IRFC Recruitment 2026 — 23 Assistant & Asst Manager Posts

About This Job

Indian Railway Finance Corporation Limited (IRFC), a Schedule 'A' Navratna PSU under the Ministry of Railways, is hiring for 23 vacancies across two posts — Assistant (NE-5 Level) and Assistant Manager/Finance (E-1 Level). Salary goes up to Rs. 1,40,000 per month with CTC as high as Rs. 16 lakh per year. The last date to apply online is 01 May 2026.

IRFC Recruitment 2026 - 23 Posts (Advt No. 01/2026)

IRFC has released Advertisement No. 01/2026 dated 04.04.2026 inviting online applications from Commerce graduates and CA/CMA/MBA (Finance) candidates. IRFC is the dedicated financing arm of the Indian Railways with a turnover of Rs. 27,152.14 crore and net worth of Rs. 52,667.77 crore — a prestigious opportunity in the finance domain. Selection is through a Computer Based Test (CBT) followed by Document Verification, Interview (for Asst Manager only), and Medical Test.

Vacancy Breakdown

• Assistant (NE-5 Level) — 16 posts (UR: 06, SC: 02, ST: 01+01 backlog, OBC-NCL: 04, EWS: 02). Horizontal: PwBD 01, Ex-Servicemen 02.
• Assistant Manager/Finance (E-1 Level) — 07 posts (UR: 02, SC: 01, ST: 01, OBC-NCL: 01+01 backlog, EWS: 01). Horizontal: Ex-Servicemen 01.

Who Can Apply?

Assistant (NE-5 Level)

• Qualification: Three years Bachelor's Degree in Commerce from a recognized University/Institute 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 (ICMAI).

Assistant Manager/Finance (E-1 Level)

• Qualification: Three years Bachelor's Degree in Commerce (60%+ marks), AND
• Qualified CA / CMA from ICAI / ICMAI, OR Two years regular MBA (Finance) / PGDM (Finance) from a recognized University/Institute.

You must possess the essential qualification as on the closing date (01.05.2026). Candidates awaiting final results are not eligible.

Age Limit

• Age limit: 18 to 30 years
• Age reckoned as on: 01.01.2026
• Relaxation: SC/ST — 5 years; OBC-NCL — 3 years; PwBD — 10 years (15 for SC/ST PwBD, 13 for OBC PwBD)
• Ex-Servicemen: Length of service + 3 years (after deduction of service)
• Regular IRFC employees: 8 years relaxation
• Maximum upper age including all relaxations: 56 years

Salary

• Assistant (NE-5): Rs. 21,000 - 74,000 per month. CTC approx Rs. 8.00 lakh per year.
• Assistant Manager/Finance (E-1): Rs. 40,000 - 1,40,000 per month. CTC approx Rs. 16.00 lakh per year.
• CTC includes Basic Pay, DA, HRA, Retirement Benefits, Cafeteria Allowance and Performance Related Pay (PRP).
• Medical Facilities, Gratuity, Leave Encashment also provided.
• Service Bond: Rs. 2 lakh (Assistant) / Rs. 3 lakh (Asst Manager) for minimum 2 years of service.

Application Fee

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

Selection Process

1. Computer Based Test (CBT): Single-stage exam with 100 MCQs, 100 marks, 90 minutes duration. Negative marking of 1/4 mark per wrong answer.
2. Document Verification — for shortlisted candidates.
3. Interview — only for Assistant Manager (E-1). Final merit = 80% CBT + 20% Interview.
4. Medical Test — as per Indian Railway Medical Manual (Medical Category C1).

Qualifying marks: UR/EWS — 40%, SC/OBC-NCL — 30%, ST — 25%.

How to Apply

1. Visit the official IRFC website www.irfc.co.in.
2. Click on the Career section and open Recruitment Notice 01/2026.
3. Register using your active email ID and mobile number.
4. Fill the online form — name, DOB and father's name must match your Matriculation certificate.
5. Upload photograph, signature and required certificates.
6. Pay the fee online (UPI / Card / Net Banking).
7. Submit the form and print the confirmation page for your records.
8. Last date: 01 May 2026, 23:45 hrs.

Important Dates

• Notification date: 04 April 2026
• Online application starts: 04 April 2026
• Last date to apply & pay fee: 01 May 2026 (23:45 hrs)
• CBT exam (tentative): June 2026
• Age reference date: 01 January 2026

• Handle financial accounting, book-keeping and ledger maintenance for IRFC operations.
• Assist in raising funds from domestic and international financial markets for Indian Railways asset acquisition.
• Prepare MIS reports, financial statements and compliance filings as per applicable laws.
• Work on leasing transactions for rolling stock — locomotives, coaches and freight wagons.
• Follow IND-AS, Income Tax, Corporate Law and SEBI regulations in day-to-day work.
• Manage vendor payments, reconciliation and internal audit support.
• Monitor fund utilization and assist in treasury operations.
• Support senior management in budgeting, forecasting and board reporting.