Active Rajasthan Financial Corporation Vacancies
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About Rajasthan Financial Corporation Careers
| Feature | Organization Details |
| Organization Type | Statutory Body (Govt. of Rajasthan Undertaking) |
| Headquarters | Jaipur, Rajasthan (Udyog Bhawan) |
| Primary Entry Gate | IBPS Online Examination & Descriptive Test |
| Salary Range | ₹31,100 (Fixed Probation) - ₹1,40,100 (Pay Level-12) |
🏛️ Organization Overview
The Rajasthan Financial Corporation (RFC) was constituted on January 17, 1955, under the State Financial Corporations (SFCs) Act, 1951. Its primary objective is to provide financial assistance for setting up new industrial units and for the expansion or modernization of existing ones. RFC plays a crucial role in implementing state industrial policies and offering tailor-made loan schemes for specific entrepreneurial classes.
With a network of 34 branches and 7 regional offices across 32 districts, RFC has a widespread presence. The corporation operates various departments, including Loan Appraisal, Recovery, Technical, and Law, ensuring a holistic approach to industrial credit. For employees, the work involves evaluating the technical feasibility and economic viability of diverse projects, ranging from textile units and hotels to mining and commercial complexes.
💼 Key Job Profiles (Evergreen Roles)
- Assistant Manager (Technical): Focuses on evaluating the suitability of locations, adequacy of plant and machinery, and technical feasibility of industrial projects. Requires a Bachelor's degree in Mechanical, Electrical, or Civil Engineering with 2 years of experience.
- Assistant Manager (Law): Deals with the execution of loan documents, title examinations, and legal compliance. Requires an LLB (60%) with experience or an LLM degree.
- Assistant Manager (Finance): Responsible for mobilization of resources, project implementation monitoring, and loan disbursement. Typically requires a CA/ICWA or MBA (Finance).
- Officer (Administration/Accounts): Manages the internal governance, payroll, and maintenance of financial records for the corporation's regional and head offices.
💰 Salary & Employee Benefits
RFC employees are compensated under the 7th Pay Commission pay matrix of the Rajasthan Government.
- Pay Level: Assistant Manager roles are placed at Pay Matrix Level-12.
- Probation Pay: During the 2-year "Probation Trainee" period, candidates receive a fixed remuneration of ₹31,100 per month.
- Post-Probation Salary: Upon successful completion, the starting basic pay is ₹44,300.
- Gross Emoluments: The initial monthly gross salary (including DA, HRA, and CCA) is approximately ₹79,854 at Jaipur.
- Allowances: Employees are eligible for Dearness Allowance (DA), House Rent Allowance (HRA), and medical benefits as per RFC Staff Regulations.
🎯 Selection Process
The recruitment for Group 'A' positions like Assistant Manager is typically outsourced to professional bodies like IBPS:
- Online Examination: A comprehensive test covering General Aptitude, Reasoning, English, and Professional Knowledge.
- Descriptive Paper: For specialized roles (Technical/Law), a descriptive test is conducted to assess drafting and professional writing skills.
- Document Verification: Shortlisted candidates must present original academic and experience certificates.
- CIBIL Check: As a financial institution, RFC maintains strict standards regarding the credit history of its employees.
💡 Expert Tips: How to Crack RFC Exams
Focus on Professional Knowledge
The professional knowledge section often carries the highest weightage (up to 75 marks). Law candidates should master the SFCs Act, SARFAESI, and Insolvency Code, while Technical candidates must be thorough with engineering fundamentals and industrial safety standards.
Working Knowledge of Hindi
As per Rajasthan Government norms, a working knowledge of Hindi written in Devanagari script and familiarity with Rajasthani culture is often a prerequisite. Ensure you are comfortable with official terminology in Hindi.
CIBIL & Credit Conduct
Before applying, ensure you have a clean financial record. RFC specifically checks for Credit History (CIBIL score) during the final selection stages; defaults or poor scores can lead to disqualification.
❓ Frequently Asked Questions: Rajasthan Financial Corporation Jobs
What is the probation period for Assistant Managers at RFC?
Selected candidates are engaged as 'Probation Trainees' for a fixed period of two years before being absorbed into the regular pay scale.
Can LLM graduates apply for the Assistant Manager (Law) post without experience?
Yes, as per the 2026 norms, candidates with an LLM degree are eligible without the mandatory 2 years of experience required for LLB holders.
Is there a service bond for newly recruited employees?
Yes, selected candidates are generally required to execute a service bond to serve the corporation for a minimum period of two years.
What is the age limit for general category candidates?
The standard age limit is 21 to 40 years, with a 5-year relaxation for women candidates of the General category.
Are candidates from other states eligible for RFC recruitment?
Yes, Indian citizens from other states can apply, but they will be treated as General category candidates regardless of their category in their home state.
What is the role of a Technical Assistant Manager?
They evaluate project feasibility, inspect plant/machinery usefulness, and verify the technical availability of raw materials for units seeking loans.
Does RFC provide official accommodation?
RFC does not typically provide staff quarters; instead, employees are paid a House Rent Allowance (HRA) based on their place of posting.
Where are the major exam centers for RFC recruitment?
The online examinations are usually conducted in major cities of Rajasthan, including Jaipur, Jodhpur, Ajmer, and Kota.