This post is held by senior IAS officer of the rank of Secretary to Government of India.

[2][3] Under Section 22, of Reserve Bank of India Act, 1934, Finance Secretary signs the 1-rupee note.

Economic Affairs, Expenditure, Financial Services, Revenue and Investment & Public Assets Management of Ministry of Finance, is designated as Finance Secretary.

The official earmarked residence of the Union Finance Secretary is 5, New Moti Bagh, New Delhi, a Type-VIII bungalow.

As the Finance Secretary is of the rank of Secretary to Government of India, his/her salary is equivalent[12] to Chief Secretaries of State Governments and to Vice Chief of Army Staff/Commanders, in the rank of Lieutenant General and equivalent ranks in Indian Armed Forces.