years (15 years for SC/ST PwBD, 13 years for OBC-NCL PwBD)
• Ex-Servicemen: Length of service in defence + 3 years (community-wise: UR/EWS 3 years, OBC-NCL 6 years, SC/ST 8 years after deducting service)
• Regular IRFC employees: 8 years
• Maximum upper age with all relaxations: 56 years

Salary

• Assistant (NE-5): Rs 21,000 - 74,000 per month | CTC approximately Rs 8 lakh per year
• Asst Manager Finance (E-1): Rs 40,000 - 1,40,000 per month | CTC approximately Rs 16 lakh per year

Selected candidates will be inducted at the minimum of the pay scale. The CTC includes:

• Basic Pay + Dearness Allowance (DA)
• House Rent Allowance (HRA)
• Cafeteria Allowance
• Performance Related Pay (PRP)
• Retirement Benefits
• Medical Facilities, Gratuity, and Leave Encashment

You will also get pay protection if you are currently serving in a PSU or government organization (as per DPE guidelines).

Application Fee

• UR / OBC-NCL / EWS: Rs 500 (non-refundable)
• SC / ST / PwBD / Ex-Servicemen / Transgender: No fee (exempted)
• Payment mode: Online only — UPI, Credit Card, Debit Card, or Net Banking

If you are applying for both posts, you need to submit separate applications with separate fees for each post.

Selection Process

For Assistant (NE-5)

1. Computer Based Test (CBT) — 100 MCQs, 100 marks, 90 minutes
2. Document Verification
3. Medical Test

For Assistant Manager Finance (E-1)

1. Computer Based Test (CBT) — 100 MCQs, 100 marks, 90 minutes
2. Document Verification
3. Interview — Final merit: 80% CBT + 20% Interview
4. Medical Test

CBT Exam Pattern

The CBT has two parts — Part A (common) and Part B (post-specific). Each question carries 1 mark. There is negative marking of 1/4th mark for every wrong answer. PwBD candidates with scribe get 120 minutes.

Part A — Common for Both Posts (50 Questions)

• Mathematics / Numerical Ability: 20 questions
• General Awareness: 10 questions
• Logical Reasoning / General Intelligence: 10 questions
• Knowledge about Railways / IRFC: 10 questions

Part B — Post Specific (50 Questions)

• Assistant (NE-5): Corporate Accounting, Income Tax Laws, Indirect Tax Laws, Corporate Laws, Cost Accounting, Computer Application in Business, Financial Management, Auditing, Corporate Governance, Financial Reporting, Project Management, E-Filing, Banking and Insurance
• Asst Manager Finance (E-1): Accounting and IND AS Standards, Financial Reporting, Strategic Financial Management, Auditing, Professional Ethics, Cost and Management Accounting, Corporate and Economic Laws, Direct and Indirect Tax Laws, Enterprise Information Systems, Risk Management, Financial Services and Capital Markets, Computer Application in Business

Qualifying Marks

• UR / EWS: 40%
• SC / OBC-NCL: 30%
• ST: 25%

The exam will be in English and Hindi. Exam cities: Delhi/NCR, Kolkata, Mumbai, and Chennai (subject to change).

How to Apply

1. Go to the official IRFC website at irfc.co.in
2. Click on the Careers section and find Recruitment Notice 01/2026
3. Click Apply Online and register with your email ID and mobile number
4. Fill in your personal details, educational qualifications, and upload your documents
5. Upload your photograph, signature, and left thumb impression as per the given dimensions
6. Pay the application fee online (if applicable)
7. Submit the form and take a printout of the application with the unique transaction and application number

Important: Enter your name, father's name, and date of birth exactly as recorded in your Matriculation certificate.

Important Dates

• Notification date: 4 April 2026
• Online application starts: 4 April 2026
• Last date to apply and pay fee: 1 May 2026 (11:45 PM)
• Computer Based Test (CBT): June 2026 (tentative)
• Admit card: To be announced

• Handle financial transactions, accounting entries, and maintain books of accounts for the corporation
• Prepare financial statements, balance sheets, and periodic reports in compliance with IND AS standards
• Assist in raising financial resources from domestic and international capital markets for Indian Railways projects
• Work on tax compliance including income tax, GST, and other statutory filings and returns
• Monitor loan portfolios, lease agreements, and fund disbursements for railway rolling stock and infrastructure
• Manage audit processes including internal audit, statutory audit, and CAG audit coordination
• Prepare budgets, cost estimates, and financial forecasts for railway project financing
• Follow corporate governance guidelines and ensure compliance with SEBI, RBI, and DPE regulations