04th April 2026 by Mangala Kamble
Table of Contents
Overview
Indian Railway Finance Corporation Limited (IRFC), a Schedule ‘A’ Navratna Public Sector Undertaking under the administrative control of the Ministry of Railways, Government of India, has released its Recruitment 2026 notification vide Advertisement No. 01/2026 dated 04.04.2026. IRFC is a Public Finance Institution engaged in supporting the creation of infrastructure in the Railway sector in India, primarily through leasing of Rolling Stocks and Railway projects to Indian Railways. As on 31 March 2025, the company’s turnover stands at Rs. 27,152.14 crore and net worth at Rs. 52,667.77 crore, and it has been consistently rated EXCELLENT by the Government of India in achievement of its MOU targets. Applications are invited through Online Mode for a total of 23 posts across two categories — Assistant (NE5 Level) and Assistant Manager/Finance (E1 Level). The online registration window opened on 04 April 2026 and the last date for submission of application along with fee is 01 May 2026 (up to 23:45 hrs). The Computer Based Test (CBT) is tentatively scheduled for June 2026. This is a rare and prestigious opportunity to join one of India’s most financially sound Navratna PSUs operating directly in the Indian Railways ecosystem.
Key Highlights – IRFC Recruitment 2026
| Detail | Information |
|---|---|
| Organisation | Indian Railway Finance Corporation Limited (IRFC) |
| PSU Status | Schedule ‘A’ Navratna PSU |
| Ministry | Ministry of Railways, Government of India |
| Advertisement No. | 01/2026 dated 04.04.2026 |
| Total Vacancies | 23 Posts |
| Posts | Assistant (NE5) & Assistant Manager/Finance (E1) |
| Application Mode | Online Only |
| Online Registration Start Date | 04 April 2026 |
| Last Date to Apply & Pay Fee | 01 May 2026 (up to 23:45 hrs) |
| CBT (Tentative) | June 2026 |
| Job Location | New Delhi |
| Official Website | irfc.co.in |
Why Apply for IRFC Recruitment 2026?
IRFC is not just another PSU — it is the dedicated financing arm of Indian Railways, one of the world’s largest railway networks. With a net worth exceeding Rs. 52,000 crore and a turnover of over Rs. 27,000 crore, IRFC is a financially among the most robust Central PSUs in India. Here is why this opportunity is exceptional:
- 🏛️ Navratna PSU Status — IRFC holds the prestigious Schedule ‘A’ Navratna status, placing it among India’s top-tier public sector companies with significant financial and operational autonomy.
- 💰 Exceptional Salary & CTC — Assistant Manager (Finance) offers an approximate CTC of Rs. 16.00 Lakh per annum, while the Assistant post offers approximately Rs. 8.00 Lakh CTC — both calculated at the minimum of pay scale and inclusive of Basic Pay, DA, HRA, Cafeteria Allowance, Performance Related Pay, and Retirement Benefits.
- 📈 Strong Career Growth — Selected candidates will have structured promotion opportunities to higher grades as per IRFC’s Promotion Policy, along with pay protection for those joining from other PSUs/Government organisations.
- 🏦 Work at the Heart of Indian Railways Finance — IRFC raises funds from domestic and international financial markets to finance rolling stock and railway infrastructure. Working here means direct involvement in nation-building through some of India’s most impactful infrastructure financing.
- 🎯 Ideal for CA/CMA/MBA Finance Candidates — The Assistant Manager (Finance) post is specifically tailored for qualified CAs, CMAs, or MBA (Finance) holders, making it one of the few PSU openings directly aligned with professional finance qualifications.
- 🛡️ Job Security with Excellent Perks — As a Central PSU employee, you will receive Medical Facilities, Gratuity, Leave Encashment, and all other benefits in line with the company’s policies, ensuring long-term financial security.
- 📍 Prime New Delhi Location — The corporate office is at NBCC Place, Lodhi Road, New Delhi — one of the most sought-after work locations in the country.
- 🌟 EXCELLENT MOU Rating Consistently — IRFC has consistently been rated EXCELLENT by the Government of India in its MOU performance targets, reflecting a high-performance, stable work environment.
Important Dates – IRFC Recruitment 2026
| Event | Date |
|---|---|
| Online Registration Start Date | 04 April 2026 |
| Last Date to Apply & Submit Fee | 01 May 2026 (up to 23:45 hrs) |
| Tentative CBT Date | June 2026 |
| Age Reckoning Date | 01 January 2026 |
Vacancy Details – IRFC Recruitment 2026
| S.No. | Post Code | Post | Total Vacancies | Pay Scale | Approx. CTC | Age Limit |
|---|---|---|---|---|---|---|
| 1 | 01 | Assistant (NE5 Level) | 16 | Rs. 21,000–74,000/- | Rs. 8.00 Lakh p.a. | 18–30 Years |
| 2 | 02 | Assistant Manager / Finance (E1 Level) | 07 | Rs. 40,000–1,40,000/- | Rs. 16.00 Lakh p.a. | 18–30 Years |
| Total | 23 |
Category-wise Vacancy Breakup
Post Code 01 – Assistant (NE5 Level) – 16 Posts
| UR | SC | ST | OBC-NCL | EWS | PwBD (Incl.) | Ex-SM (Incl.) |
|---|---|---|---|---|---|---|
| 06 | 02 | 01+01* | 04 | 02 | 01 | 02 |
*01 post is a Backlog Vacancy under ST category
Post Code 02 – Assistant Manager/Finance (E1 Level) – 07 Posts
| UR | SC | ST | OBC-NCL | EWS | PwBD (Incl.) | Ex-SM (Incl.) |
|---|---|---|---|---|---|---|
| 02 | 01 | 01 | 1+1* | 01 | – | 01 |
*01 post is a Backlog Vacancy under OBC-NCL category
Eligibility Criteria
Post Code 01 – Assistant (NE5 Level) | Pay: Rs. 21,000–74,000/- | Age: 18–30 Years
Essential Qualification:
- Three-year Bachelor’s Degree in Commerce from a recognised 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)
Note: Candidates appearing for or awaiting final results of the prescribed qualification as on the closing date of online registration (01.05.2026) are NOT eligible to apply.
Post Code 02 – Assistant Manager/Finance (E1 Level) | Pay: Rs. 40,000–1,40,000/- | Age: 18–30 Years
Essential Qualification:
- Three-year Bachelor’s Degree in Commerce from a recognised University/Institute with not less than 60% marks
- AND Qualified CA/CMA from ICAI/ICMAI
OR
- Two-year Regular MBA (Finance) / Post Graduate Diploma in Management (Finance) from a recognised University/Institute
Note: Candidates appearing for or awaiting final results as on 01.05.2026 are NOT eligible to apply.
Application Fee
| Post | Category | Fee |
|---|---|---|
| Assistant (NE5) – Post Code 01 | UR / OBC-NCL / EWS | Rs. 500/- (Non-Refundable) |
| Assistant Manager/Finance (E1) – Post Code 02 | UR / OBC-NCL / EWS | Rs. 500/- (Non-Refundable) |
| All Posts | SC / ST / PwBD / Ex-Servicemen / Transgender | Nil (Exempted) |
Fee is payable online only through UPI / Credit Card / Net Banking. Fee once paid will not be refunded under any circumstances. Candidates applying for both posts must submit separate application forms with separate fees.
Age Relaxation
| Category | Relaxation |
|---|---|
| SC / ST | 5 Years |
| OBC-NCL | 3 Years |
| PwBD (General) | 10 Years |
| PwBD – SC/ST | 15 Years |
| PwBD – OBC-NCL | 13 Years |
| Ex-Servicemen (UR/EWS) | 3 Years (after deduction of service length) |
| Ex-Servicemen (OBC-NCL) | 6 Years (after deduction of service length) |
| Ex-Servicemen (SC/ST) | 8 Years (after deduction of service length) |
| Regular Employees of IRFC | 8 Years |
Maximum age including all relaxations shall not exceed 56 years. Age reckoned as on 01.01.2026.
Salary & Service Conditions
Emoluments (Approximate CTC at minimum of pay scale):
The CTC includes Basic Pay, Dearness Allowance (DA), House Rent Allowance (HRA), Retirement Benefits, Cafeteria Allowance, admissible Performance Related Pay (PRP), and other perks. In addition, selected candidates will be entitled to Medical Facilities, Gratuity, and Leave Encashment as per company policy.
Service Bond:
- Assistant (NE5 Level): Service Bond of Rs. 2 Lakh/- plus GST for a minimum service period of 2 years at the time of joining
- Assistant Manager/Finance (E1 Level): Service Bond of Rs. 3 Lakh/- plus GST for a minimum service period of 2 years at the time of joining
Probation: 1 year from date of joining. Confirmation subject to satisfactory completion including test/training if required.
Pay Protection: Candidates joining from PSUs/Government organisations will be granted pay protection as per DPE guidelines (not applicable for Ex-Servicemen).
Selection Process – IRFC Recruitment 2026
| Post | CBT | Document Verification | Interview | Medical Test |
|---|---|---|---|---|
| Assistant (NE5) – Post Code 01 | ✔ | ✔ | ✗ | ✔ |
| Assistant Manager/Finance (E1) – Post Code 02 | ✔ | ✔ | ✔ | ✔ |
Scheme of Examination (CBT)
The CBT is a single-stage examination comprising Part A and Part B with a total of 100 Multiple Choice Objective Type Questions of 1 mark each. Duration is 90 minutes (120 minutes for eligible PwBD candidates with Scribe). Negative marking of 1/4th mark per wrong answer is applicable.
Part A (Common for both Post Codes) – 50 Questions:
| Topic | No. of Questions |
|---|---|
| Mathematics / Numerical Ability | 20 |
| General Awareness | 10 |
| Logical Reasoning / General Intelligence | 10 |
| Knowledge about Railways/IRFC | 10 |
| Total | 50 |
Part B – 50 Questions (Post-specific):
For Assistant (NE5 – Post Code 01): Corporate Accounting, Income Tax Laws and Practice, Indirect Tax Laws, Corporate Laws, Cost Accounting, Computer Application in Business, Management Principles, Financial Management, Auditing and Corporate Governance, Financial Reporting and Analysis, Project Management, E-Filing of Returns, Banking and Insurance, etc.
For Assistant Manager/Finance (E1 – Post Code 02): Accounting and IND AS Standards, Financial Reporting, Strategic Financial Management, Auditing, Professional Ethics, Cost and Management Accounting, Corporate & Economic Laws, Direct Tax Laws, Indirect Tax Laws, Enterprise Information Systems, Risk Management, Financial Services & Capital Markets, Computer Applications in Business, E-Filing of Returns, etc.
Qualifying Marks in CBT:
| Category | Minimum Qualifying Marks |
|---|---|
| UR / EWS | 40% |
| SC / OBC-NCL | 30% |
| ST | 25% |
For Assistant Manager/Finance (Post Code 02) – Interview: Candidates up to 3 times the number of vacancies (community-wise) will be called for Interview based on CBT merit. Final merit will be prepared giving 80% weightage to CBT marks and 20% to Interview marks.
Examination Cities (Tentative): Delhi/NCR, Kolkata, Mumbai, and Chennai. Candidates must indicate preference for 3 cities while applying. Request for change of date, centre, or shift will not be entertained under any circumstances.
How to Apply
- Visit the official IRFC website at irfc.co.in and click on the “Career” tab
- Click on “Register” for new registration and fill in your Post applied, Name, valid Mobile Number, and Email ID
- Generate OTP, accept Terms & Conditions, verify details and complete registration — you will receive Login ID and Password on your registered mobile and email
- Log in and fill the application form carefully with correct personal, academic, and category details
- Upload scanned photograph (100–200 KB, JPG/JPEG), signature (80–150 KB, JPG/JPEG), left thumb impression (80–150 KB, JPG/JPEG), and required certificates (100–1000 KB, JPG/JPEG/PDF)
- Preview the application before final submission; once submitted, no changes will be allowed
- After submission, pay the application fee of Rs. 500/- online through UPI/Credit Card/Net Banking (SC/ST/PwBD/Ex-SM/Transgender candidates are exempted)
- Download and save the system-generated application form for your records — do NOT send it to IRFC
- For applying to both posts, submit separate application forms with separate fees for each post code
- For any technical issues during registration or fee payment, contact Helpdesk at +91-9513631887
- Last date for application and fee submission: 01 May 2026 (23:45 hrs)
Important Instructions for Candidates
- Candidates must possess the essential qualification as on the closing date i.e. 01 May 2026; appearing/awaiting result candidates are not eligible
- All candidates employed in Government/Semi-Government/PSU/Autonomous Bodies must produce a No Objection Certificate (NOC) at the time of Document Verification; failure to do so will lead to cancellation of candidature
- Regular IRFC employees do not require NOC but must produce Vigilance and D&AR Clearance
- OBC-NCL certificate at the time of Document Verification must not be older than one year
- EWS certificate at the time of Document Verification must not be older than one year; family gross annual income must be below Rs. 8.00 Lakh from all sources
- PwBD candidates must have minimum 40% disability to avail reservation/relaxation benefits
- Canvassing in any form will result in immediate disqualification
- Submitting multiple registrations for the same post will lead to cancellation without notice
- Do not apply under fictitious/pseudo names or email IDs — such candidates will be liable under the IT Act 2000
- Any information found false or suppressed at any stage, including after appointment, will lead to termination of service
- IRFC warns candidates against touts and job racketeers — selection is purely on merit. Consult only the official website irfc.co.in and beware of fake websites
- In case of any legal dispute, jurisdiction will be Delhi only
- All updates, corrigenda, admit cards, and results will be posted only on irfc.co.in — no press notifications will be issued
Frequently Asked Questions (FAQ)
Q1. What is IRFC and under which ministry does it function? Indian Railway Finance Corporation Limited (IRFC) is a Schedule ‘A’ Navratna Public Sector Undertaking under the Ministry of Railways, Government of India. It is the dedicated financing arm of Indian Railways, primarily engaged in leasing Rolling Stock and funding Railway infrastructure projects.
Q2. What are the two posts being recruited in IRFC Recruitment 2026? IRFC is recruiting for Assistant (NE5 Level) — 16 posts, and Assistant Manager/Finance (E1 Level) — 07 posts, totalling 23 posts.
Q3. What is the last date to apply for IRFC Recruitment 2026? The last date for online registration, application submission, and fee payment is 01 May 2026 up to 23:45 hrs. No applications will be accepted after this deadline.
Q4. Can a CA/CMA Intermediate candidate apply for the Assistant post? Yes. For the Assistant (NE5) post, candidates who have passed the Intermediate Examination from ICAI or ICMAI along with a B.Com degree with minimum 60% marks are eligible.
Q5. Is there an interview for both posts? No. Interview is applicable only for the Assistant Manager/Finance (E1 Level) post (Post Code 02). For the Assistant (NE5 Level) post (Post Code 01), selection is through CBT, Document Verification, and Medical Test only.
Q6. What is the CTC for Assistant Manager/Finance post at IRFC? The approximate CTC for Assistant Manager/Finance (E1 Level) is Rs. 16.00 Lakh per annum at the minimum of the pay scale of Rs. 40,000–1,40,000/-.
Q7. Is there a service bond/agreement for selected candidates? Yes. Assistant (NE5) candidates must execute a Service Bond of Rs. 2 Lakh/- plus GST, and Assistant Manager/Finance (E1) candidates must execute a Service Bond of Rs. 3 Lakh/- plus GST, each for a minimum service period of 2 years at the time of joining.
Q8. What is the application fee and who is exempted? The application fee is Rs. 500/- for UR/OBC-NCL/EWS candidates. SC/ST/PwBD/Ex-Servicemen/Transgender candidates are fully exempted from the fee. Fee once paid is non-refundable.
Q9. Can I apply for both posts simultaneously? Yes, but you must submit separate application forms with separate fees for each post code. However, note that the CBT schedule for both posts may coincide or the exam city/centre may differ — candidates will have to manage this at their own risk.
Q10. What is the negative marking in the CBT? Yes, there is negative marking of 1/4th mark (0.25 marks) for each wrong answer in the CBT.
Q11. What is the final merit calculation for the Assistant Manager/Finance post? The final merit is prepared by giving 80% weightage to CBT marks and 20% weightage to Interview marks. Candidates up to 3 times the vacancy (community-wise) will be called for Interview.
Q12. Are MBA Finance candidates eligible for the Assistant Manager post? Yes. Candidates with a 2-year Regular MBA (Finance) or PGDM (Finance) from a recognised university/institute are eligible for the Assistant Manager/Finance (E1) post.
Important Links
| Description | Link |
|---|---|
| Apply Online | Click Here |
| Official Notification | Download here |
| Official Website | irfc.co.in |
| Helpdesk Email | recruitment_helpdesk@irfc.co.in |
| Helpdesk Phone | 011-24361480 |
| Application Helpdesk Number | +91-9513631887 |
| Official WhatsApp Channel | Click Here |
| Official Telegram Channel | Click Here |