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The Indian Railway Accounts Service (IRAS) is a Group ‘A’ Central Civil Service under the Ministry of Railways, Government of India. It is responsible for financial management, budgeting, accounting, and auditing of the Indian Railways, which is one of the largest employers and transport networks in the world. IRAS officers play a critical role in ensuring the financial sustainability, economic efficiency, and fiscal discipline of the Indian Railways.
Recruited through the UPSC Civil Services Examination (CSE).
Some officers are also promoted from Group ‘B’ Railway Accounts Officers.
Foundation Course at LBSNAA, Mussoorie (common for all Group 'A' services).
Railway-specific training at National Academy of Indian Railways (NAIR), Vadodara.
Specialized financial training at institutions like:
National Institute of Financial Management (NIFM), Faridabad.
Indian Institute of Management (IIMs) or other finance institutes.
On-the-Job Training (OJT) in railway divisions, zonal headquarters, and production units.
Formulation and execution of the Railway Budget.
Revenue and capital expenditure management to ensure financial discipline.
Monitoring cash flows and financial resource allocation.
Maintaining railway accounts, balance sheets, and financial records.
Conducting internal audits to ensure transparency and prevent financial mismanagement.
Coordinating with the Comptroller and Auditor General (CAG) for external audits.
Optimizing railway expenditures and cost-cutting strategies.
Pricing strategies for passenger fares and freight charges.
Evaluating the financial viability of railway projects.
Managing earnings from freight, passenger services, and railway assets.
Handling financial transactions related to Public-Private Partnerships (PPP) in railway projects.
Implementing modern accounting and revenue collection systems.
Managing salary payments of over 12 lakh railway employees.
Supervising pension disbursement for retired railway staff.
Ensuring timely settlement of claims and dues.
Advising the Railway Board on financial matters and policy reforms.
Financial planning for modernization projects like bullet trains and electrification.
Integrating digital financial tools and AI-based financial management systems.
Organizational Structure, Pay Scale & Career Progression
|
Rank |
Designation |
Pay Scale (7th CPC) |
Responsibilities |
|---|---|---|---|
|
Junior Time Scale (JTS) |
Assistant Divisional Finance Manager (ADFM) |
₹56,100 - ₹1,77,500 (Level 10) |
Handling divisional accounts & audits. |
|
Senior Time Scale (STS) |
Divisional Finance Manager (DFM) |
₹67,700 - ₹2,08,700 (Level 11) |
Supervising financial transactions at the divisional level. |
|
Junior Administrative Grade (JAG) |
Senior Divisional Finance Manager (Sr. DFM) |
₹78,800 - ₹2,09,200 (Level 12) |
Managing divisional budgets & expenditure control. |
|
Selection Grade (SG) |
Deputy Chief Accounts Officer (Dy. CAO) |
₹1,18,500 - ₹2,14,100 (Level 13) |
Overseeing zonal financial operations. |
|
Senior Administrative Grade (SAG) |
Chief Accounts Officer (CAO) |
₹1,44,200 - ₹2,18,200 (Level 14) |
Managing railway finances at zonal headquarters. |
|
Higher Administrative Grade (HAG) |
Financial Advisor & Chief Accounts Officer (FA&CAO) |
₹1,82,200 - ₹2,24,100 (Level 15) |
Strategic financial planning for the entire zone. |
|
Apex Scale |
Member (Finance), Railway Board |
₹2,25,000 (Fixed) |
Overall financial policymaking for Indian Railways. |
Railway Board, Ministry of Railways, Government of India.
Managing railway divisional budgets, accounts, and financial audits.
Ensuring fiscal discipline in railway expenditure.
Policy formulation for budgeting, pricing, and financial planning.
Coordinating with the Ministry of Finance and Comptroller and Auditor General (CAG).
Overseeing financial investments and joint ventures in railway infrastructure.
Implementing financial models for high-speed rail corridors, metro rail projects, and railway electrification.
Representing Indian Railways in financial negotiations with the World Bank, ADB, and other global institutions.
Working on international railway financing projects.
The Indian Railway Accounts Service (IRAS) plays a crucial role in managing the financial backbone of Indian Railways, ensuring that it remains financially sustainable and operationally efficient. As railway modernization, high-speed trains, and electrification projects expand, IRAS officers will be at the forefront of financial planning, budgeting, and economic strategy, making it a highly specialized and impactful service in India's administrative framework.
